DGAP-News: GK SOFTWARE AG Looks Back on Successful 1st Half of 2009

GK Software AG / Half Year Results

28.08.2009 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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  - Sales revenues grow by approx. 11% to EUR 8.54 million compared to the
    same period in the previous year, total operating revenue by more than
    30%
  - Market share with German food retail discounters now above 40%
  - First successful steps taken in Great Britain

Schöneck, 28 August 2009 - GK SOFTWARE can look back on a successful first
half of 2009. The group's sales revenues increased by 11% and the total
operating revenue rose by more than 30%. GK SOFTWARE was able to record its
first success story in Great Britain by equipping the merchandizing stores
of of the well-known British car brand Aston Martin, it secured Lidl as a
customer once again and was able to further extend its market-leading
position in the food retail sector when Netto Marken-Discount commissioned
it to equip the former Plus stores, which it has acquired, with GK/Retail
software.

The sales successes at Lidl and Netto Marken-Discount have enabled GK
SOFTWARE to achieve a market share of 40% in the German food discount
retail market according to the number of stores equipped with its software.
Gaining Aston Martin brand stores as a customer has enabled the company to
record its first sales success in Great Britain.

This means that GK SOFTWARE achieved growth in sales revenues of 6.2% (EUR
8.16 million) and increased its total operating revenue by 27% (EUR 9.02
million) in the first half of 2009. The EBIT from the previous operating
business rose by 14.5% to EUR 1.68 million with an EBIT margin on 18.9%.
The net income for the period for the previous basis of consolidation
amounted to EUR 1.19 million and was 15.7% higher than the figure for the
same period in the previous year. As a result, GK SOFTWARE AG has continued
to grow sustainably and profitably in its core business regardless of the
overall economic situation.

Consolidated by the results of the operating business of Solquest GmbH,
which was taken over on 1 May, GK SOFTWARE AG increased its sales by even
11% to EUR 8.54 million in the first half of 2009. The total operating
revenue grew on a consolidated basis from EUR 7.08 million in the previous
year to EUR 9.26 million, an increase of 30%. Despite the necessary
integration and restricting measures, the company achieved an EBIT of EUR
1.2 million. So the results per share in the first half of 2009 amounted to
EUR 0.52 in comparison to EUR 0.62 in the same period in the previous year
(without Solquest EUR 0.72).

Based on the good returns from the first half of the year, the advanced
stage of deliveries in current projects and the positive preliminary
results in gaining new customers, the Management Board views the future
with a sense of optimism. The Management Board expects the company to meet
its targets for this business year in the second half of 2009 - double
digit growth in sale revenues and maintaining the previous year's level of
profitability.

Company Profile of GK SOFTWARE AG: 

GK SOFTWARE AG is one of the leading technology developers and providers of
standard software for the retail sector in Europe and has an extensive
range of products for stores and enterprise headquarters. As a result of
its open software solutions in the GK/Retail Suite, which can be used with
any platform and is fully programmed in Java, the company has established
itself on the market as a leading provider of technology and innovations.
The software provides ideal business organization for retail companies with
many stores and there fore offers significant potential for cost savings
and customer loyalty programs so that companies can increase their
competitiveness.

The company employs 294 members of staff (figures for 30 June 2009) at
company head-quarters in Schöneck and four other business locations in
Berlin, St. Ingbert, Plzen (CZ) and Basel/Riehen (CH). GK SOFTWARE AG can
list well-known German and foreign retail com-panies among its customers,
including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA
Hannover-Minden, Hornbach, JYSK Nordic, Lidl, Netto Marken-Discount and
Tchibo. The software is currently being used in 25 countries at 57,000 POS
units in approx. 13,500 stores in Germany and abroad. The company has grown
rapidly during the past few years and its sales revenues totaled EUR 15.0
million in 2008. GK SOFTWARE AG achieved EBIT of EUR 2.8 million (EBIT
margin of 18.5% on total operating revenue). The two founders and
Management B oard members, Rainer Gläß (CEO) und Stephan Kronmüller (CTO),
in conjunction with the Management Board members Ronald Scholz (COO) and
André Hergert (CFO), have made GK SOFTWARE AG a profitable company with
strong growth since 1990. 

Further information about the company: www.gk-software.de.





Contact address Investor Relations
GK SOFTWARE AG
Dr. René Schiller
Tel.: +49 (0)37464-84-264 
Fax: +49 (0)37464-84-15
E-mail: rschiller@gk-software.com




DGAP 28.08.2009 
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Language:     English
Issuer:       GK Software AG
              Waldstraße 7
              08261 Schöneck
              Deutschland
Phone:        +49 (0)3 74 64 84 - 0
Fax:          +49 (0)3 74 64 84 - 15
E-mail:       info@gk-software.com
Internet:     www.gk-software.com
ISIN:         DE0007571424
WKN:          757142
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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