- Sales revenues rose by almost one fifth to EUR 27.7 million
- EBIT margin (on sales) of 20.4 percent, EBIT grows by 15.2% to EUR 5.6 million
Schöneck, 15 April 2010 - GK SOFTWARE AG once again had a record year in 2010 according to provisional figures. Sales grew by 19% to EUR 27.7 million (EUR 23.3 million in the previous year) - and this was at the upper end of expectations published in the Management Board's forecast. Earnings before tax and interest (EBIT) at the company reached a figure of approx. EUR 5.6 million (EUR 4.9 million in the previous year). This represents an EBIT margin on operating performance of 19.0% (20.1% in the previous year).
The basis for this continuing growth at the company during fiscal 2010 was its ability to win major new projects both at home and abroad and make scheduled progress in ongoing jobs. The completion of the major project at EDEKA as part of its LUNAR program, which was achieved with SAP, was particularly important during 2010.
GK Software AG
Waldstrasse 7
08261 Schöneck
Germany
(End of the Ad-hoc report)
Information and Explaination of the Issuer to this News:
To mark the publication of the provisional figures, GK SOFTWARE AG is organizing an analysts' conference at 2 p.m. on 28 March 2011; please call +49 (0)69 247 501 890 to hear André Hergert, CFO at GK SOFTWARE AG, present and explain the provisional figures.
Company profile GK SOFTWARE AG:
GK SOFTWARE AG is one of the leading technology developers and providers of standard software for the retail sector in Europe and has an extensive range of products for stores and enterprise headquarters. As a result of 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 on the market as a leading provider of technology and innovations. The software provides ideal business organization for retail companies with many stores and therefore offers significant potential for cost savings and customer loyalty programs so that companies can increase their competitiveness.
The company employs 343 members of staff (figures for 30 September 2010) at company headquarters in Schöneck and four other business locations in Berlin, St. Ingbert, Plzen (CZ) and Basel/Riehen (CH). GK SOFTWARE AG can list well-known German and foreign retail companies among its customers, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, JYSK Nordic, Lidl, Netto Marken-Discount and Tchibo. The software is currently being used in more than 30 countries at 73,000 POS units in approx. 19,000 stores in Germany and abroad. The company has grown rapidly during the past few years and its sales revenues totaled EUR 23.3 million in 2009. GK SOFTWARE AG achieved EBIT of EUR 4.9 million (EBIT margin of 20.1% on total operating revenue). The two founders and Management Board members, Rainer Gläß (CEO) und Stephan Kronmüller (CTO), in conjunction with the Management Board members Ronald Scholz (COO) and André Hergert (CFO), have made GK SOFTWARE AG a profitable company with strong growth since 1990.
Further information about the company: www.gk-software.com
Investor Relations
GK SOFTWARE AG
Dr. René Schiller
Phone.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
