10.08.2018
KPS AG DE000A1A6V48
DGAP-News: KPS AG: KPS publishes report on third quarter 2017/2018
DGAP-News: KPS AG / Key word(s): 9-month figures
KPS AG: KPS publishes report on third quarter 2017/2018
10.08.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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KPS publishes report on third quarter 2017/2018
Unterföhring/Munich, August 10, 2018 - KPS AG (WKN: A1A6V4 / ISIN:
DE000A1A6V48), Europe's leading management consultancy for business
transformation and process optimization, increased its sales by 5.5% in the
third quarter of its fiscal year 2017/2018 compared to the same quarter of
previous year from EUR 39.7 million to EUR 41.9 million. Earnings before
interest and taxes (EBIT) declined to EUR 4.6 million compared to EUR 5.9
million in the same period of the previous year due to M&A-related
depreciation and higher personnel costs. This equates to an EBIT margin of
10.9% (Q3 2016/2017: 14.8%). Earnings before interest, taxes, depreciation
and amortization (EBITDA) amounted to EUR 5.7 million compared to EUR 6.2
million in the third quarter of fiscal year 2016/2017.
The rise in revenue is mainly due to higher sales from the most recent
transformation projects acquired since the beginning of the year. Positive
effects were also generated by KPS's acquisitions, confirming the Executive
Board's sustained internationalization strategy. The positive effects from
the new projects are reflected in the EBITDA margin in particular, which
excludes the effects of depreciation and amortization in connection with the
acquisitions. The EBITDA margin of 13.6% in the third quarter improved
significantly compared to the half-year result (10.6%) to demonstrate the
increased profitability of KPS's operating business and underscore the
positive development of its acquisitions. In addition, KPS AG received
several coveted awards in recent months: The business magazine brand eins,
together with the statistics portal statista, once again awarded KPS and its
subsidiary Infront Consulting the Best Consultants ranking in several
categories. In 2018, KPS again made it to the top 10 of German management
consultancies by coming in 6th place in the list published by the market
research company Lünendonk. The TOP 100 competition did not select the most
innovative medium-sized companies in Germany until the end of June. KPS AG
is also one of the innovation leaders this year. Software solutions
developed by KPS made it into the best apps of the Initiative Mittelstand.
KPS also continues to rise in the annually published rankings of Internet
and e-commerce agencies.
"The results for the third quarter show that we are within the scope of our
planning and that our strategic efforts are beginning to pay off. While the
projects acquired in connection with our acquisitions are increasing their
sales contributions, we are of course continuing to work on the integration
process, which is having a negative impact on our results. With regard to
the EBITDA margin, however, we see that we will be able to return to the
profitability levels of recent years in the medium term. On the one hand, we
have a broader base due to our international expansion and, on the other
hand, we have reduced the sales concentration of individual customers by
acquiring several new projects. In summary, with this profitable structure
and reduced risks, we feel we are well positioned for further development.
In addition, our advances in the field of industrialization of consulting
will enable us to provide attractive services with a decreasing cost base,"
explains Leonardo Musso, CEO of KPS AG.
The Executive Board and management of KPS AG confirm the sales forecast for
fiscal year 2017/2018 of EUR 160 million to EUR 170 million and an operating
result (EBIT) of EUR 16 million to EUR 20 million. This includes the sales
contributions of ICE Consultants Europe SL, Barcelona, Spain, a company
acquired on October 2, 2017, Infront Consulting & Management GmbH, Hamburg,
Germany, and Envoy Digital Limited, London, UK, acquired at the beginning of
2018. The Supervisory Board and Executive Board of KPS AG also view the
results of the third quarter 2017/2018 as confirmation of the strategic
orientation.
The detailed quarterly release for the third quarter of fiscal year
2017/2018 is now available for download at www.kps.com
August 10, 2018
KPS AG
The Executive Board
About KPS
KPS is Europe's leading transformation consultancy for companies who want to
radically focus on the customer and realign their business processes and
technologies accordingly. KPS delivers everything from a single source:
strategy consulting, industry-specific process chains as well as the
implementation of the latest technologies. KPS is one of the few consulting
partners who advise their clients end-to-end and integrate ERP, B2B and B2C
commerce with Marketing & Sales processes. Especially in a digital world,
the capability to execute projects faster is a clear and significant
competitive advantage: The KPS Rapid-Transformation(R) methodology
accelerates projects by up to 50 percent. With around 1000 consultants in 12
countries, KPS continues to expand its market position by delivering
successful digital and technological transformation projects.
Reshape and transform rapidly. Your business in a digital world. 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: [email protected]
cometis AG
Tim Großheimann
Unter den Eichen 7
65195 Wiesbaden
Phone: +49 (0) 611 20 5855-64
e-mail: [email protected]
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10.08.2018 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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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: [email protected]
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
End of News DGAP News Service
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