- Sales revenues grow by approx. 11% to EUR 8.54 million compared to the same period in the previous year, total operating revenue by more than 30%
- Market share with German food retail discounters now above 40%
- First successful steps taken in Great Britain
GK SOFTWARE was able to record its first success story in Great Britain by equipping the merchandizing stores of of the well-known British car brand Aston Martin, it secured Lidl as a customer once again and was able to further extend its market-leading position in the food retail sector when Netto Marken-Discount commissioned it to equip the former Plus stores, which it has acquired, with GK/Retail software.
The sales successes at Lidl and Netto Marken-Discount have enabled GK SOFTWARE to achieve a market share of 40% in the German food discount retail market according to the number of stores equipped with its software. Gaining Aston Martin brand stores as a customer has enabled the company to record its first sales success in Great Britain.
This means that GK SOFTWARE achieved growth in sales revenues of 6.2% (EUR 8.16 million) and increased its total operating revenue by 27% (EUR 9.02 million) in the first half of 2009. The EBIT from the previous operating business rose by 14.5% to EUR 1.68 million with an EBIT margin on 18.9%. The net income for the period for the previous basis of consolidation amounted to EUR 1.19 million and was 15.7% higher than the figure for the same period in the previous year. As a result, GK SOFTWARE AG has continued to grow sustainably and profitably in its core business regardless of the overall economic situation.
Consolidated by the results of the operating business of Solquest GmbH, which was taken over on 1 May, GK SOFTWARE AG increased its sales by even 11% to EUR 8.54 million in the first half of 2009. The total operating revenue grew on a consolidated basis from EUR 7.08 million in the previous year to EUR 9.26 million, an increase of 30%. Despite the necessary integration and restricting measures, the company achieved an EBIT of EUR 1.2 million. So the results per share in the first half of 2009 amounted to EUR 0.52 in comparison to EUR 0.62 in the same period in the previous year (without Solquest EUR 0.72).
Based on the good returns from the first half of the year, the advanced stage of deliveries in current projects and the positive preliminary results in gaining new customers, the Management Board views the future with a sense of optimism. The Management Board expects the company to meet its targets for this business year in the second half of 2009 - double digit growth in sale revenues and maintaining the previous year's level of profitability.
Overview
