EQS-News

tick Trading Software AG confirms preliminary figures with 2022/2023 annual financial statements: 'Our business is developing according to plan.” - Seite 2

The "BOOSTER" product innovation programme also had an impact on tick-TS AG's earnings situation in the past financial year. The planned expenses for external services in connection with "BOOSTER" led to a significant increase in other operating expenses compared to the previous year of EUR 466 thousand to EUR 3,288 thousand.

Earnings before taxes (EBT) fell by EUR 1,206 thousand to EUR 1,304 thousand (same period in the previous year: EUR 2,510 thousand). After deducting corporation tax, trade tax, solidarity surcharge and other taxes, this resulted in a net profit for the 2022/2023 financial year of EUR 886 thousand (prior-year period: EUR 1,699 thousand). The annual result was therefore significantly higher than the forecast of EUR 400 to 800 thousand published by the company in April of this year. This was due to the lower than planned expenses for the "BOOSTER" programme.

"BOOSTER" was launched in the second half of the 2021/2022 financial year with the aim of providing a modern, modular, future-proof technology alongside the previous JAVA-based platform and creating a scalable solution that can serve as a white-label solution for partners and customers. In this way, tick-TS AG aims to raise its offering to an even higher level and thus make it even more attractive for existing and potential new customers. "In the 2023/2024 financial year, we expect to complete the 'BOOSTER' programme, which has so far fully met our expectations. Its end will have a dual impact: On the one hand, we will once again be state of the art on the product side, including offering the go-live of another version of the TBMX trading front end - on the other hand, expenses will be reduced accordingly in terms of figures," Carsten Schölzki continues.

As at the balance sheet date, equity totalled EUR 3,140 thousand (previous year: EUR 3,946 thousand). The equity ratio increased to 78.1% (previous year: 59.1%).

Cash and cash equivalents decreased by EUR 2,686 thousand. Cash flow from operating activities totalled EUR -820 thousand after EUR 442 thousand in the same period of the previous year. The decline is mainly due to the net income for the year in connection with the increase in assets and the decrease in provisions. The cash flows from investing activities (EUR -176 thousand) and financing activities (EUR -1,691 thousand) result from the expenses for investments in fixed assets and from the dividend paid out in 2023. Overall, the tick-TS Executive Board summarises: "The liquidity and financial position of tick-TS remains very good."