- Total operating revenue rose by 28% to EUR 15.0 million
- Group profits increased by 25% to EUR 2.0 million
- Further growth with solid profits expected for 2009
GK SOFTWARE AG, a leading technology developer and provider of standard software for the retail sector, significantly increased its sales revenues, total operating revenue and earnings during the 2008 business year. Based on IFRS accounting procedures, the software company achieved sales revenues of EUR 15.0 million. This represents growth of approx. 40% over the previous year's figure (EUR 10.8 million). This means that the company exceeded its target corridor for sales revenues of EUR 14 - 14.5 million.
The company was able to increase its total operating revenue by 28% from EUR 11.7 million in 2007 to EUR 15.0 million. At the same time, earnings before interest and taxes (EBIT) rose by 19% from EUR 2.3 million to a figure of EUR 2.8 million. As a result, the EBIT margin was 18.5% in terms of the total operating revenue. Earnings before tax (EBT) improved by approx. 30% from EUR 2.2 million to EUR 2.9 million. On balance, this resulted in group profits of EUR 2.0 million (EUR 1.6 million in the previous year). In terms of the 1,665,000 shares in circulation at the reporting date, this translates into earnings per share of EUR 1.22, following a figure of EUR 0.94 in 2007.
'2008 was the most successful year in the company's history. We are very proud that GK SOFTWARE AG has been able to maintain its market leadership with its innovative solutions and expand this position,' says CEO Rainer Gläß, commenting on the developments in sales revenues and earnings in 2008. 'As we have a leading market position in terms of technology with our GK/Retail software, we are confident that we will be able to continue to grow in the current business year and maintain our profitability levels.'
The complete annual report will be published on the corporate website www.gk-software.com in the Investor Relations section during the course of the day.
Overview
