KPS

The supervisory board of KPS has appointed Michael Hessing as an additional board member and chief financial officer (CFO), effective 15 February 2026. At the same time, Leonardo Musso’s term, originally running until 31 December 2026, was extended early by three years and Musso was named chief executive officer (CEO). The executive team will therefore consist of Michael Hessing and Leonardo Musso. » More on finanzen.net

KPS reported for 2024/25 a revenue decline of about 16% to €121.7m, an EBITDA of €5.2m and a net loss of €21.8m. More than €10m of the charges were non-cash impairments on goodwill and intangible assets; liquidity stands at €9.2m. Goodwill still represents 47% of total assets and equity has shrunk to €27.4m, so further writedowns increase the risk. For 2025/26 KPS gives a cautious outlook with revenues of €99–110m and an EBITDA of €2.0–6.7m; analysts consider an investment decision premature. » More on finanzen.net

KPS stock rose almost 60% on December 23 in a short time on sharply increased volume, despite no corresponding company news. Analysts see no fundamental reasons for the surge: in September KPS significantly lowered revenue and EBITDA forecasts and is likely to expect another loss for 2024/25. Market participants instead suspect speculation or takeover hopes as the driver; the half-year financials also raise questions about the recoverability of goodwill. Final figures for 2024/25 will be published at the end of January and are expected to provide clarity. » More on finanzen.net