GK Software AG / Preliminary Results
19.08.2010 11:27
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- Sales rose by approx. 46% in comparison with the previous year,
according to provisional figures
- EBIT at EUR 2.5 million more than doubled compared to the figure in the
previous year
- Management Board confirms growth forecast for 2010
Schöneck, 19 August 2010 - GK SOFTWARE AG was able to continue its growth
course established in previous years during the first six months of 2010,
according to provisional figures. Sales grew by almost one half over the
previous year's figure and the company was able to more than double its
EBIT. Based on these positive intermediate figures, the Management Board
assumes that the company can meet its growth forecast for 2010.
By gaining new customers and proceeding according to plan in current
projects, GK SOFTWARE AG finished the first half of the year 2010 with very
good results. According to provisional figures for the reporting period,
the company increased its sales by approx. 46% (EUR 12.47 million) and
increased its total operating revenue by slightly more than 45% (EUR 13.23
million) in comparison with the same period in the previous year. As a
result, the EBIT (EUR 2.50 million) increased to more than double the
previous year's figure. This means that the EBIT margin related to sales
was 19.8%.
The Management Board has an optimistic view of the future on the basis of
the strength of the figures from the first six months, the progress in
completing current projects and the positive developments in obtaining new
customers. The Management Board is expecting double digit growth in sales
and an EBIT margin that is similar to that of previous years for the full
year in 2010.
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 298 members of staff (figures for 31 March 2010) 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 Contact Details:
GK SOFTWARE AG
Dr. René Schiller
Tel.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-mail: rschiller@gk-software.com
19.08.2010 11:27 Ad hoc announcement, Financial News and Press 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|]]]|]
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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 München, Berlin, Stuttgart
End of News DGAP News-Service
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DGAP-News: GK Software AG: GK SOFTWARE AG Continues Successful Course in First Half of Year
| Source: EQS Group AG