DGAP-News: GK Software AG: GK SOFTWARE AG Continues Growth Course
(firmenpresse) - GK Software AG / Key word(s): Preliminary Results
22.11.2010 08:00
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- Sales increase by 30% in comparison to 2009, according to provisional
figures
- EBIT (EUR 2.38 million) more than triples compared to the same period
in the previous year
- Growth forecast for 2010 confirmed
Schöneck, 22 November 2010 - GK SOFTWARE AG continued to grow during the
first nine months of fiscal 2010. According to provisional figures, the
company was able to increase its sales by 30 percent to EUR 17.08 million
in comparison with the same period in the previous year. The EBIT at EUR
2.38 million was three times higher than the same period in 2009, which was
weighed down by a takeover. Based on the third quarter figures, the
Management Board assumes that the growth forecast for 2010 will be met.
GK SOFTWARE AG has completed the first nine months of the current business
year with very good results in line with corporate planning. Both sales and
the EBIT rose significantly in comparison with the same period in the
previous year. According to provisional figures, sales rose by almost 30
percent from EUR 13.16 million to EUR 17.08 million. Overall performance
rose by one quarter from EUR 14.59 million in the first nine months of 2009
to EUR 18.25 million in 2010. The EBIT tripled from EUR 0.71 million to EUR
2.25 million, if a comparison is made between 2009 and 2010. However, the
lower figure in 2009 was due to special effects connected to the takeover
of Solquest GmbH in 2009. The EBIT margin was 13.9 percent during the first
nine months of fiscal 2010 (5.4% for the same period in 2009). Based on the
results from the first nine months of the year, the current state of
completion of projects and the sales pipeline, the Management Board is
optimistic about the future. The Board confirmed its forecast of ongoing
double digit growth in sales for the complete year in 2010 and an EBIT
margin that is similar to previous years.
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 343 members of staff (figures for 30 September 2010) 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 more than 30 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. 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
AndréHergert (CFO), have made GK SOFTWARE AG a profitable company with
strong growth since 1990.
Further information about the company: www.gk-software.com
GK SOFTWARE AG
Dr. RenéSchiller
Tel.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-Mail: rschiller(at)gk-software.com
22.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: GK Software AG
Waldstraße 7
08261 Schöneck
Deutschland
Phone: +49 (0)3 74 64 84 - 0
Fax: +49 (0)3 74 64 84 - 15
E-mail: info(at)gk-software.com
Internet: www.gk-software.com
ISIN: DE0007571424
WKN: 757142
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in München, Berlin, Stuttgart
End of Announcement DGAP News-Service
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Datum: 22.11.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 32687
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Kategorie:
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