Ad-hoc
As part of the final preparation of the financial statements for the first half of the year, the Executive Board today revised the forecast for fiscal year 2017/2018 of an expected EBIT of EUR 16 to EUR 20 million (previously EUR 23 to EUR 26 million).
Revenues in the first half of 2017/2018 amounted to EUR 88.4 million. Operating performance, expressed in earnings before interest, taxes, depreciation and amortization (EBITDA), amounted to EUR 9.4 million. EBIT amounted to EUR 7.5 million. M&A-related write-downs for subsidiaries totaling around EUR 1.5 million as part of the purchase price allocation (PPA) carried out in consultation with the auditors had a negative impact on earnings before interest and taxes (EBIT). This was related to the four acquisitions made last year. Despite a significant increase in earnings before interest, taxes, depreciation and amortization (EBITDA) in the second quarter compared to the first quarter of 2017/2018, the Executive Board does not currently expect, based on conservative planning, that various effects on earnings can be fully offset over the course of the year. The report for the first half of the year will be published as planned on Wednesday, May 30, 2018.
Explanations of the alternative financial ratios used (Alternative Performance Measures (APM)) can be found on the website of KPS AG (available at https://www.kps.com/en/investor-relations/announcements.html).
Leonardo Musso
Sole Executive Board Member
Unterföhring, May 29, 2018
