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

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.

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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


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   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
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1895669 06.05.2024 CET/CEST