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GK Software SE — Earnings Release 2009
Nov 27, 2009
184_rns_2009-11-27_eedc1815-6bd3-4925-9a88-19057fde59b7.html
Earnings Release
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News Details
Corporate | 27 November 2009 08:00
GK Software AG: GK SOFTWARE AG Raises Forecast for 2009
GK Software AG / Quarter Results
27.11.2009
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
- Sales rose by more than 20 percent in the first nine months of the year
- Revenue growth expected at 30 percent over last year
- Integration of Solquest GmbH assets almost complete
Schöneck, 25 November 2009 - GK SOFTWARE AG is expecting growth in sales of
30 percent for the 2009 business year and profitability that matches the
previous year; its sales in the first nine months of the year (EUR 13.16
million) have already exceeded the previous year's figure by 21.2 percent.
GK SOFTWARE AG has managed to continue its success story during the first
nine months of the 2009 business year without any kind of disruption. The
company was able to achieve a growth rate of 21.2 percent with sales
totaling EUR 13.16 million (EUR 10.85 million during the same reporting
period in the previous year) and increased its total operating revenue by
34.5 percent (EUR 14.59 million). On the basis of contracts concluded at
the end of the reporting period, particularly with EDEKA, the company is
expecting a further acceleration in growth during the final three months of
the business year.
So the management board assumes that the company can achieve 30 percent
growth in sales for the whole year and maintain the profitability level of
the previous year. As the restructuring and integration of the assets of
Solquest GmbH, which was taken over at the beginning of May 2009, is
progressing very well, the company expects this acquisition to have a
largely neutral effect on results by the end of the business year.
GK SOFTWARE AG Company Profile:
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 277 members of staff (figures for September 30, 2009)
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 25 countries with 68,000 installed solution in
more than 18,000 stores in Germany and abroad. The company has grown
rapidly during the past few years and its sales revenues totaled EUR 15.0
million in 2008. GK SOFTWARE AG achieved EBIT of EUR 2.8 million (EBIT
margin of 18.5% 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
André Hergert (CFO), have made GK SOFTWARE AG a profitable company with
strong growth since 1990.
Further information about the company: www.gk-software.de.
Investor Relations
GK SOFTWARE AG
Dr. René Schiller
Tel.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-mail: [email protected]
27.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de
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: [email protected]
Internet: www.gk-software.com
ISIN: DE0007571424
WKN: 757142
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart
End of News DGAP News-Service