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  • Schöneck, Germany

GK Software SE continued to grow strongly in 2019, increasing its turnover once again – the previous year’s EBITDA (earnings before interest, taxes, depreciation and amortisation) were significantly exceeded

GK Software SE clearly reached its forecast goals for 2019, according to provisional figures, and, by generating turnover of EUR 115.5 million, exceeded the previous year’s figure by about 9 percent.

  • Turnover reached EUR 115.5 million, according to provisional figures
  • Earnings before interest, taxes, depreciation and amortisation (EBITDA) at EUR 12.5 million

Earnings before interest, taxes and amortisation at EUR 12.5 million were EUR 5.7 million or 83.7 percent higher than the results in the 2018 financial year. The resulting EBIT will also be significantly higher than the figure for the previous year, subject to the changes in assessment. The very consistent, ongoing business with existing customers, gaining new projects and a positive contribution from the US division for the first time formed the basis for these results. The turnover and revenues continued to be supported by the contributions made by the smaller companies within the Group and by recognising turnover, for which work had already been performed in earlier periods.

The first three months of this financial year also show that the Company is well on the way to meeting its medium-term forecast in 2020, subject to the effects of the ongoing developments in the current coronavirus crisis. The Management Board would refer you to the financial report for 2019 for more information.