120 million threshold for sales significantly exceeded. Group sales were increased from 111.1 million to 122.9 million. Group EBIT went up from 16.7 million to 18.6 million. Equity ratio at 58.5 %. Dividend proposal of 30 eurocents per share.
KPS AG, Germany’s leading management consultant for business transformation and process optimization, continued its successful performance in the business year 2014/2015 and achieved record figures for sales and earnings.
According to the audited results of the past business year, net Group sales were increased to 122.9 (previous year: 111.1) million euros. The value for the previous year was therefore increased by 11.8 million euros or 10.7 percent.
The increase in Group EBIT was even more marked. Group EBIT also achieved a record value with 18.6 (previous year: 16.7) million euros and went up by 1.9 million euros or 11.5 percent compared with the previous year.
This performance is primarily due to the acquisition of transformation projects at major customers in our focus segments of the retail sector and the consumer goods industry, accompanied by increasing demand for highly integrated system solutions and innovative software technologies for the digital economy. Additional factors contributing to the good profit situation at KPS were optimum utilization management of our consultant teams and efficient cost management. KPS is established on an outstanding financial platform with a current equity ratio now of 58.5 percent.
The Annual Report published today on our home page contains additional figures and details on the business year 2014/2015.
Business year 2015/2016 with ongoing growth momentum.
The Executive Board and management of KPS assess the overall situation of the company as being very positive. Planning for the business year 2015/2016 assumes continuing growth. During the current business year, we anticipate an increase in sales to a projected figure of 140 million euros and EBIT of 22 million euros.
Our forecast is based on the facts and forecasts for business and economic developments currently known. This entails the risk that if destabilizing events occur the forecast sales and earnings targets may not be achieved.
Business year 2015/2016 posts gratifying development in the first quarter.
Performance of sales and earnings was also very positive during the first quarter of the new business year 2015/2016.
In view of the gratifying business performance during the course of the business year 2014/2015 and the positive development in the first quarter of the current business year, the Supervisory Board and the Executive Board will recommend to the Annual General Meeting to be held on 15 April 2016 that a payout of a dividend should be made amounting to 30 cents per share.
Unterföhring, 29 January 2016
The Executive Board
This news release contains forward-looking statements which are based on certain assumptions and estimates made by the company management of KPS AG. Even if the company management is of the opinion that these assumptions and estimates are appropriate, the actual future development and the actual future results may deviate substantially from these assumptions and estimates on account of a variety of different factors. These factors may include, for example, changes in the macroeconomic situation, exchange rates, interest rates, and changes in market development and changes in the competitive situation. KPS AG does not guarantee that the actual results achieved in future will be in accordance with the assumptions and estimates made in this interim statement and does not assume any liability in this respect.