DGAP-News: GK Software AG / Key word(s): Quarter Results
GK Software AG: GK SOFTWARE AG Confirms Growth Course Once Again
18.11.2011 / 11:24
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- Sales grow by more than 18% in comparison with the same period in the
previous year according to provisional figures, the EBIT rises by as much
as 21%
- Growth forecast for 2011 confirmed
Schöneck, 18th of November 2011- GK SOFTWARE AG has once again registered
double digit growth during the first nine months of fiscal 2011. According
to provisional figures, sales rose by more than 18 percent compared to the
same period in the previous year to a figure of EUR 20.26 million. The EBIT
was 21 percent higher than the figure for the previous year at EUR 2.81
million. Based on these very good third quarter results, the Management
Board is standing by its growth forecast for 2011.
GK SOFTWARE AG recorded outstanding results during the first nine months of
fiscal 2011 and was able to increase both its sales and EBIT significantly
in comparison with the same period in the previous year. According to
provisional figures, sales rose significantly by more than 18 percent from
EUR 17.08 million to EUR 20.26 million. It was even possible to increase
the total operating revenue by almost one quarter from EUR 18.26 million
during the first nine months of the previous year to EUR 22.21 million in
2011. The EBIT rose by 21 percent over the figure for the previous year
from EUR 2.25 million to EUR 2.81 million. The EBIT margin was 13.9 percent
during the first nine months of fiscal 2011 (13.6% during the same period
in the previous year).
Based on the results for the first nine months of the year, the current
state of completion of projects and the sales pipeline, the Management
Board continues to look ahead with great optimism. It is continuing to
unreservedly stand by its forecast for ongoing double digit growth in sales
for the full fiscal year in 2011 with an EBIT margin that is similar to
previous years.
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 424 members of staff (figures for 30 September 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 125,000 installations
in approx. 25,000 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 21.7% on total operating revenue). The two founders Rainer GläÃ
(CEO) und Stephan Kronmüller (deputy board member), in conjunction with an
experienced management team, 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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146940 18.11.2011
DGAP-News: GK Software AG: GK SOFTWARE AG Confirms Growth Course Once Again
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