DGAP-News

KPS increases revenue by 9.5% in the third quarter of 2021/2022

DGAP-News: KPS AG / Key word(s): Quarterly / Interim Statement KPS increases revenue by 9.5% in the third quarter of 2021/2022 21.07.2022 / 07:30 The issuer is solely responsible for the content of this announcement.

KPS increases revenue by 9.5% in the third quarter of 2021/2022

• Continued recovery in demand for ERP projects continues
• Revenue increases by 9.5 % to 44.9 million euros
• EBITDA and EBIT influenced by increased use of service providers and changed project mix
• KPS confirms forecast for the 2021/2022 financial year

 

Unterföhring/Munich, 21 July 2022 - KPS AG (WKN: A1A6V4 / ISIN: DE000A1A6V48), Europe's leading management consultancy for digital transformation and process optimisation in retail, publishes its results for the third quarter of 2021/2022.

 

Further revenue growth in the third quarter of 2021/2022

In the third quarter, KPS continued on its revenue growth path. The primary driver was the German market, where KPS recorded year-on-year revenue growth of 35.3 %. In addition, the revival in demand for ERP projects continued. Accordingly, revenues from ERP projects increased by 11.4 % to 27.2 million euros in the third quarter.

Overall, KPS achieved revenue growth of 9.5% in the third quarter of 2021/2022. Consolidated revenue thus amounted to 44.9 million euros (previous year: 41.0 million euros). 

 

Profit development influenced by several factors

The profit development in the third quarter was influenced by several factors. As in previous quarters, KPS increased the use of service providers and freelancers to serve the increased project volume. At the same time, prices for third-party services increased due to the shortages of IT and software specialists. Furthermore, the project and country mix has shifted. As a result of intense competition, project margins in the German market are generally below the level of projects in other European countries. Last but not least large multi-year ERP projects tend to have lower percentage margins than midsize e-commerce projects with a shorter lifecycle. In the third quarter of 2021/2022, revenue contributions from ERP projects in Germany were higher compared to the same period last year, with corresponding effects on profitability.