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EQS-News: KPS AG / Key word(s): Half Year Results
KPS publishes results for the first six months of the 2023/2024 financial year
2024-05-06 / 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
2024-05-06 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

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1895669 2024-05-06 CET/CEST

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May 06, 2024 02:00 ET (06:00 GMT)