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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.
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