EQS-News

tick Trading Software AG confirms preliminary figures with 2022/2023 annual financial statements: 'Our business is developing according to plan.”

EQS-News: tick Trading Software AG / Key word(s): Annual Results/AGM/EGM tick Trading Software AG confirms preliminary figures with 2022/2023 annual financial statements: 'Our business is developing according to plan.” 14.12.2023 / 16:09 CET/CEST The issuer is solely responsible for the content of this announcement. net profit of EUR 886 thousand significantly above April 2023 forecast Proposed dividend of €0.45 per share Annual General Meeting planned for April 2024 Düsseldorf December 14, 2023 - tick Trading Software AG (WKN: A35JS9 / ISIN: DE000A35JS99) confirms the preliminary figures for the 2022/2023 financial year published on 3 November with its final annual financial statements. The Supervisory Board of the specialist for platform solutions for global exchange trading has already approved the audited annual financial statements. Accordingly, the company closed the financial year ending 30 September 2023 with a net profit of EUR 886 thousand. Although this represents a decrease of 47.9% compared to the previous year's figure of EUR 1,699 thousand, it is well above the forecast published in April (EUR 400 to 800 thousand). "Our business is developing according to plan. The progress of our 'BOOSTER' investment programme is also in line with our expectations," explains Carsten Schölzki, CEO of tick Trading Software AG (tick-TS). The weakening of trading activities on the stock exchanges and the price increases at many suppliers continued to exert pressure on tick-TS AG's operating business in the 2022/2023 financial year. The company was therefore unable to compensate for the associated loss of revenue from load-dependent remuneration, resulting in total revenue of EUR 8,001 thousand; this corresponds to a decline of 6.6% compared to the same period of the previous year (EUR 8,570 thousand). However, tick-TS's customer base remained largely stable despite the turbulent market situation. The company further expanded the number of co-operation agreements, for example. In the first half of the 2022/2023 financial year, for example, tick-TS gained another domestic bank as a partner: Baader Bank AG. "One of the things that convinces both existing and new customers is the reliability and performance that our technology offers them," continues Carsten Schölzki. The overall tick-TS system on offer achieved the forecast availability of more than 99.99%.