- Sales revenues rose by more than 50% to EUR 23.3 million
- EBIT grew by 76% to EUR 4.9 million
Schöneck, 15 April 2010 - 2009 was easily the best business year for GK SOFTWARE AG in its history according to provisional figures published today. Growth in sales of more than 50% meant that even the latest forecast, which was raised last fall, was significantly exceeded once again. The company achieved an EBIT of approx. EUR 4.9 million (EUR 2.8 million in the previous year). This corresponds to an EBIT margin of 20.1% in terms of total operating revenue (18.5% in the previous year).
New major projects and progress in current projects according to plan formed the basis for the outstanding results. The order placed by EDEKA as part of the LUNAR project was particularly significant and this is being completed in partnership with SAP. In organic terms, sales rose by approximately one third compared to the previous year.
The share of sales at Solquest GmbH, which was taken over in May 2009 by way of an asset deal and has now been fully integrated into the group, amounted to approximately 8% and it contributed to growth in sales in 2009 to the tune of about 12.5 percentage points.
Another element in growth in sales is based on revenue recognition from unfinished work in progress in line with the latest IFRS updates in accounting procedures. In line with individual project structures, EUR 1.4 million were not reported under unfinished work in progress, but as additional sales in 2009, in contrast to 2008. But this change has not affected the group results.
GK Software AG
Waldstrasse 7
08261 Schöneck
Germany
(End of Ad hoc Announcement)
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 291 members of staff (figures for 31 December 2009) 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 29 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 (provisional figures). 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.de.
Investor Relations
GK SOFTWARE AG
Dr. René Schiller
Tel.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-Mail:
