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KPS AG: Preliminary figures for the first half of the fiscal year 2020/2021 and adjustment of the guidance for 2020/2021 in connection with the effects of the COVID-19 Pandemic

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KPS AG / Key word(s): Preliminary Results/Change in Forecast
KPS AG: Preliminary figures for the first half of the fiscal year 2020/2021 and adjustment of the guidance for 2020/2021 in connection with the effects of the COVID-19 Pandemic

04-May-2021 / 18:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

KPS AG: Preliminary figures for the first half of the fiscal year 2020/2021 and adjustment of the guidance for 2020/2021 in connection with the effects of the COVID-19 Pandemic

As part of the preparation of the key financial figures for the first half of the fiscal year 2020/2021, the Management Board of KPS AG currently assumes that Group revenues for the entire fiscal year 2020/2021 will be in a range of 5 - 9% and the Group EBITDA will be in a range of 3 - 5% below the level of the previous year 2019/2020.

According to the preliminary financial figures for the first half of the fiscal year 2020/2021, the KPS Group's revenue fell from EUR 94.2 million to EUR 76.9 million compared with the same period of the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the KPS Group amounted to EUR 11.4 million for the first half of the fiscal year 2020/2021, compared with EUR 13.1 million in the same period of the previous year. The main reasons for the decline in sales are the ongoing COVID 19 pandemic and, in particular, the impact of the longer-than-expected lockdown measures on the business situation of some customers, who have paused or postponed their projects in individual cases.

KPS AG will already publish the final figures for the first half of the fiscal year 2020/2021 with the full half-year report on 18 May 2021.

Leonardo Musso
Sole member of Management Board

Unterföhring, 4 May 2021

Contact:
KPS AG
Beta Street 10H
85774 Unterföhring
Phone: +49 (0) 89 356 31-0
Fax: +49 (0) 89 356 31-3300
e-mail: ir@kps.com
 

04-May-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

1192462


 

End of Announcement

DGAP News Service

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