KPS AG revised consolidated revenue forecast for 2023. For the year, the company expects consolidated revenues to be slightly below the previous year's level (FY 2021/2022: EUR 179.5 million) The Executive Board issued its original forecast in anticipation of higher demand and built up the corresponding personnel capacities in the KPS Group in the past. The current business climate in the retail sector, KPS's core segment, however, led to a general reluctance to take on new projects - especially in the digital sector. This resulted in a decline in sales in individual high-priced markets and business areas as well as a lack of staff utilisation and
idle capacity costs.