DGAP-News: GK Software AG / Key word(s): Half Year Results
GK Software once again increases turnover and earnings significantly during
the first half of the year
17.08.2016 / 14:18
The issuer is solely responsible for the content of this announcement.
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- Turnover increases by 30 percent to EUR 35.08 million in comparison with
the same period in the previous year, according to provisional figures
- EBITDA reaches EUR 2.29 million
Schöneck, 17. August 2016 - GK Software AG once again increased its
turnover enormously by 30.6 percent to a figure of EUR 35.08 million during
the first half of 2016 according to provisional figures (first half of
2015: EUR 26.86 million). The EBITDA rose even more strongly to EUR 2.29
million, following a figure of EUR (0.69) million in the previous year. The
EBIT reached a figure of EUR 0.29 million (first half of 2015: EUR (2.28)
million). The reasons for the excellent half-yearly results were strong
turnover in licences and a major increase in efficiency in the consulting
and implementation areas.
Based on these results and the sales opportunities for the second half of
the year, the Management Board continues to assume that the company will be
able to significantly increase its turnover in comparison with the previous
year if business goes well; and it is maintaining its forecast for the year
2016 and the medium-term without making any changes.
The full half-yearly report will probably be published on 30 August.
About GK Software AG
GK Software AG is a leading developer and provider of standard software for
the retail sector, and currently counts 20 percent of the world's 50
largest retailers among its customer base. The company offers an extensive
range of solutions for stores and enterprise headquarters as well as for
the implementation of contemporary omni-channel retail concepts. Thanks to
its open and platform-independent software solutions in the GK/Retail
Suite, the company has established itself as one of the market's leading
providers of technology and innovations. Its solutions enable retail chains
with numerous stores to optimize their business processes and to benefit
from significant potential for saving costs and implementing customer
loyalty programs in order to improve their competitiveness. In addition to
its own software solutions, GK Software AG also offers customers a
comprehensive range of implementation and maintenance services. Having been
acquired in 2013, AWEK GmbH and in 2015, the retail segment of DBS Data
Business Systems Inc.
The company employs 794 members of staff (figures for 30 March 2016) across
its headquarters in Schöneck (Germany) and other business locations in
Germany, Czech Republic, Switzerland, South Africa, Russia and the USA. GK
Software AG's customers include many well-known retailers from both Germany
and beyond, including Galeria Kaufhof, Parfümerie Douglas, Coop
(Switzerland), EDEKA, Hornbach, JYSK Nordic, Lidl, Loblaw, Migros, Netto
Marken-Discount and Tchibo. The software is currently being used at 216,000
installations across approximately 40,000 stores in 42 countries. The
company has grown rapidly in recent years and its sales revenues totaled
EUR 62.6 million in 2015. Since launching the company in 1990, the two
founders Rainer Gläß (CEO) and Stephan Kronmüller (deputy board member),
together with the experienced management team, have shaped GK Software AG
into a profitable company exhibiting strong growth.
Further information about the company: http://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
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17.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: GK Software AG
Waldstraße 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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Munich, Stuttgart, Tradegate
Exchange
End of News DGAP News Service
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493557 17.08.2016
DGAP-News: GK Software once again increases turnover and earnings significantly during the first half of the year
| Source: EQS Group AG