- Revenues in H1 2008 up 45.5% to EUR 7.69 million
- EBIT lifts 86.9% to EUR 1.57 million
Schöneck, July 31, 2008 – GK SOFTWARE AG, a European technology leader in the development and provision of standard software solutions for the retail industry, announced its preliminary figures for the first half of 2008 today. The software company recorded revenues (IFRS) of EUR 7.69 million, up more than 40% compared to H1 2007 (EUR 5.28 million). EBIT also increased by 86.9% from EUR 0.84 million in H1 2007 to EUR 1.57 million. At the same time, GK SOFTWARE AG improved its EBIT margin on total operating revenue from 16.2% to 22.2%.
The significant improvement in revenues and earnings in the current fiscal year was due to the company's broader client base, which led to number of new projects. In addition, the existing client relationships have been intensified and expanded. As a result, GK SOFTWARE AG has been able to acquire follow-on orders for key projects already concluded. After successfully processing, the company concluded many of these orders so that they were reflected in income in the period under review. For example, the rollout for 'Das Depot', a new client won in 2007, could be completed. Moreover, the company could largely complete the rollout of the initial project for 'Galeria Kaufhof'. Concerning the existing clients 'Tchibo' and 'Douglas', extensions of the already introduced solutions were established. GK SOFTWARE AG also succeeded in acquiring key new customers in 2008, including 'Coop', Switzerland, and 'Escada', thus further boosting the company's revenue and earnings potential.
In fiscal year 2007 as a whole, the company recorded total revenues of EUR 10.75 million and EBIT of EUR 2.33 million, with an EBIT margin on total operating revenue of 20.0%.
Additional information
ISIN: DE0007571424
German Securities Code Number (WKN): 757142
Stock exchange symbol: GKS
Regulated market/Prime Standard on the Frankfurt Stock Exchange
GK SOFTWARE AG
Waldstraße 7
08261 Schöneck
Germany
Information and Explaination of the Issuer to this News:
Company Profile
GK SOFTWARE AG is a European technology leader in the development and provision of standard software solutions for the retail industry. It supplies an end-to-end range of products for retail stores and company headquarters. The open and platform-independent software solutions of the GK/Retail Suite, which are fully programmed in JAVA, have allowed the company to establish itself on the market as a technology and innovation leader. The software allows retail chains to optimize their company's organization and to create significant potential for cost savings as well as to realize customer loyalty potential in order to increase competitiveness. The key features of the solutions are: international applicability, consistent use of open standards and SOA (Service Oriented Architecture) capability. As GK/Retail is genuine standard software, parameters can be used to make the necessary adjustments to meet most customer requirements. This reduces the programming effort and allows rapid project completion. At the same time, solutions for customers remain releasable and new functions can be introduced by a release change. A key component of the modular software is also the StoreWeaver integration platform, which connects all the subsystems in a retail store and also provides a powerful interface for enterprise systems such as ERP or CRM solutions.
The company currently employs 166 employees (as of April 30, 2008) at its headquarters in Schöneck and at three other business locations: Berlin, Pilsen in the Czech Republic and Basel/Riehen in Switzerland. GK SOFTWARE AG can list well-known German retail stores among its customers which include, for example, Galeria Kaufhof, Parfümerie Douglas, EDEKA Hannover-Minden, Lidl, Netto Markendiscount and Tchibo, as well as its first international customer Coop, headquartered in Switzerland. The company’s software solutions are being used in approximately 12,000 retail stores in over 50,000 installations in currently 22 countries worldwide. The company has grown quickly over the past few years and its revenues reached EUR 10.75 million in 2007. The company’s EBIT amounted to EUR 2.33 million (EBIT margin on total operating revenue of 20.0%). Since 1990, the two founders and Executive Board members, Rainer Gläß (CEO) and Stephan Kronmüller (CTO), together with the Executive Board members Ronald Scholz (COO) and André Hergert (CFO) have grown GK SOFTWARE AG to become a fast-growing, profitable company.
For further information visit the company’s website www.gk-software.de.
Media contact
Dr. René Schiller
Leiter Unternehmenskommunikation
GK SOFTWARE AG
Friedrichstr. 204
10117 Berlin
Phone. : +49 (0)37464-84264
Mobile: +49 (0)173-9513776
Fax: +49 (0)37464-8415
E-Mail:
Investor relations contact
cometis AG
Ulrich Wiehle
Phone: +49 (0)611-205855-11
Fax: +49 (0)611-205855-66
E-mail:
