GK SOFTWARE AG enjoys double-digit growth according to preliminary figures

Revenues in H1 2008 up 45.5% to EUR 7.69 million/EBIT lifts 86.9% to EUR 1.57 million

(PresseBox) ( Schöneck, )
GK SOFTWARE AG, a European technology leader in the development and provision of standard software solutions for the retail industry, announced its preliminary figures for the first half of 2008 today. The software company recorded revenues (IFRS) of EUR 7.69 million, up more than 40% compared to H1 2007 (EUR 5.28 million). EBIT also increased by 86.9% from EUR 0.84 million in H1 2007 to EUR 1.57 million. At the same time, GK SOFTWARE AG improved its EBIT margin on total operating revenue from 16.2% to 22.2%.

The significant improvement in revenues and earnings in the current fiscal year was due to the company's broader client base, which led to number of new projects. In addition, the existing client relationships have been intensified and expanded. As a result, GK SOFTWARE AG has been able to acquire follow-on orders for key projects already concluded. After successfully processing, the company concluded many of these orders so that they were reflected in income in the period under review. For example, the rollout for "Das Depot", a new client won in 2007, could be completed. Moreover, the company could largely complete the rollout of the initial project for "Galeria Kaufhof". Concerning the existing clients "Tchibo" and "Douglas", extensions of the already introduced solutions were established. GK SOFTWARE AG also succeeded in acquiring key new customers in 2008, including "Coop", Switzerland, and "Escada", thus further boosting the company's revenue and earnings potential.

In fiscal year 2007 as a whole, the company recorded total revenues of EUR 10.75 million and EBIT of EUR 2.33 million, with an EBIT margin on total operating revenue of 20.0%.

Additional information
ISIN: DE0007571424
German Securities Code Number (WKN): 757142
Stock exchange symbol: GKS
Regulated market/Prime Standard on the Frankfurt Stock Exchange
Waldstraße 7
08261 Schöneck
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