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Business model and flexible cost structures take effect - KPS with 37,1 % EBITDA growth in the third quarter

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DGAP-News: KPS AG / Key word(s): Quarterly / Interim Statement
23.07.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

Business model and flexible cost structures take effect - KPS with 37,1 % EBITDA growth in the third quarter

- Q3 2020/2021 EBITDA + 37.1 % - nine-month EBITDA flat at 17.8 million euros

- Sales in the third quarter 2020/2021 increased by +15.0 % - Nine-month sales declined by 9.2 % due to the COVID-pandemic

- Confirmation of the forecast for the business year 2020/2021


Unterföhring/Munich, 23 July 2021 - KPS AG (WKN: A1A6V4 / ISIN: DE000A1A6V48), Europe's leading management consultant for digital transformation and process optimization in retail, publishes figures for the third quarter of 2020/2021. In a difficult environment continuing to be defined by the pandemic, KPS succeeded in performing well under ongoing difficult circumstances. During the third quarter of 2020/2021, KPS increased sales by 15.0 % to 41.0 million euros compared to the prior year quarter, while EBITDA grew by 37.1 % to 6.4 million euros.

In addition to the sales growth achieved, the proportionately lower rise in total expenses was a key factor for the encouraging development of operating profit. The EBITDA margin rose from 13.1 % to 15.6 %. KPS thereby highlights that its business model and its flexible cost structures are working effectively.

EBIT in the third quarter of 2020/2021 amounted to 4.6 million and was therefore 85.6 % above the value for the prior year third quarter. The EBIT margin improved from 6.9 % to 11.2 %.

Sales in the first nine months of the current business year declined by 9.2 % to 118.0 million euros. It is important to note that during the first nine months of the prior financial year, three months were negatively influenced by the effects of the pandemic, whereas during the nine-month period of the current financial year, all nine months have been impacted by COVID-19 effects. The decline in sales was caused primarily by the pandemic-related reservations in a number of existing and potential new customers following transformation projects.

The effect of the business model and flexible cost structures also exerted an impact over the nine-month period. KPS achieved an EBITDA of 17.8 million euros for the nine-month period which was at the level of the year-earlier period. (prior year period: 17.7 million euros). The EBITDA margin improved from 13.6 % to 15.1 %.

Earnings after income taxes rose by 101,3 % to 3.4 million euros. The earnings per share improved from 4 euro cents to 9 euro cents.

The Executive Board confirms the outlook for the business year 2020/2021 and assumes that Group sales will be in a corridor between 5 % and 9 % while the Group EBITDA will be in a corridor from 3 % to 6 % below the respective level for the business year 2019/2020.

23 July 2021


The Executive Board

About KPS AG
KPS successfully accompanies companies on their digitisation journey, from strategy to customer interaction to core operations. As a leading transformation partner for the retail industry, KPS is also the first choice for those companies that have their sights set on a state-of-the-art customer experience platform architecture. The industry-specific KPS Instant Platforms unite all processes on a single business platform - end-to-end from customer interaction to operations to finance, implemented with the best 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.

23.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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