GK SOFTWARE AG continues to grow

GK SOFTWARE AG was able to continue its growth in the first quarter of 2009. The report for this period, which was presented today, shows an increase in sales to EUR 4.59 million compared with EUR 3.66 million in the first three months of 2008.

• Revenues up by approximately 25% to EUR 4.6 million in comparison with the same period last year
• EBIT margin increased to 18.9% over the 2008 business year figure

Earnings before interest and taxes (EBIT) amounted to EUR 0.86 during the reporting period. Due to special effects, particularly above-average revenues from licenses, EBIT was EUR 0.99 million in the first three months of 2008. Based on total operating revenues totaling EUR 4.58 million, this equates an EBIT margin of 18.9% for the first quarter of 2009 (fiscal year 2008: 18.5%). Net income for the quarter was EUR 0.66 million. This corresponds to earnings per share of EUR 0.39 after the first three months of 2009.

Because of the current general economic situation the Management Board will not provide any specific forecast for the current business year. However, the Management Board is confident that the company will continue to increase its sales in 2009 and achieve appropriate profitability.

The complete quarterly report has been published on the GK SOFTWARE AG website today in the section 'Investor Relations'.