GK SOFTWARE AG's preliminary figures show solid 3rd quarter
Sales pipeline filled to an above-average level / Delays to scheduled projects could affect 4th quarter earnings
Looking ahead to the fourth quarter, the company's sales pipeline is filled with an above-average number of leads including a large proportion of international prospects. However, the executive board cautions that achievement of the current year's business objectives may be at risk due to delays to a number of key projects which had been scheduled for earlier completion. These will now be completed in the second half of the fourth quarter at the soonest, which could result in expected turnover from new customers not being realised until the next financial year.
Despite the present difficulties in estimating 4th quarter earnings, the company's executive board expects to see further sales growth and stable profit in the financial year 2013.
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 428 members of staff (figures for 31 December 2011) across its headquarters in Schöneck (Germany) and five other business locations in Berlin, St. Ingbert, Cologne, Plzen (CZ) and Basel/Riehen (CH). 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 140,000 installations across approximately 27,500 stores in more than 30 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 31.8 million in 2011. GK SOFTWARE AG achieved EBIT of EUR 6.65 million (EBIT margin of 21.0% on sales). 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: www.gk-software.com