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  • Schöneck, Germany

GK Software continues to grow during the 1st half of 2019

GK Software SE continued to increase its turnover to a moderate degree during the first half of 2019. According to preliminary figures turnover amounted to EUR 50.27 million during the first six months of the year and therefore exceeded the figure for the same period in the previous year by 2.5 percent; the Company's core business even grew by as much as 5.8 percent. The EBITDA amounted to EUR (0.59) million, following a figure of EUR 2.39 million in the previous year.

Overall, GK Software was able to persuade nine customers to purchase its solutions for automating stores during the first half of 2019, four of them in the USA alone. The "Dynamic Pricing" solution also made its way on to the SAP price list as the first application that uses artificial intelligence for the retail sector. The pending fiscalization process for the German retail business has also led to an encouraging start for the subsidiary, DF Deutsche Fiskal GmbH, and this has attracted a great deal of positive attention in the market; this company will be a promising element in the ongoing growth at GK Software in 2020.

Based on the current sales situations, the Management Board is continuing to stand by its forecast for the 2019 financial year, which was published in the 2018 annual accounts, and its medium-term forecast for 2020 too.