Report
Ahmed Ouni

KPS AG : Solid H1 2018-19 results in line; reaping the fruits of costly simultaneous project starts in 2018; 15% EBITDA margin underlines group is back on track

>Better top line on expanding project flow and internationalisation - KPS published a strong set of H1 2018-19 results (6M ending 31 March). Group revenue was up 3.3% yoy to € 91.3m, beating our estimate of € 89m by 2.6%, supported by i/ the achievement of major milestones in large Scandinavian projects, ii/ acquired projects in the pharmaceutical industry, and iii/ new projects resulting from KPS’s recent internationalization initiatives in the UK and Spain. In addit...
Underlying
KPS AG

KPS AG is a Germany-based holding and consulting information technology (IT) company, which specializes in business transformation and process optimization. The main business areas are Strategy and Process Consulting, with focus on on retail, consumer goods industry and production as well as Process Optimization and Implementation for processes from planning to customer implementation, such as finance, wholesale, manufacturing, supply chain management, enterprise performance management, optimization and integration of product development. The portfolio is supplemented for Product Lifecycle Management; Enterprise Resource Planning, including document management concepts, workflow solutions, archiving; as well as System Architecture and Integration, such as creation and operation of server and storage infrastructures, managed services, development of SAP NetWeaver/PI and eSOA (Enterprise Service-Oriented Architecture) -based solutions. It has subsidiaries in Germany and Switzerland.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ahmed Ouni

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