KPS AG: Forecast adjustment for fiscal year 2017/2018 and publication of half-year results
May 29, 2018 at 01:10 pm EDT
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DGAP-Ad-hoc: KPS AG / Key word(s): Change in Forecast
KPS AG: Forecast adjustment for fiscal year 2017/2018 and publication of half-year results
29-May-2018 / 19:07 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: Forecast adjustment for fiscal year 2017/2018 and publication of half-year results
Munich, May 29, 2018 - KPS AG has adjusted its earnings forecast for the current fiscal year 2017/2018. As part of the final preparation of the financial statements for the first half of the year, the Executive Board today revised the forecast for fiscal year 2017/2018 of an expected EBIT of EUR 16 to EUR 20 million (previously EUR 23 to EUR 26 million). Revenues in the first half of 2017/2018 amounted to EUR 88.4 million. Operating performance, expressed in earnings before interest, taxes, depreciation and amortization (EBITDA), amounted to EUR 9.4 million. EBIT amounted to EUR 7.5 million. M&A-related write-downs for subsidiaries totaling around EUR 1.5 million as part of the purchase price allocation (PPA) carried out in consultation with the auditors had a negative impact on earnings before interest and taxes (EBIT). This was related to the four acquisitions made last year. Despite a significant increase in earnings before interest, taxes, depreciation and amortization (EBITDA) in the second quarter compared to the first quarter of 2017/2018, the Executive Board does not currently expect, based on conservative planning, that various effects on earnings can be fully offset over the course of the year. The report for the first half of the year will be published as planned on Wednesday, May 30, 2018.
Explanations of the alternative financial ratios used (Alternative Performance Measures (APM)) can be found on the website of KPS AG (available at https://www.kps.com/de.investor-relations.financial-publication.html).
29-May-2018 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:
isabel.hoyer@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
KPS AG is a Germany-based holding and consulting information technology (IT) company, which specializes in business transformation and process optimization. The main business areas are Strategy and Process Consulting, with focus on on retail, consumer goods industry and production as well as Process Optimization and Implementation for processes from planning to customer implementation, such as finance, wholesale, manufacturing, supply chain management, enterprise performance management, optimization and integration of product development. The portfolio is supplemented for Product Lifecycle Management; Enterprise Resource Planning, including document management concepts, workflow solutions, archiving; as well as System Architecture and Integration, such as creation and operation of server and storage infrastructures, managed services, development of SAP NetWeaver/PI and eSOA (Enterprise Service-Oriented Architecture) -based solutions. It has subsidiaries in Germany and Switzerland.
KPS AG 
