tick Trading Software AG
- Supervisory Board confirms record result
- Dividend proposal at €4.35 per share
- Issue of bonus shares planned
- Positive development expected for 2021/2022
- Annual General Meeting 2022 planned for April 2022
Annual financial statements for fiscal 2020/2021
At its meeting today, the Supervisory Board of tick Trading Software AG (tick-TS AG) adopted the audited annual financial statements for the 2020/2021 financial year (01.10.2020 - 30.09.2021).
In the 2020/2021 financial year, tick-TS AG was again able to benefit from the continued high level of trading activity on the stock exchanges via load-based fees. Compared to the previous year's result, revenues amounted to EUR 8,245 thousand. This corresponds to an increase of 12.6% compared to the same period of the previous year (EUR 7,324 thousand).
Due to two special effects (EUR 4,489 thousand and EUR 550 thousand), other operating income increased by 1,150.3% to EUR 5,156 thousand. The non-recurring income in the amount of EUR 4,489 thousand is based on a contractual agreement with a shareholder of a start-up company, which has since proven to be successful. The one-time proceeds of EUR 550 thousand are based on the waiver of half of the claims under the aforementioned agreement. Further sales proceeds from the agreement with the shareholder of the start-up can no longer be generated.
The pre-tax profit generated increased by 169.9% from EUR 2,941 thousand to EUR 7,938 thousand, resulting in a net profit for the 2020/2021 financial year of EUR 5,450 thousand (prior-year period: EUR 2,014 thousand).
Equity amounted to EUR 6,625 thousand as of the balance sheet date (previous year: EUR 3,197 thousand). Despite the increase in equity, the equity ratio fell to 64.5% (previous year: 70.1%) due to the disproportionate growth in total assets.
Cash and cash equivalents increased by EUR 5,816 thousand. Cash flow from operating activities amounted to EUR 7,895 thousand, compared with EUR 2,413 thousand in the prior-year period. The increase is mainly due to the non-recurring income. The cash flows from investing activities (EUR -56 thousand) and financing activities (EUR -2,024 thousand) result from expenditure on investments in non-current assets and from the dividend paid in 2021.
The complete annual report for the 2020/2021 financial year will be published on the tick-TS AG website at https://www.tick-ts.de/en/investor-relations/facts-and-figures in March 2022.
Appropriation of profit and issue of bonus shares
In accordance with Section 17 (3) of the Articles of Association, the Board of Management has transferred an amount of EUR 1,090 thousand from the net profit for the year to other revenue reserves. After adding the profit carried forward from the previous year, the unappropriated profit amounts to EUR 4,427 thousand (previous year: EUR 2,090 thousand). The Executive Board and Supervisory Board will propose a dividend of EUR 4.35 per share for approval at the Annual General Meeting.
At its meeting today, the Supervisory Board approved the proposal of the Executive Board to submit to the Annual General Meeting a proposal for a capital increase from company funds. This capital increase would be linked to the issue of bonus or bonus shares at a ratio of 1:1.
Outlook for fiscal 2021/2022
For the current fiscal year 2021/2022, tick-TS AG mainly plans to improve the performance of existing products and develop new functionalities. The focus of the project work will be on linking sino AG to Baader Bank AG.
"In order to be able to develop new products and connect with additional major customers, it is necessary to hire additional employees in the areas of development (software developers), system operations, and project and product management, and to invest further in the IT capacities of tick-TS AG". Carsten Schölzki, Member of the Executive Board of tick Trading Software AG, emphasizes the challenges for the 2021/2022 financial year.
Following today's approval of the investment plan by the Company's Supervisory Board and assuming a stable regulatory environment and the continuation of increased trading activity on the stock exchanges, the Executive Board is optimistic that it will be able to achieve net income of EUR 2,100 to 2,500 thousand in fiscal year 2021/2022.
The 2022 Annual General Meeting of tick-TS AG is scheduled to take place in April 2022.
About tick Trading Software AG
When tick Trading Software AG was founded in 2002, Oliver Wagner †, Matthias Hocke, Ingo Hillen and sino AG set themselves the goal of developing one of the most professional and advanced trading platforms. With the TradeBase MX platform, tick-TS AG now successfully makes this available to its customers worldwide. For several years now, in addition to the TBMX platform, direct connections to national and international marketplaces and brokers, the company's own hosting and housing infrastructure, and an e-Trading Compliance Monitor (ECM) for compliance with ESMA regulations have completed the company's portfolio.
Gerd Goetz (CEO)
tick Trading Software AG
Berliner Allee 59
Tel: +49 (0)211 781767-0
Fax: +49 (0)211 781767-29
tick Trading Software AG is listed on the Düsseldorf Stock Exchange - ISIN DE000A0LA304.