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. --------------------------------------------------------------------------- - 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 Gläà (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 --------------------------------------------------------------------------- Language: English Issuer: GK Software AG WaldstraÃe 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 ---------------------------------------------------------------------------
DGAP-News: GK SOFTWARE AG Looks Back on Successful 1st Half of 2009
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