KPS AG Reports 19% Drop in Q1 Sales, 25% Decline in Net Income, EPS Falls by €0.02
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KPS AG reported a 19% drop in Q1 sales to €36.3 million and a 25% decline in net income to €2.1 million for the 2020/2021 fiscal year, attributed to COVID-19 impacts. EBITDA decreased by 11% to €5.3 million, but the EBITDA margin improved to 14.6% due to cost management. Earnings per share fell to €0.06 from €0.08. The company anticipates revenues for the year to be comparable to the previous year, with a moderately increasing EBITDA, focusing on innovation and internationalization.
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