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KPS AG: Preliminary figures for the first half of 2020/2021 and adjustment of the forecast for 2020/2021 due to the impact of the COVID 19 pandemic

In the context of the preparation of the key financial figures for the first half of the financial year 2020/2021, the Executive Board of KPS AG currently assumes that the consolidated revenue for the entire financial year 2020/2021 will be in a range of 5 - 9 % and the consolidated EBITDA in a range of 3 - 6 % below the respective level of the previous year 2019/2020 .

According to the preliminary key financial figures for the first half of the 2020/2021 financial year, KPS Group revenue fell from €94.2 million to €76.9 million compared to the same period last year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the KPS Group for the first half of 2020/2021 amounted to €11.4 million, compared to €13.1 million in the same period of the previous year. The main reasons for the decline in revenue are the ongoing COVID 19 pandemic and, in particular, the impact of the longer-than-expected lockdown measures on the business situation of some customers, who have paused or postponed their projects in isolated cases.

 

KPS AG will publish the final figures for the first half of 2020/2021 with the full half-year report as early as 18 May 2021.

 

Leonardo Musso

Sole Director

 

Unterföhring, 4 May 2021

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