GK Software once again increases turnover and earnings significantly during the first half of the year
— 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
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 platformindependent 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.
Corporate News 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