Ad-hoc
Ad-Hoc: tick Trading Software AG Half-Year Results for Fiscal Year 2019/2020
tick Trading Software AG
Half-year results for the 2019/2020 financial year:
Earnings before taxes: EUR 1,148k (- 0.69% compared to previous year)
Earnings after taxes: TEUR 783 (- 1.63% compared to previous year)
Forecast for the 2019/2020 financial year: net income of EUR 1,600k - 1,900k.
Annual General Meeting on August 25, 2020
Düsseldorf, 15.05.2020
According to the half-year financial statements prepared today, tick Trading Software AG (tick-TS AG) closed the first half of the 2019/2020 financial year (01.10.2019 - 31.03.2020) with a half-year net profit of EUR 783 thousand. This corresponds to a slight decrease of 1.63% compared to the first half of the previous year with EUR 796k. Earnings before taxes amount to EUR 1,148k with a slight decrease of 0.69% (first half of the previous year EUR 1,156k). Revenues in the first half of the year amounted to EUR 3,375k, a slight increase of 3.34% compared to EUR 3,266k in the first half of the previous year.
tick-TS AG's total administrative expenses, including depreciation and amortization, rose moderately by 5.97% to EUR 2,309k (prior-year period: EUR 2,179k). The Company's financial performance indicator, earnings before interest and taxes (EBIT), amounted to EUR 1,150k, representing a slight decrease of 0.44% compared to the prior-year half-year figure of EUR 1,155k.
tick-TS AG considers itself well equipped to cope with the Corona crisis in the best possible way. The high volatility on the stock exchanges in the 1st quarter of 2020 has led to increased revenue from load-dependent fees at tick-TS AG. Combined with the gain in licensing income compared to the previous year's result, the increased revenue. However, the increased market uncertainties have also led to a significant delay in investment decisions. At tick-TS AG, these delays postpone project revenues from the 1st half to the 2nd half of the 2019/2020 financial year and possibly beyond.
The Executive Board continues to keep a close eye on developments and is raising its previous forecast for fiscal 2019/2020 to a net profit in a range of EUR 1,600k - 1,900k. Achievement of the target figures is dependent on the realization of a number of projects and non-recurring income.
Detailed information on the half-year financial statements will be published in June with the half-year financial report for fiscal year 2019/2020 at
www.tick-ts.de/de/zahlen-und-fakten.html.
The Annual General Meeting will be held as a purely virtual meeting on August 25, 2020. A corresponding invitation will be sent to shareholders in due time in accordance with the currently applicable laws.
Further information on the Company is available at the following website:
www.tick-TS.de
Contact: Mr. Gerd Goetz (Management Board)
tick Trading Software AG / Berliner Allee 59 / 40212 Düsseldorf
WKN: A0LA30 / ISIN: DE000A0LA304
Email: info@tick-ts.de / Tel.: 0211/781767-0
