KPS AG Announces Third Quarter Financial Results for 2023/2024

KPS AG, a leading European consultancy in digital transformation and process optimization, has released its financial results for the third quarter of the 2023/2024 financial year. The company achieved revenue of €35.1 million, down from €42.2 million in the same period last year. However, EBITDA rose significantly to €5.2 million from the previous year's €1.4 million.

The increase in EBITDA is attributed to effective cost-cutting measures in materials and personnel expenses, alongside the reversal of provisions related to purchase price allocations from company acquisitions. KPS recorded pre-tax earnings of €3.1 million, a notable improvement from a loss of €1.0 million last year. Post-tax earnings also saw a rise to €2.2 million compared to a loss of €0.7 million in the previous year.

Efforts to enhance efficiency are ongoing, and the company has adjusted its financial forecast for the year. The revised forecast predicts group revenue between €143 million and €149 million and EBITDA between €5.4 million and €5.7 million. Adjusted EBITDA, excluding extraordinary write-downs due to insolvencies and restructuring costs, is expected to range from €10.8 million to €11.1 million.