26.08.2020

Strategic reorientation of the PTV Group: Positive operating results striven for in FY2020

New Executive Board chaired by Christian U. Haas promotes product portfolio enhancement/Double-digit EBIT margin as a mid-term goal

Karlsruhe, Germany, August 26, 2020. The PTV Group (PTV), Karlsruhe, is realigning its business. The Executive Board chaired by CEO Christian U. Haas has revised the company's strategy and developed a business model that should generate double-digit EBIT margins in the mid-term.

The key objectives of the strategic reorientation are to encourage business growth with platform-supported business models and to continue enhancing the existing product portfolio. Therefore, a majority of the desktop applications will be transformed into web-based cloud applications. Software subscriptions with monthly and/or yearly fees will also simplify the process for new users of our software.

Christian U. Haas, CEO of the PTV Group, says: “We will make state-of-the-art applications (apps) available to our customers via a new technological platform. The apps can therefore be adjusted flexibly to our customers’ needs and use cases.” PTV's core business - planning and optimising mobility and transport logistics - will be expanded and enhanced technologically. With these enhancements, the company can offer completely configured services on a Software-as-a-Service (SaaS) basis, special web applications and intelligent interfaces (APIs) that allow individual features to be easily integrated into third-party systems.

In the current fiscal year, the effects of the Coronavirus pandemic have also been felt at PTV. Nevertheless, Haas remains optimistic: “Fiscal years 2020 and 2021 will be marked by the strategic reorientation. I firmly believe, however, that we will achieve positive operating results in FY2020.”

In FY2019, PTV grew successfully under the new Executive Board that includes Christian U. Haas, Klaus Lechner (CFO) and Dr. Peter Overmann (CTO). Thanks to a strong fourth quarter, revenue increased to EUR117 million. Thus, the company achieved a double-digit revenue growth and positive operating results of EUR5 million.

PTV, headquartered in Karlsruhe, employs approximately 900 people in 20 locations around the world. The company develops intelligent software solutions for transport logistics, transport planning and traffic management. PTV Group’s software solutions help cities and organizations globally reduce travel times and costs, make roads safer, and reduce negative environmental impacts. PTV solutions are used in more than 2,500 cities worldwide. Trips and routes for over one million vehicles globally are planned daily with PTV software.

 

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PTV. The Mind of Movement

PTV Group takes a holistic approach that integrates all aspects of traffic, transport and logistics to create and promote sustainable mobility. Recognised as global market leader, PTV develops intelligent software solutions for transport logistics, traffic planning and traffic management. Thus cities, companies and people save time and money, enhance road safety and minimise the impact on the environment. Based on its unique expertise in every facet of mobility, PTV ensures that people and goods arrive at their destinations safe and sound, and on time.

More than 2,500 cities deploy PTV products. Trips and routes for over one million vehicles are planned with our software. The European transport model, which encompasses all passenger transport and freight movements in Europe, is developed using PTV software. We currently have approximately 900 colleagues worldwide committed to driving the high performance of our products. PTV’s headquarters, located in the heart of the Karlsruhe technology region, house the company’s centre of development and innovation. From here, PTV plans and optimises everything that moves people and goods worldwide – it's the central idea which has accompanied the Group since its foundation in 1979.

The PTV business is managed worldwide in six regions: Nordics, Central and Eastern Europe, Southern Europe, MENA (Middle East, Africa, India), Asia Pacific, Americas.

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Corporate Communications
Kristina Stifter
Head of Global Communications

Phone:+49 721-9651-565
E-Mail:kristina.stifter@ptvgroup.com


PTV Headquarters in Karlsruhe, Germany

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Christian U. Haas, CEO of the PTV Group

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