Unterföhring/Munich, 29 July 2019 – KPS AG (WKN: A1A6V4 / ISIN: DE000A1A6V48), Europe’s leading management consultant for business transformation and process optimization, succeeded in increasing sales by 6.9 % from 41.9 million euros to 44.8 million euros in the 3rd quarter of 2018/2019 by comparison with the equivalent period of the previous year. By comparison with the first nine months of 2017/2018, sales accordingly went up by 4.4 % from 130.3 million euros to 136.0 million euros. The subsidiary companies ICE Consultants Europe S.L. and Infront Consulting & Management GmbH acquired in the previous business year have developed even more positively than expected since their integration in the KPS Group. Consequently, KPS had to increase the earn-out obligations for the two companies and this exerted a one-off negative impact of 1.2 million euros on the earnings before interest, income taxes and depreciation during the third quarter. EBITDA at 5.4 million euros was therefore 5.3 % below the year-earlier quarter (Q3 2017/2018: 5.7 million euros), which corresponds to an EBITDA margin of 12.1 % (Q3 2017/2018: 13.6 %). Adjusted for this one-off effect, EBITDA at 6.6 million euros would have been 15.8% higher than in the same quarter of the previous year. In a 9-month comparison, EBITDA at 18.7 million euros is significantly above the year-earlier comparison at 23.8 % (9M 2017/2018: 15.1 million euros). This corresponds to an EBITDA margin for the first nine months of 2018/2019 of 13.8 % (9M 2017/2018: 11.6 %).