GK SOFTWARE AG Confirms Growth Course Once Again
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
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.
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 Gläß (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