tick Trading Software AG / Key word(s): Preliminary Results/Forecast
tick Trading Software AG: Preliminary figures for fiscal year 2021/2022 and outlook for business development
16-Nov-2022 / 08:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Düsseldorf, 16.11.2022 – tick Trading Software AG (WKN: A0LA30 / ISIN: DE000A0LA304) has closed the fiscal year 2021/2022, which ended on 30.09.2022, with a net profit of TEUR 1,699 according to the annual financial statements prepared today.
This corresponds to a decrease of 68.8% compared to the previous year’s figure of EUR 5,450 thousand and a deviation from the adjusted forecast published on July 7, 2022 (EUR 1,800 thousand to 2,200 thousand) of EUR -101 thousand.
The annual result, which was worse than forecast, is mainly due to the long-term product innovation program (BOOSTER) launched in the second half of fiscal year 2021/2022. As the expenses for the software products created as part of the program are recognized directly in the income statement and not capitalized as intangible assets, the higher-than-planned proportion of external services had a direct impact on the annual result.
For the current fiscal year 2022/2023, tick Trading Software AG expects a weakening of net income to EUR 0.4 – 0.8 million due to the effects of the current political and economic situation and the continued high expenses for the product innovation program in the coming quarters.
The published figures are preliminary with regard to possible findings of the auditor of the annual financial statements. Completion of the audit and adoption of the annual financial statements by the Supervisory Board is expected in early to mid-December 2022.
Further information on the preliminary annual financial statements will be published immediately in a corporate news release.
Carsten Schölzki (Management Board)
tick Trading Software AG
Berliner Allee 59
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