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GK Software increases turnover by 33 percent during the first six months of 2015
- Turnover up by EUR 6.7 million in comparison with the same period in the previous year, according to provisional figures
- Seven new customers during this period
GK Software AG increased its turnover by 32.9 percent to a figure of EUR 26.86 million during the first half of 2015, according to provisional figures (2014 = EUR 20.21 million). The EBIT amounted to EUR (2.28) million, following a figure of EUR (1.33) million in the same period in 2014. This resulted in an EBIT margin based on turnover of -8.5 percent. The losses per share were EUR (1.54). Compared to the previous year, the results were largely affected by the assets identified in the preliminary purchase price allocation arising from the acquisition of the retail division of DBS Data Business Systems Ltd. and the scheduled amortisation conducted in response to this - and also by the additional expenditure triggered by the establishment of the branches in the USA and South Africa. At EBITDA level (earnings before interest, taxes, depreciation and amortisation), the EBITDA amounted to EUR (0.69) million in the first half of 2015, following a figure of EUR (0.34) million in the previous year.
In the light of the information available, the Management Board continues to believe that the company will be able to significantly increase turnover in 2015 in comparison with the previous year if business goes well, while the earnings could be slightly negative on account of the special effects already mentioned.
The full accounts for the first half of 2015 will probably be published on 27 August.
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