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PRESS RELEASE: KPS WITH STABLE SALES IN THE 1ST QUARTER OF 2019/2020

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DGAP-News: KPS AG / Key word(s): Quarterly / Interim Statement
KPS WITH STABLE SALES IN THE 1ST QUARTER OF 2019/2020

2020-02-14 / 07:29
The issuer is solely responsible for the content of this announcement.

*KPS WITH STABLE SALES IN THE 1ST QUARTER OF 2019/2020*

· Sales of 44.7 million euros at year-earlier level

· EBITDA in the amount of 5.9 million euros impacted by earn-out
obligations and significantly increased expenses for acquisitions of new
transformation initiatives

Unterföhring/Munich, 14 February 2020 - In the first quarter of 2019/20,
sales of KPS AG (WKN: A1A6V4 / ISIN: DE000A1A6V48) at 44.7 million euros
were slightly above the year-earlier quarter at 0.7 % (44.4 million euros)
and developed in accordance with the expectations of the Executive Board. In
particular, sales drivers were the international activities of KPS AG and a
continued good and balanced mix with ongoing projects which, in accordance
with the strategy of KPS, are in differing project phases.

*EBITDA impacted by earn-out effects and significantly increased sales
activities*

As a result of one-off effects and a strong increase in sales expenses,
EBITDA came down by 10.4% to 5.9 million euros in the first quarter of
2019/20 by comparison with the equivalent year-earlier period. Accordingly,
the EBITDA margin fell to 13.3 % (year-earlier quarter: 14.9 %). Once again,
the key one-off effect resulted from the positive development of acquired
companies, which was significantly above expectations, in particular ICE
Consultants Europe S.L. KPS therefore had to increase the earn-out
obligations for acquired companies, which led to a one-off,
non-cash-effective additional expense in the amount of 0.6 million euros in
the previous quarter. In the absence of this obligation, EBITDA would have
been 6.5 million euros, which would correspond to a slight fall of 1.5 %
compared with the equivalent year-earlier period.

In the first quarter of 2019/20, KPS also posted sales expenses
significantly above the normal range because several transformation
initiatives are in the acquisition phase.

EBIT was also influenced by increased depreciation and amortization owing to
first-time application of IFRS 16. Accordingly, EBIT came down to 4.1
million (Q1 2018/19: 5.8 million) euros in comparison with the year-earlier
quarter. Earnings after taxes (2.8 million euros) were 1.1 million euros
below the year-earlier result of 3.9 million euros, with earnings per share
amounting to 0.08 euros (Q1 2018/19: 0.10 euros).

*Sales and EBITDA forecast confirmed*

The Executive Board and Management of KPS AG continue to assume that stable
growth will be ongoing in the current business year and confirm the forecast
for the business year 2019/2020 issued in January 2020. A slight increase in
sales to between 181 million and 191 million euros is expected and a
significant increase in EBITDA to an amount within the corridor between 28
million and 36 million euros. The Supervisory Board and the Executive Board
of KPS AG are maintaining their strategy of continuing to drive forward
innovation, industrialization, and internationalization.

14 February 2020

KPS AG
The Executive Board

*About KPS*

KPS is Europe's leading partner for companies who require a radical
realignment of their business model to fulfil their customer requirements
and simultaneously wish to implement innovative digital processes and
technologies in their business. KPS provides everything, from strategy
consulting to industry-specific process chains and the implementation of the
latest technology. KPS's team advises companies end-to-end and integrates
merchandise management, B2B and B2C e-commerce with marketing and sales
processes. In a digital world with the customer in focus, the ability to
implement projects rapidly is a significant competitive advantage. The KPS
Rapid-Transformation(R) method accelerates projects by up to 50 percent. The
experience and industry knowledge KPS consultants possess ensures the
success of every project. With around 1,100 consultants in 9 countries, KPS
is continuously expanding its global market position via cutting edge
projects in digital and technological change.

*Reshape and transform rapidly. Your business in a digital world.
*www.kps.com [1]

*KPS AG*
Beta-Straße 10H
85774 Unterföhring
Telefon: +49 (0) 89 356 31-0
Telefax: +49 (0) 89 356 31-3300
E-Mail: ir@kps.com

2020-02-14 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: KPS AG
Beta-Str. 10 h
85774 Unterföhring
Germany
Phone: +49 (0)89 356 31-0
Fax: +49 (0)89 356 31-3300
E-mail: isabel.hoyer@kps.com
Internet: www.kps.com
ISIN: DE000A1A6V48
WKN: A1A6V4
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
EQS News ID: 975419

End of News DGAP News Service

975419 2020-02-14


1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=aa20e1cd22553f89a4840faf16e41940&application_id=975419&site_id=vwd&application_name=news


(END) Dow Jones Newswires

February 14, 2020 01:29 ET ( 06:29 GMT)
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