Strategic reorientation of the PTV Group: Positive operating results striven for in FY2020
Karlsruhe, Germany, 08/26/2020. 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.
PTV. Empowering Mobility as part of Umovity.
PTV Group is a leading global software company for traffic planning, simulation, and real-time management. With more than 40 years of experience in the fields of mobility, the Germany-based company provides software products based on proprietary algorithms ranging from microscopic and macroscopic modeling and simulation of traffic to real-time traffic management, benefiting more than 2,500 cities and municipalities. Bridgepoint acquired a majority stake in the company in January 2022 in order to further accelerate its growth together with shareholder Porsche Automobil Holding SE. Since 2023 PTV Group and Econolite are united under the brand Umovity.
Umovity (PTV Group & Econolite). Mobility for Humanity.
Umovity is a global market leader for end-to-end traffic management and transportation technology that takes a holistic approach to provide safer, smarter, and more sustainable Mobility for Humanity. Uniting the best-in-class solutions for intelligent traffic management systems, cloud-based adaptive traffic control, real-time traffic management software, controllers, cabinets, and sensor products by Econolite, and simulation and predictive modelling software by PTV, Umovity enables innovators and decision makers in politics, municipalities, and industry to shape smart and livable communities, multimodal mobility, as well as Connected and Autonomous Vehicles (CAV). For more information, visit www.umovity.com .
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PTV Headquarters in Karlsruhe, Germany
Christian U. Haas, CEO of the PTV Group