KPS AG: 100 million threshold significantly exceeded by sales
Germany’s leading management consultant for business transformation and process optimization continued its successful performance in the business year 2013/2014 and achieved record values for sales and earnings.
KPS AG, Germany’s leading management consultant for business transformation and process optimization continued its successful performance in the business year 2013/2014 and achieved record values for sales and earnings.
According to the audited results of the past business year, net Group sales were increased to 111.1 (previous year: 97.0) million euros. The value for the previous year was therefore increased by 14.1 million euros or 14.5 percent.
The increase in Group EBIT was even more marked. Group EBIT also achieved a record value with 16.7 (previous year: 12.5) million euros and went up by 4.2 million euros or 33.1 percent compared with the previous year.
This performance is primarily due to the acquisition of transformation projects at major customers in our focus segments of the retail sector and the consumer goods industry, accompanied by increasing demand for highly integrated system solutions and innovative software technologies for the digital economy.
Additional factors contributing to the good profit situation at KPS were optimum utilization management of our consultant teams and efficient cost management.
KPS is established on a robust financial platform with a current equity ratio now of 52.9 percent.
The Annual Report published today on our home page contains additional figures and details on the business year 2013/2014.
Business year 2014/2015 with ongoing growth momentum.
The Executive Board and management of KPS assess the overall situation of the company as being very positive and they view the future with optimism.
Planning for the business year 2014/2015 assumes continuing growth. During the current business year, we anticipate an increase in sales to a projected figure of 120 million euros and EBIT of 18 million euros.
Our forecast is based on the factors and forecasts for business and economic developments currently known today. This entails the risk that if destabilizing events occur the forecast sales and earnings targets may not be achieved.
Business year 2014/2015 posts successful development in the first quarter.
Performance of sales and earnings was in line with expectations during the first quarter of 2014/2015.
In view of the gratifying business performance during the course of the business year 2013/2014 and the positive development in the first quarter of the current business year, the Supervisory Board and the Executive Board will recommend to the Annual General Meeting to be held on 27 March 2015 that a payout of a dividend should be made amounting to 28 cents per share.
Unterföhring, 30 January 2015
The Executive Board
This news release contains forward-looking statements which are based on certain assumptions and estimates made by the company management of KPS AG. Even if the company management is of the opinion that these assumptions and estimates are appropriate, the actual future development and the actual future results may deviate substantially from these assumptions and estimates on account of a variety of different factors. These factors may include, for example, changes in the macroeconomic situation, exchange rates, interest rates, and changes in market development and changes in the competitive situation. KPS AG does not guarantee that the actual results achieved in future will be in accordance with the assumptions and estimates made in this interim statement and does not assume any liability in this respect.