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GK Software SE — Earnings Release 2010
Mar 28, 2011
184_rns_2011-03-28_128464a2-2652-497e-9b67-3c7714807fe3.html
Earnings Release
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News Details
Ad-hoc | 28 March 2011 12:49
GK Software AG: GK SOFTWARE AG Significantly Exceeds Previous Year’s Results according to Provisional Figures
GK Software AG / Key word(s): Preliminary Results
28.03.2011 12:49
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.
- Sales revenues rose by almost one fifth to EUR 27.7 million
- EBIT margin (on sales) of 20.4 percent, EBIT grows by 15.2% to EUR 5.6
million
Schöneck, 15 April 2010 - GK SOFTWARE AG once again had a record year in
2010 according to provisional figures. Sales grew by 19% to EUR 27.7
million (EUR 23.3 million in the previous year) - and this was at the upper
end of expectations published in the Management Board's forecast. Earnings
before tax and interest (EBIT) at the company reached a figure of approx.
EUR 5.6 million (EUR 4.9 million in the previous year). This represents an
EBIT margin on operating performance of 19.0% (20.1% in the previous year).
The basis for this continuing growth at the company during fiscal 2010 was
its ability to win major new projects both at home and abroad and make
scheduled progress in ongoing jobs. The completion of the major project at
EDEKA as part of its LUNAR program, which was achieved with SAP, was
particularly important during 2010.
GK Software AG
Waldstrasse 7
08261 Schöneck
Germany
(End of the Ad-hoc report)
Information and Explaination of the Issuer to this News:
To mark the publication of the provisional figures, GK SOFTWARE AG is
organizing an analysts' conference at 2 p.m. on 28 March 2011; please call
+49 (0)69 247 501 890 to hear André Hergert, CFO at GK SOFTWARE AG, present
and explain the provisional figures.
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 André Hergert
(CFO), have made GK SOFTWARE AG a profitable company with strong growth
since 1990.
Further information about the company: www.gk-software.com
Investor Relations
GK SOFTWARE AG
Dr. René Schiller
Phone.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
e-mail: [email protected]
28.03.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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 Announcement DGAP News-Service