Unterföhring/Munich, 13 February 2017 – KPS successfully continued its strong performance during the 1st quarter of 2016/2017. Group sales increased by 17.2 percent to 40.3 million euros (Q1 2015/2016: 34.4 million euros). Group EBIT was increased by 10.3 percent to 6.4 million euros (Q1 2015/2016: 5.8 million euros). The Executive Board confirms the forecast for the current business year 2016/2017.
KPS AG (WIN: A1A6V4 / ISIN: DE000A1A6V48), Germany’s leading management consulting firm for business transformation and process implementation in the retail sector, posted an increase in the volume of orders booked for the first quarter of 2016/2017 (1 October 2016 to 31 December 2016) in line with expectations. Growth stimuli were generated in particular by new projects outside Germany and these initiatives confirm the internationalization strategy of the management.
In the 1st quarter of 2016/2017, sales and earnings underwent a significant increase. KPS AG therefore continued the strong performance of the previous business year. Provisional unaudited IFRS Group figures indicate that sales went up by 17.2 percent to 40.3 million euros (Q1 2015/2016: 34.4 million euros). The operating result (EBIT) went up by 10.3 percent from 5.8 million euros to 6.4 million euros. The EBIT margin amounted to 15.9 percent (Q1 2015/2016: 16.9 percent) and was therefore in line with expectations. During the reporting period, earnings after taxes increased by 6.0 percent to 5.3 million euros (Q1 2015/2016: 5.0 million euros).
The Executive Board and the management of KPS AG confirm the forecast for the current business year 2016/2017 with stable and profitable growth to Group sales of 160 million euros and EBIT of 25.0 million euros. This corresponds to an increase in sales of around 10 percent and an operating result of around 12 percent compared to the previous business year. These projected figures include contributions from Saphira Consulting A/S, Denmark, purchased at the beginning of 2017. Alongside the increase in sales, KPS is focusing consistently on sustainable optimization of earnings margins. The Supervisory Board and the Executive Board of KPS AG are maintaining their strategy of driving forward internationalization.
The comprehensive quarterly release on the 1st quarter 2016/2017 can be downloaded from the Internet at https://www.kps.com.
Unterföhring, 13 February 2017
The Executive Board
Important note: The forecast 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 press release and does not assume any liability in this respect.