GK Software AG / Key word(s): Final Results
13.04.2011 17:06
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- EBIT rose more strongly than previously announced - by 31.6% to EUR 6.43
million
- Sales revenues grew by approx. 19% to EUR 27.7 million in fiscal 2010
Schöneck, 13. April 2011 - GK SOFTWARE AG is publishing its final figures
for fiscal 2010 today. Sales during the record year of 2010 rose by approx.
19% to EUR 27.7 million (EUR 23.3 million in the previous year). As it was
possible to revise some of the impairments to accounts receivable contained
in the preliminary figures, earnings before tax and interest (EBIT) rose
more strongly than previously announced - by more than 31% to EUR 6.43
million (EUR 4.9 million in the previous year).This represents an EBIT
margin on sales of 23.2% (20.1% in the previous year). Based on these
results, the Supervisory and Management Boards will suggest to the main
shareholders' meeting that a dividend will be paid.
The annual net income during fiscal 2010 amounted to EUR 4.47 million. This
represents earnings per share of EUR 2.68. Following the approval of the
annual accounts by the Supervisory Board today, GK SOFTWARE AG will publish
its full figures for 2010 in the form of its annual report on 18 April
2011. 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 0.50 is paid from the balance sheet profits of GK
SOFTWARE AG.
GK Software AG
Waldstrasse 7
08261 Schöneck
Germany
WKN 757142
ISIN DE0007571424
(End of the ad-hoc report)
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Information and Explaination of the Issuer to this News:
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 343 members of staff (figures for 30 September 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 more than 30 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
GK SOFTWARE AG
Dr. René Schiller
Phone.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
e-mail: rschiller@gk-software.com
13.04.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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 Berlin, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: GK Software AG: GK SOFTWARE AG Publishes Final Figures for 2010
| Source: EQS Group AG