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tick Trading Software AG: another record result confirmed / dividend proposal at €2.01 per share / resignation of Supervisory Board member Ingo Hillen

Annual financial statements for fiscal year 2019/2020

According to the audited annual financial statements, tick Trading Software AG (tick-TS AG) closed the 2019/2020 financial year (01.10.2019 - 30.09.2020) with a net profit of EUR 2,014 thousand (previous year: EUR 1,655 thousand) - thus achieving a record result for the third time in a row.

The ongoing Covid 19 pandemic has had a massive impact on social life and the global economy since spring 2020. The high volatility on the stock exchanges and the associated increase in trading activity since the 1st quarter of 2020 have led to increased revenue from load-based fees at tick-TS AG. Combined with the gain in license income, this results in revenues of EUR 7,324 thousand compared to the previous year's result. This corresponds to an increase of over 9% compared to the same period of the previous year (EUR 6,709 thousand).

The full annual report for the 2019/2020 financial year will be published on the tick-TS AG website at www.tick-ts.de/de/zahlen-und-fakten.html in February 2021.

Dividend proposal

For the Annual General Meeting expected to be held in April 2021, the Executive Board and Supervisory Board propose a dividend of EUR 2.01 per share after application of section 268 (8) of the German Commercial Code (HGB) (recognition of deferred tax assets).

Resignation of Supervisory Board member Ingo Hillen

The Deputy Chairman of the Supervisory Board, Mr. Ingo Hillen, informed the Company on December 14 that he would be resigning from his position as a member of the Supervisory Board at the end of the next Annual General Meeting. In his letter to tick-TS AG, Mr. Hillen explained that his resignation was "exclusively for personal reasons".

"Since its foundation in 2002, tick-TS has continuously developed very well. As a co-founder, former Executive Board member and long-standing Supervisory Board member, I would like to remain on friendly terms with the company in the future. I would like to thank my Supervisory Board colleagues and the Management Board for the very good cooperation and wish you and the company's employees continued success and all the best," explains Ingo Hillen, who is also CEO of sino AG.   

"We all thank Ingo Hillen for his personal commitment and many years of cooperation. We wish him all the best for his future," remarks Gerd Goetz, member of the Executive Board of tick-TS AG.

Supervisory Board Chairman Dr. Simon-Alexander Zeidler adds: "I very much regret that Ingo Hillen is leaving the Supervisory Board. The cooperation with him was always very effective and helpful. Of course, I can understand his reasons."

"At the moment, we are working on a whole range of exciting projects with sino AG. I look forward to continuing the many years of good cooperation with Ingo Hillen as a member of the sino AG Management Board," emphasizes tick-TS AG Management Board member Carsten Schölzki.

 

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.

Press contact:

Gerd Goetz (CEO)

ggoetz@tick-TS.de

 

tick Trading Software AG

Berliner Allee 59

40212 Düsseldorf
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.

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