GK Software SE — Earnings Release 2009

Apr 15, 2010

News Details

Ad-hoc | 15 April 2010 10:31

GK Software AG: GK SOFTWARE AG Exceeds Forecast According to Provisional Figures

GK Software AG / Preliminary Results

15.04.2010 10:31

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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• Sales revenues rose by more than 50% to EUR 23.3 million
• EBIT grew by 76% to EUR 4.9 million

Schöneck, 15 April 2010 - 2009 was easily the best business year for GK
SOFTWARE AG in its history according to provisional figures published
today. Growth in sales of more than 50% meant that even the latest
forecast, which was raised last fall, was significantly exceeded once
again. The company achieved an EBIT of approx. EUR 4.9 million (EUR 2.8
million in the previous year). This corresponds to an EBIT margin of 20.1%
in terms of total operating revenue (18.5% in the previous year).

New major projects and progress in current projects according to plan
formed the basis for the outstanding results. The order placed by EDEKA as
part of the LUNAR project was particularly significant and this is being
completed in partnership with SAP. In organic terms, sales rose by
approximately one third compared to the previous year.

The share of sales at Solquest GmbH, which was taken over in May 2009 by
way of an asset deal and has now been fully integrated into the group,
amounted to approximately 8% and it contributed to growth in sales in 2009
to the tune of about 12.5 percentage points.

Another element in growth in sales is based on revenue recognition from
unfinished work in progress in line with the latest IFRS updates in
accounting procedures. In line with individual project structures, EUR 1.4
million were not reported under unfinished work in progress, but as
additional sales in 2009, in contrast to 2008. But this change has not
affected the group results.

GK Software AG
Waldstrasse 7
08261 Schöneck
Germany

(End of Ad hoc Announcement)

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 291 members of staff (figures for 31 December 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 29 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 (provisional figures). 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 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: rschiller@gk-software.com

15.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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@gk-software.com
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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