KPS publishes results for the third quarter of the 2022/2023 financial year
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EQS-News: KPS AG
/ Key word(s): Quarterly / Interim Statement
KPS publishes results for the third quarter of the 2022/2023 financial year
Unterfoehring/Munich, 27 July 2023 – KPS AG (WKN: A1A6V4 / ISIN: DE000A1A6V48), Europe’s leading consultancy for digital transformation and process optimisation in retail, today publishes its results for the third quarter of the 2022/2023 financial year. In the third quarter of the 2022/2023 financial year, KPS achieved revenues of € 42.2 million (previous year: € 44.9 million). This represents a decline in revenues of 6.1 % compared to the third quarter of the previous year. KPS' existing projects are developing as expected. However, persistently high inflation, increased financing costs and uncertainty in geopolitical developments are slowing new client growth in the markets and client segments relevant to KPS. Several negative factors lead to significant decline in earnings Personnel expenses are still a significant part of the cost base. Based on the emerging order trend in the past, KPS built up staff in the financial year 2021/2022 in order to cope with the increasing order volume, especially in the area of Digital Customer Interaction. The rising wages and salaries in combination with underutilisation in this area were a significant cost driver. In the course of the development of the market and project situation, KPS has adjusted the number of employees. This was accompanied by corresponding severance expenses. Overall, due to the aforementioned reasons, EBITDA declined by 70.8 % to € 1.4 million in the third quarter of 2022/2023 (previous year: € 4.7 million). EBIT was € - 0.6 million (previous year: € 2.9 million). Confirmation of the revised forecast for the financial year 2022/2023 Business development in the third quarter was in line with the expectations of the Executive Board. The Executive Board of KPS AG confirms the forecast revised on 26 April 2023. For the current financial year 2022/2023, the Executive Board of KPS AG currently expects consolidated revenues to be slightly below the previous year's level (FY 2021/2022: EUR 179.5 million) and consolidated EBITDA to be in a range between EUR 11 million and EUR 14 million.
27 July 2023 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
27.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| 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: | 1689203 |
| End of News | EQS News Service |
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1689203 27.07.2023 CET/CEST
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