GK Software AG achieves a 40 percent jump in turnover during the 2015 business year according to preliminary figures
Strong license business drives the growth in turnover
EBITDA exceeds previous year's figure by EUR 2.1 million
The Management Board at GK Software AG would like to make known that the corporate group's turnover grew by 40.3 percent to EUR 62.60 million (EUR 44.63 million in 2014) during the 2015 business year, according to preliminary figures. Two thirds of this increase, for which the licensing business was largely responsible during the reporting period, was achieved through organic growth. The EBITDA was EUR 2.18 million, following a figure of EUR 0.04 million in the previous year. The Group recorded an EBIT of EUR (1.28) million, largely due to the scheduled amortisation in connection with its US acquisition (previous year: EUR (3.02) million).
GK Software AG will probably publish its final figures in the form of its financial statement on 29 April 2016.
GK Software AG
GK Software AG is a leading developer and provider of standard software for the retail sector, and currently counts 20 percent of the world's 50 largest retailers among its customer base. The company offers an extensive range of solutions for stores and enterprise headquarters as well as for the implementation of contemporary omni-channel retail concepts. Thanks to its open and platformindependent software solutions in the GK/Retail Suite, the company has established itself as one of the market's leading providers of technology and innovations. Its solutions enable retail chains with numerous stores to optimize their business processes and to benefit from significant potential for saving costs and implementing customer loyalty programs in order to improve their competitiveness. In addition to its own software solutions, GK Software AG also offers customers a comprehensive range of implementation and maintenance services. Having been acquired in 2013, AWEK GmbH and in 2015, the retail segment of DBS Data Business Systems Inc.
The company employs 729 members of staff (figures for 30 September 2015) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, South Africa, Russia and the 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, Loblaw, Migros, Netto Marken-Discount and Tchibo. The software is currently being used at 213,000 installations across approximately 39,500 stores in more than 40 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 44.6 million in 2014. 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: http://www.gk-software.com