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Virtual Annual General Meeting on 25 September 2020

Unterföhring/Munich, 29 September 2020

  • Activities of the Executive Board and Supervisory Board approved with a large majority
  • Dividend of EUR 0.17 per share resolved

Unterföhring/Munich, 29 September 2020 - KPS AG (WKN: A1A6V4 / ISIN: DE000A1A6V48), Europe’s leading management consultant for business transformation and process optimization, held its Virtual Annual General Meeting on 25 September 2020 for the financial year 2018/2019 without physical presence of shareholders in Munich. The entire meeting was held as a virtual general meeting and was transmitted in sound and image for the registered shareholders in the shareholder portal. 62.20 % of the share capital was represented at the Annual General Meeting by the voting right proxy of the Company or by exercising their voting right by electronic mail. In the course of the Annual General Meeting, the Executive Board reported on the operational development of the financial year 2018/2019 and the first three quarters of 2019/2020. In addition, the Executive Board presented the operational development in the current financial year and explained to the shareholders its strategy for dealing with the Covid-19 crisis.

All agenda items were approved with the required majority. The activities of the Executive Board and the Supervisory Board were approved for the past financial year 2018/2019 and a resolution was approved for the pay-out of a dividend amounting to EUR 0.17 for each no-par share entitled to a dividend. Baker Tilly GmbH & Co. KG Wirtschaftsprüfungsgesellschaft, Munich, was appointed as the auditor for the Company and the Group for the financial year 2019/2020. In addition, a new authorized capital 2020, an authorization to issue share options and a conditional capital 2020 I for servicing the share options, an authorization to acquire and use own shares, an authorization to issue option or convertible bonds, participation rights or profit participating bonds and a new conditional capital 2020 II for servicing these instruments as well as various amendments to the Articles of Association were resolved.

Leonardo Musso, Chief Executive Officer of KPS AG, commented: "In the financial year 2018/19, we were able to increase our revenues to EUR 180.7 million and, with an EBITDA margin of 12.5%, are still above the sector average. Total expenses remained unchanged from the previous year and the consolidated net income increased by a solid 24.5%. We were able to further diversify our customer base both geographically and across sectors and build a balanced project portfolio. Our consulting and product portfolio continues to be of high strategic relevance for our customers. In parallel, we are increasingly carrying out projects from remote locations, supported by digital concepts and the right technologies. This also allows us to keep our cost structures flexible. This not only underlines the success of our business model, all these measures have also benefited us particularly during the Corona crisis. We were able to react very quickly and our home office employees were able to support our customers in their projects as usual. As a result, we have been able to cushion the impact of the corona crisis on our consolidated revenues this year. We believe that we are still on the right track with our current business performance. We thank our employees, customers, suppliers and also our shareholders for their broad support and commitment. Only this has enabled us to master this crisis, to keep our employees and to maintain our services for our customers nearly frictionless and with the accustomed quality."

The voting results for the Virtual Annual General Meeting can be viewed on .

Unterföhring, 29 September 2020


Executive Board

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