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GK Software SE — Earnings Release 2008
Apr 16, 2009
184_rns_2009-04-16_dd477652-d0ac-461b-a630-8bf2d9073021.html
Earnings Release
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Corporate | 16 April 2009 18:29
GK SOFTWARE AG achieves Significant Growth in Revenues and Earnings in 2008
GK Software AG / Final Results/Forecast
Release of a Corporate News, transmitted by DGAP – a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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– Total operating revenue rose by 28% to EUR 15.0 million
– Group profits increased by 25% to EUR 2.0 million
– Further growth with solid profits expected for 2009
Schöneck, 16 April 2009 – GK SOFTWARE AG, a leading technology developer
and provider of standard software for the retail sector, significantly
increased its sales revenues, total operating revenue and earnings during
the 2008 business year. Based on IFRS accounting procedures, the software
company achieved sales revenues of EUR 15.0 million. This represents growth
of approx. 40% over the previous year’s figure (EUR 10.8 million). This
means that the company exceeded its target corridor for sales revenues of
EUR 14 – 14.5 million.
The company was able to increase its total operating revenue by 28% from
EUR 11.7 million in 2007 to EUR 15.0 million. At the same time, earnings
before interest and taxes (EBIT) rose by 19% from EUR 2.3 million to a
figure of EUR 2.8 million. As a result, the EBIT margin was 18.5% in terms
of the total operating revenue. Earnings before tax (EBT) improved by
approx. 30% from EUR 2.2 million to EUR 2.9 million. On balance, this
resulted in group profits of EUR 2.0 million (EUR 1.6 million in the
previous year). In terms of the 1,665,000 shares in circulation at the
reporting date, this translates into earnings per share of EUR 1.22,
following a figure of EUR 0.94 in 2007.
‘2008 was the most successful year in the company’s history. We are very
proud that GK SOFTWARE AG has been able to maintain its market leadership
with its innovative solutions and expand this position,’ says CEO Rainer
Gläß, commenting on the developments in sales revenues and earnings in
2008. ‘As we have a leading market position in terms of technology with our
GK/Retail software, we are confident that we will be able to continue to
grow in the current business year and maintain our profitability levels.’
The complete annual report will be published on the corporate website
www.gk-software.com in the Investor Relations section during the course of
the day.
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 213 members of staff (figures for 31 December 2008) 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
Hannover-Minden, Hornbach, JYSK Nordic, Lidl, Netto Markendiscount and
Tchibo. The software is currently being used in 25 countries at 55,000 POS
units in approx. 13,000 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.
Contact Address for Investor Relations:
cometis AG
Ulrich Wiehle
Tel.: +49 (0)611-205855-11
Fax: +49 (0)611-205855-66
E-mail: [email protected]
GK SOFTWARE AG
Dr. René Schiller
Tel.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-mail: [email protected]
16.04.2009 Financial News transmitted by DGAP
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Language: English
Issuer: 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
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