DGAP-News: GK Software AG / Key word(s): Half Year Results
GK Software AG: GK SOFTWARE AG Continues Growth Course
29.08.2011 / 15:00
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- Increase in sales of approx. 16% in comparison with the same period in
the previous year
- Confirmation of growth forecast for 2011
Schöneck, 29 August 2011 - GK SOFTWARE AG managed to maintain its growth
course during the first half of fiscal 2011. Sales increased strongly by
about 16 percent in comparison to the same period in the previous year from
a figure of EUR 12.47 million to EUR 14.45 million. The company was even
able to increase total operating revenue from EUR 13.23 million during the
first six months of last year to a figure of EUR 15.68 million during the
2011 reporting period. Earnings before interest and taxes (EBIT) reached
EUR 2.48 million, and this was once again accompanied by a high EBIT margin
of 17.2% (19.8% in the previous year).
Based on these results, the current state of completion in ongoing projects
and sales options in the pipeline, the Management Board continues to view
the future with optimism. The Management Board is continuing to stand by
its forecast for the full year: It expects significant growth in sales with
similar profitability levels as achieved during the past few years.
The complete business report has been published at the following address:
http://investor.gk-software.com/images/Financial_Reports/2011/h1-interim-r
eport-11.pdf
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 403 members of staff (figures for 30 June 2011) 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 more than 30 countries at 108,000 POS units in
approx. 24,000 stores in Germany and abroad. The company has grown rapidly
during the past few years and its sales revenues totaled EUR 27.7 million
in 2010. GK SOFTWARE AG achieved EBIT of EUR 6.4 million (EBIT margin of
27.7% 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
Contact:
Investor Relations
GK SOFTWARE AG
Dr. René Schiller
Phone.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
e-mail: rschiller@gk-software.com
End of Corporate News
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Language: English
Company: GK Software AG
WaldstraÃe 7
08261 Schöneck
Germany
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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137313 29.08.2011
DGAP-News: GK Software AG: GK SOFTWARE AG Continues Growth Course
| Source: EQS Group AG