KPS AG: Possible Receivables Loss from KaDeWe Group, Delays 2022/2023 Financial Report

• KPS AG announces potential loss of receivables from its client, The KaDeWe Group GmbH.
• The KaDeWe Group GmbH has filed for insolvency proceedings in self-administration with the Charlottenburg Local Court.
• There are outstanding payments from KaDeWe to KPS in the mid-single-digit million euro range, the recoverability of which is uncertain.
• The publication of the annual and consolidated financial statements of KPS AG for the financial year 2022/2023 has been postponed due to these circumstances.
• The impact of KaDeWe's insolvency on KPS AG's business figures for the past financial year and the forecast for the current financial year is currently uncertain.
• KPS AG will announce the new date for the publication of the financial statements for the 2022/2023 financial year in due course.

The next important date, Announcement of the financial statement figures for 2022/2023, at KPS is on 30.01.2024.

KPS

+0,44 %

-0,44 %

-1,74 %

-8,50 %

-60,49 %

-78,27 %

-83,28 %

-78,97 %

-60,89 %

ISIN:DE000A1A6V48WKN:A1A6V4

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