Germany Pays Kapsch €27M Over Abandoned Maut System

Germany Pays Kapsch €27M Over Abandoned Maut System

APA/HANS KLAUS TECHT

Kapsch TrafficCom can once again look forward to a multimillion-euro payment following the failed German car toll project from six years ago. Back in 2018, then-German Transport Minister Andreas Scheuer had planned to introduce a toll and awarded the contract to a joint venture between Kapsch and CTS Eventim. However, the European Court of Justice struck down the project, and in 2019 Scheuer terminated the contracts. Kapsch and Eventim demanded compensation. An initial payment was made in 2023 — now another follows.

Kapsch TrafficCom’s subsidiary, MTS Maut Telematik Services, will receive €27 million from the Federal Republic of Germany, according to a settlement that ends an arbitration proceeding, the company announced Friday afternoon. This settles and resolves the mutual claims arising from the contract for the planning, development, construction, operation, and maintenance of the automated toll system.

Positive impact on EBIT outlook

The agreement will have an effect on Kapsch TrafficCom’s financial results. The outlook for the current 2025/26 fiscal year still anticipates revenues of €510 million, but the operating profit (EBIT) is now expected to be “around €45 million,” with “additional positive one-time effects possible during the fiscal year,” according to the company statement. At the earnings presentation two days earlier, the outlook for the current year had only stated that EBIT would rise compared to the previous year.

Back in 2023, a separate arbitration settlement granted the 50:50 joint venture between Kapsch and Eventim a payment of €243 million. The breakdown of the amount between the two companies was not disclosed, but in Kapsch’s 2023/24 balance sheet, its share was reflected with €79 million in EBIT.

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