GK SOFTWARE AG Continues Its Growth Course in the First Quarter of 2011

GK SOFTWARE AG continued its growth path during the first three months of fiscal 2011. Compared to the same period in the previous year, sales rose by 17% to EUR 6.72 million (Q1 2010 = EUR 5.75 million). Earnings before interest and tax (EBIT) rose to EUR 1.17 million, following a figure of EUR 1.06 million in the same reporting period in the previous year. Operating performance rose by 16.0% to EUR 6.89 million (Q1 2010: EUR 5.95 million). As a result, the company had an EBIT margin of 17.4% related to sales during the first quarter. Earnings per share during the first quarter were EUR 0.38.

• Sales grew by approx. 17% compared to the same period in the previous year
• EBIT at EUR 1.2 million rose again compared to the same period in 2010
• Growth forecast confirmed for 2011

Based on the figures that have been published, the Management Board believes that its forecast is justified and it is expecting ongoing double digit growth in percentage terms for the complete year in 2011, while the company maintains the profitability levels achieved in the past.

The complete report for the quarter has been published at the following address: http://investor.gk-software.com/images/Financial_Reports/2011/q1-interim-report-11.pdf