- Approx. 17% revenue increase according to preliminary figures
- Profitability solidifies – EBIT margin grows to 15%
Despite substantial market challenges, GK Software SE continues its growth trajectory during the first half of 2022. In comparison to last year’s figures (64.36M Euro), the company was able to increase revenues by 16.7 percent to 75.12M Euro. An EBITDA of 14.65M Euro was accomplished (previous year’s figure excluding special effects = 12.88M Euro). EBIT reached 11.28M Euro in H1 2022 (H1 2021 excluding special effects = 9.04M Euro). EBIT margin is now at 15.0 percent.
The revenue increase is driven by growing sales in cloud contracts, excellent business with customers as well as a large international retailer’s decision to use CLOUD4RETAIL.
Based on the ongoing developments and the future sales outlook for the 2nd half of the year, the Executive Board confirms its forecast for 2022 as well as its medium-term forecast up to 2023.
The semi-annual report is expected to be published on August 30, 2022.