from KPS AG (isin : DE000A0STZE9)
EQS-Adhoc: KPS AG: Adjustment of the forecast for the financial year 2023/2024 due to persistently weak demand in the retail sector
EQS-Ad-hoc: KPS AG / Key word(s): Change in Forecast
KPS AG: Adjustment of the forecast for the financial year 2023/2024 due to persistently weak demand in the retail sector
23-Jul-2024 / 12:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
KPS AG: Adjustment of the forecast for the financial year 2023/2024 due to persistently weak demand in the retail sector
KPS AG achieved revenues of € 111.0 million and an EBITDA of € 3.6 million in the first nine months of the business year 2023/2024. Against the backdrop of persistently weak demand in the retail sector, the Executive Board of KPS AG is adjusting its forecast published on 7 March 2024. For the current business year 2023/2024, the Executive Board of KPS AG now assumes that Group revenue will be in a range between € 143 million and € 149 million compared to the original forecast. Group EBITDA is expected to amount to between € 5.4 million and € 5.7 million. Adjusted for extraordinary write-downs due to the insolvencies of KaDeWe and The Body Shop as well as restructuring expenses, the expected Group EBITDA would amount to between € 10.8 million and € 11.1 million.
In the current business year, KPS AG has so far been able to achieve an overall increase in new orders and acquire new customers. However, the resulting positive effects will only have a proportionate impact in the 2023/2024 financial year. The cost-cutting measures initiated to date are proceeding according to plan and, in the view of the Executive Board, will contribute to strengthening the earnings situation in the long term.
The full financial figures for the third quarter 2023/2024 will be published on 25 July 2024.
Leonardo Musso
Sole member of Executive Board
Unterföhring, 23 July 2024
Contact:
KPS AG
Beta Street 10H
85774 Unterföhring
Phone: +49 (0) 89 356 31-0
Fax: +49 (0) 89 356 31-3300
E-mail: ir@kps.com
End of Inside Information
23-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| 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: | ir@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: | 1952213 |
| End of Announcement | EQS News Service |
1952213 23-Jul-2024 CET/CEST