KPS Reveals 6-Month Financial Results for 2023/2024 - An Inside Look

• KPS AG has published its results for the first six months of the 2023/2024 financial year, with revenue reaching EUR 75.9 million.
• Unadjusted EBITDA fell significantly to EUR -1.7 million, primarily impacted by unscheduled write-downs on receivables due to the insolvencies of customers KaDeWe and The Body Shop, totalling EUR 4.2 million, and restructuring measures amounting to EUR 0.7 million.
• Adjusted EBITDA, excluding these special effects, was positive at EUR 3.2 million.
• KPS experienced a 19.8% decline in revenue compared to the same period last year, due to a slow recovery in demand and the maturity phase of some existing projects.
• Despite the weak revenue trend, KPS confirms its forecast for the 2023/2024 financial year, expecting revenue to be in the range of EUR 164 million to EUR 167 million and EBITDA to be between EUR 11.5 million and EUR 13.0 million.
• KPS AG is Europe's leading management consultancy for digital transformation and process optimisation in retail.

The next important date, Announcement of the figures for the first half of 2023/2024, at KPS is on 06.05.2024.

The price of KPS at the time of the news was 1,1825EUR and was up +0,21 % compared with the previous day.

KPS

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-79,88 %

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ISIN:DE000A1A6V48WKN:A1A6V4

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