GK SOFTWARE AG Continues Successful Course in First Half of Year
- 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
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.
About 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 wellknown 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 Gläß (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.