Ad hoc announcements, corporate news and all voting rights announcements

KPS AG (WKN A1A6V4 / ISIN DE000A1A6V48) is adjusting its revenue and EBITDA forecast for the 2024/2025 financial year against the backdrop of increasing weakness in demand in the retail sector. Accordingly, the Management Board of KPS AG now expects consolidated revenue for the 2024/2025 financial year to be between €118.0 million and €122.0 million.

The shares of KPS AG (“Company”) (WKN A1A6V4 / ISIN DE000A1A6V48) are admitted to trading on the regulated market of the Frankfurt Stock Exchange and to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard).

KPS AG achieved revenues of € 111.0 million and an EBITDA of € 3.6 million in the first nine months of the business year 2023/2024. Against the backdrop of persistently weak demand in the retail sector, the Executive Board of KPS AG is adjusting its forecast published on 7 March 2024.

The Executive Board of KPS AG (“Company”) resolved on 7 March 2024 with the approval by the Supervisory Board of the same day to increase the share capital of the Company against cash contributions by issuing new registered shares with a proportionate amount of the share capital of EUR 1.00 per no-par value share of the Company (“New Shares”) by partially utilising the authorised capital and with simplified exclusion of the subscription rights of shareholders in accordance with Sec. 203 (1) and (2) in conjunction with Sec. 186 (3) sentence 4 AktG (“Capital Increase”).

KPS AG announces that its wholly owned subsidiary KPS Transformation GmbH was informed today by its client The KaDeWe Group GmbH (KaDeWe) about the filing of an application for the opening of insolvency proceedings in self-administration with the Charlottenburg Local Court on 26 January 2024 and the court’s decision on 29 January 2024 to order provisional self-administration and appoint a provisional administrator until a decision is made on the aforementioned insolvency application.
Due to the aforementioned circumstances, the publication of the annual and consolidated financial statements together with the combined report of KPS AG for the financial year 2022/2023, which was planned for 30 January 2024, has been postponed.

In the notice of the Annual General Meeting for the financial year 2021/2022 published in the Federal Gazette on 30 March 2023, the management of KPS AG proposed under agenda item 2 to distribute a dividend of EUR 0.19 per no-par value share entitled to dividend. The Executive Board and the Supervisory Board today passed a resolution, amending the proposal for the appropriation of profits.

The Executive Board of KPS AG revises its forecast published on 6 January 2023. For the current financial year 2022/2023, the Executive Board of KPS AG currently expects consolidated revenues to be slightly below the previous year’s level (FY 2021/2022: EUR 179.5 million) and consolidated EBITDA to be in a range between EUR 11 million and EUR 14 million.

In the context of the preparation of the key financial figures for the first half of the 2020/2021 financial year, the Management Board of KPS AG currently assumes that consolidated revenue will be in a range of 5 – 9% and consolidated EBITDA in a range of 3 – 6% below the respective level of the previous year 2019/2020 for the entire 2020/2021 financial year .

The Management Board and the Supervisory Board of KPS AG today resolved to propose to the Annual General Meeting on 25 September 2020 to distribute a dividend of EUR 0,17 per share for the financial year 2018/2019.