GK Software AG / Final Results
30.04.2010 11:12
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
- Best year in the history of the company
- Management and Supervisory Boards suggest a dividend is paid for the
first time
Schöneck, 30 April 2010 - GK SOFTWARE AG was again able to significantly
increase its sales revenues, total operating performance and results in
fiscal 2009 in comparison with the previous year in line with the annual
report published today. Sales revenues rose by more than 50% from EUR 15.0
million to EUR 23.3 million. The EBIT figure at approx. EUR 4.9 million
exceeded the previous year's level by 76% (EUR 2.8 million in 2008). Based
on these results, the Management Board will suggest to the main
shareholders' meeting that a dividend is paid for the first time.
Fiscal 2009 was easily the best year in the 20-year corporate history of GK
SOFTWARE AG. As a result of gaining major new customers, the successful
completion of current projects and the smooth integration of Solquest GmbH,
sales revenues rose to EUR 23.3 million. Organic growth accounts for more
than two thirds of the increase of more than 50%. The takeover of Solquest
GmbH accounted for approx. 12.5% of growth. Another element in sales
revenue growth is based on the revenue recognition of unfinished work
according to the accounting updates published by IFRS. In line with the
individual project structures in 2009, a figure of EUR 1.4 million was not
allocated to inventories of unfinished work, but was entered as additional
sales in comparison with 2008.
The significant increase in sales revenues was accompanied by an even
stronger increase in the EBIT figure by 76% to EUR 4.9 million (EUR 2.8
million in the previous year). This enabled the company to achieve an EBIT
margin on operating performance of 20.1% (18.5% in the previous year). The
earnings per share rose to EUR 2.11 in fiscal 2009 after a figure of EUR
1.22 in the previous year.
The company is once again expecting double digit growth in sales revenues
in the coming year with an EBIT margin that is similar to previous years.
As a result of the outstanding results, the Supervisory and Management
Boards are going to propose to the annual shareholders' meeting that a
dividend of EUR 1 is paid from the balance sheet profits of GK SOFTWARE AG.
The complete annual report will be published at the corporate website
www.gk-software.com in the Investor Relations section during the course of
today.
Company profile 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 therefore offers significant potential for cost savings and
customer loyalty programs so that companies can increase their
competitiveness.
The company employs 291 members of staff (figures for 31 December 2009) at
company headquarters 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 companies among its customers,
including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA,
Hornbach, JYSK Nordic, Lidl, Netto Marken- Discount and Tchibo. The
software is currently being used in 29 countries at 73,000 POS units in
approx. 19,000 stores in Germany and abroad. The company has grown rapidly
during the past few years and its sales revenues totaled EUR 23.3 million
in 2009. GK SOFTWARE AG achieved EBIT of EUR 4.9 million (EBIT margin of
20.1% on total operating revenue). The two founders and Management Board
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.com.
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
30.04.2010 11:12 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
---------------------------------------------------------------------------
Language: English
Company: 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: GK SOFTWARE AG increased 2009 EBIT and Sales Revenues by a Huge Double-Digit Amount
| Source: EQS Group AG