DGAP-News: tick Trading Software AG: Adoption of the annual financial statements 2020/2021 and guidance for the financial year 2021/2022

• 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 the 2020/2021 financial year

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 profit from the continued high trading activity on the stock exchanges through load-dependent fees. Compared to the previous year's result, revenues of EUR 8,245 thousand were generated. This corresponds to an increase of 12.6 % compared to the same period of the previous year (7,324 kEUR).

Due to two special effects (4,489 TEUR and 550 TEUR), other operating income increased by 1,150.3 % to 5,156 TEUR. The one-time income of 4,489 TEUR 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 550,000 are based on the waiver of half of the claims from the aforementioned agreement. Further sales proceeds from the agreement with the shareholder of the start-up can no longer be achieved.

The profit before tax achieved increased by 169.9% from 2,941 TEUR to 7,938 TEUR and led to a net profit for the 2020/2021 business year of 5,450 TEUR (previous year's period: 2,014 TEUR).

Equity amounted to 6,625 TEUR as of the balance sheet date (previous year: 3,197 TEUR). Despite the increase in equity, the equity ratio fell to 64.5 % (previous year 70.1 %) due to the disproportionate growth in the balance sheet total.

The financial resources fund increased by 5,816 kEUR. The cash flow from operating activities amounted to 7,895 kEUR after 2,413 kEUR in the same period of the previous year. The increase is mainly due to the income from painting. The cash flows from investing activities (-56 kEUR) and financing activities (-2,024 kEUR) result from the expenditures for investments in fixed assets and the dividend paid out 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/de/zahlen-und-fakten.html in March 2022.

Appropriation of profits and issue of bonus shares

The Executive Board has allocated an amount of EUR 1,090 thousand from the net profit for the year to other revenue reserves in accordance with Article 17 (3) of the Articles of Association. After adding the profit carried forward from the previous year, the net profit for the year is EUR 4,427,000 (previous year: EUR 2,090,000). For the Annual General Meeting, the Executive Board and the Supervisory Board propose a dividend of EUR 4.35 per share.

In its meeting today, the Supervisory Board approved the proposal of the Executive Board to submit a proposal to the Annual General Meeting 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 the 2021/2022 business year

For the current financial year 2021/2022, tick-TS AG mainly plans to improve the performance of existing products and to develop new functionalities. The focus of the project work will be the connection of sino AG to Baader Bank AG.

"In order to be able to develop new products and connect further major customers, it is necessary to recruit additional employees in the areas of development (software developers), system operations as well as project and product management and to invest further in the IT capacities of tick-TS AG". Carsten Schölzki, Executive Board member of tick Trading Software AG, emphasises 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 a net profit of EUR 2,100 to 2,500 thousand in the 2021/2022 financial year.

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 as well as an e-Trading Compliance Monitor (ECM) for compliance with ESMA regulations have completed the company's portfolio.
 

Press contact:

Gerd Goetz (Executive Board)
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.