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DGAP-Adhoc: KPS AG: Withdrawal of forecast for the current fiscal year

eqs_en 
0 0 27.04.20
DGAP-Adhoc: KPS AG: Withdrawal of forecast for the current fiscal year
 

DGAP-Ad-hoc: KPS AG / Key word(s): Change in Forecast
KPS AG: Withdrawal of forecast for the current fiscal year

27-Apr-2020 / 07:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

KPS AG: Withdrawal of forecast for the current fiscal year

The KPS AG Management Board is currently unable to make a reliable estimate regarding how the ongoing COVID-19 pandemic will affect the economic situation of the KPS group's existing and potential customers or their demand behaviour. Consequently, the resulting effect on KPS AG's sales and earnings performance for the 2019/2020 financial year cannot be quantified with sufficient reliability at present. Against this background, the Management Board has decided to withdraw its forecast for the 2019/2020 financial year published on 24 January 2020. From today's perspective, the forecasted revenue of €181-191 million and EBITDA of €28-36 million are conditional upon too many uncertainties to maintain the respective forecasts. Due to the dynamics of the developments in connection with the COVID-19 pandemic, the Management Board is refraining from issuing a new forecast for the 2019/2020 financial year until further notice. The health and safety of the KPS Group's employees, customers and business partners are of top priority.

Leonardo Musso

Sole member of Management Board

Unterföhring, 27 April 2020

Contact:
KPS AG
Beta Street 10H
85774 Unterföhring
Phone: +49 (0) 89 356 31-0
Fax: +49 (0) 89 356 31-3300
e-mail: [email protected]

27-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: KPS AG
Beta-Str. 10 h
85774 Unterföhring
Germany
Phone: +49 (0)89 356 31-0
Fax: +49 (0)89 356 31-3300
E-mail: [email protected]
Internet: www.kps.com
ISIN: DE000A1A6V48
WKN: A1A6V4
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1029973

 
End of Announcement DGAP News Service

1029973  27-Apr-2020 CET/CEST

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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