In addition to the sales growth achieved, the proportionately lower rise in total expenses was a key factor for the encouraging development of operating profit. The EBITDA margin rose from 13.1 % to 15.6 %. KPS thereby highlights that its business model and its flexible cost structures are working effectively.
EBIT in the third quarter of 2020/2021 amounted to 4.6 million and was therefore 85.6 % above the value for the prior year third quarter. The EBIT margin improved from 6.9 % to 11.2 %.
Sales in the first nine months of the current business year declined by 9.2 % to 118.0 million euros. It is important to note that during the first nine months of the prior financial year, three months were negatively influenced by the effects of the pandemic, whereas during the nine-month period of the current financial year, all nine months have been impacted by COVID-19 effects. The decline in sales was caused primarily by the pandemic-related reservations in a number of existing and potential new customers following transformation projects.
The effect of the business model and flexible cost structures also exerted an impact over the nine-month period. KPS achieved an EBITDA of 17.8 million euros for the nine-month period which was at the level of the year-earlier period. (prior year period: 17.7 million euros). The EBITDA margin improved from 13.6 % to 15.1 %.
Earnings after income taxes rose by 101,3 % to 3.4 million euros. The earnings per share improved from 4 euro cents to 9 euro cents.
The Executive Board confirms the outlook for the business year 2020/2021 and assumes that Group sales will be in a corridor between 5 % and 9 % while the Group EBITDA will be in a corridor from 3 % to 6 % below the respective level for the business year 2019/2020.
23. July 2021
The Executive Board