Press release BoxID: 620186 (GK Software AG)
  • GK Software AG
  • Waldstraße 7
  • 08261 Schöneck
  • Contact person
  • René Schiller
  • +49 (37464) 84264

GK SOFTWARE AG increases turnover in the first half of the year

Turnover increases by 13.3 percent in comparison with the same period in the previous year, according to provisional figures

(PresseBox) (Schöneck, ) GK SOFTWARE AG was able to increase its turnover by 13.3 percent to a figure of EUR 18.4 million during the first half of 2013 (the figure for the first six months of 2012 was EUR 16.24 million). The Group's overall results totalled -EUR 0.61 million, following a figure of EUR 2.01 million during the same reporting period in the previous year. The EBIT margin related to sales amounted to -5.6 percent (18.5 percent at the same time in 2012). The loss per share was EUR 0.63.

Based on the information available so far, the Management Board believes that the company could continue to expand its business during the current business year.

Further information about the company:

GK Software AG

GK SOFTWARE AG is one of Europe's leading technology developers and providers of standard software for the retail sector, and offers an extensive range of products for stores and enterprise headquarters. Thanks to 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 as one of the retail market's leading providers of technology and innovations. Its software enables retail chains with numerous stores to optimally manage their business operations, offering them significant potential for saving costs and implementing customer loyalty programs and hence helping them to improve their competitiveness.

The company employs 560 members of staff (figures for 30 June 2013) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, Russia and 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, Netto Marken-Discount and Tchibo. The software is currently being used at 173,000 installations across approximately 36,000 stores in more than 35 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 28.4 million in 2012. 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.