EQS-News: KPS publishes results for the first six months of the 2023/2024 financial year

Montag, 06.05.2024 08:00 von DGAP - Aufrufe: 88

EQS-News: KPS AG / Key word(s): Half Year Results KPS publishes results for the first six months of the 2023/2024 financial year 06.05.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement.


KPS publishes results for the first six months of the 2023/2024 financial year

  • Revenue reaches EUR 75.9 million in the first six months of the 2023/2024 financial year.
  • Unadjusted EBITDA fell significantly to EUR -1.7 million and was primarily impacted by the unscheduled write-downs on receivables as a result of the insolvencies of the customers KaDeWe and The Body Shop totalling EUR 4.2 million as well as restructuring measures amounting to EUR 0.7 million. Adjusted EBITDA excluding these special effects was positive at EUR 3.2 million.
  • Measures to improve efficiency continue to be driven forward.

Unterföhring/Munich, 06 May 2024 - KPS AG (WKN: A1A6V4 / ISIN: DE000A1A6V48), Europe's leading management consultancy for digital transformation and process optimisation in retail, has published its results for the first six months of the 2023/2024 financial year.

In the first six months of the 2023/2024 financial year, KPS generated revenues of EUR 75.9 million (previous year: EUR 94.7 million). This corresponds to a 19.8% decline in revenue compared to the same period last year. On the one hand, there was a slow recovery in demand. As some existing projects entered the maturity phase at the same time, the growth from new projects was not sufficient to compensate for the decline in existing business.

Several negative factors lead to significant decline in earnings

KPS reacted to the weak revenue trend in the first half of the year and took countermeasures. Capacities were adjusted to reflect current project demand. A significant part of the adjustment was achieved through staff turnover, but restructuring measures had to be introduced in some areas, which led to extraordinary expenses totalling EUR 0.7 million.

The results for the first half of 2023/2024 were also negatively impacted by impairments totalling EUR 4.2 million as a result of the insolvency of the KaDeWe Group and The Body Shop.

Overall, unadjusted EBITDA fell by 122.1% to EUR -1.7 million in the first half of 2023/2024 (previous year: EUR 7.6 million) due to the aforementioned reasons. Excluding the two special effects mentioned above, adjusted EBITDA was positive at EUR 3.2 million.

Confirmation of the forecast for the 2023/2024 financial year

In the first six months of the 2023/2024 financial year, some of the sales were generated with projects that are in the final or mature phase. This had a negative impact on revenue development, as sales typically decline in the maturity phase of a project. Demand for new projects has increased and new customers have been acquired. KPS therefore anticipates revenue growth in the second half of the year.

KPS confirms the forecast published on 7 March 2024 and assumes that revenue will be in the range of EUR 164 million to EUR 167 million compared to the financial year 2022/2023 (EUR 177.8 million). The Executive Board expects EBITDA to be between EUR 11.5 million and EUR 13.0 million.

06 May 2024 KPS AG The Executive Board About KPS AG

KPS successfully guides companies on their paths to digitalisation, from strategy to customer interaction to the operational core business. As a leading transformation partner for the retail industry, KPS is the first choice for companies that rely on a state-of-the-art customer experience platform architecture. The industry-specific KPS Instant Platforms unify all processes in a single business platform – end-to-end from customer interaction to operations to finance, implemented with best-in-class technology components in a future-proof high-performance design and flexible infrastructure. They are modular, scalable, and greatly increase the speed of process-driven transformation programmes. With ready-to-use products and innovative solutions, market-leading technologies and a strong partner network, we create sustainable added value for our customers. Platformise your transformation. www.kps.com KPS AG Beta-Straße 10H 85774 Unterföhring Phone: +49 (0) 89 356 31-0 Fax: +49 (0) 89 356 31-3300 E-mail: ir@kps.com


06.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com


Language: English
Company: KPS AG
Beta-Str. 10 h
85774 Unterföhring
Germany
Phone: +49 (0)89 356 31-0
Fax: +49 (0)89 356 31-3300
E-mail: ulrike.schaefer@kps.com
Internet: www.kps.com
ISIN: DE000A1A6V48
WKN: A1A6V4
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1895669
 
End of News EQS News Service

1895669  06.05.2024 CET/CEST

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