GK Software SE — Earnings Release 2011

Oct 24, 2012

News Details

Corporate | 24 October 2012 10:31

GK Software AG: GK SOFTWARE AG wins new orders from Saudi Arabia and Germany

GK Software AG / Key word(s): Incoming Orders

24.10.2012 / 10:31

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• SAP's first sale of GK SOFTWARE AG solutions in the Arabian Peninsula
• New POS project for leading German specialist retail chain

Schöneck, 24. October 2012 – The Saudi Arabian Al Muhaidib Group has signed a contract with SAP for the purchase of SAP Point-of-Sale by GK and SAP Offline Mobile Store by GK for use in its retail outlets for building materials and metals. GK SOFTWARE AG will handle the implementation of the new solution, which will be installed in approximately 180 branches in Saudi Arabia and the GCC countries (Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates). For SAP, this deal marks its first customer for GK SOFTWARE AG solutions in a growth region outside of Europe, just six months after obtaining the rights to sell three of the company's solutions in EMEA.

A second new project will involve the company supplying a new POS solution to Hammer Heimtex, Germany's largest specialist retailer for home textiles with some 170 stores nationwide.

It has been agreed with the customers that details of the size of the projects will remain confidential.

Company profile of GK SOFTWARE AG:

GK SOFTWARE AG is one of Europe's leading technology developers and providers of standard software for the retail sector, and offers an extensive range of products for stores and enterprise headquarters. Thanks to 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 as one of the retail market's leading providers of technology and innovations. Its software enables retail chains with numerous stores to optimally manage their business operations, offering them significant potential for saving costs and implementing customer loyalty programs and hence helping them to improve their competitiveness.

The company employs 428 members of staff (figures for 31 December 2011) across its headquarters in Schöneck (Germany) and five other business locations in Berlin, St. Ingbert, Cologne, Plzen (CZ) and Basel/Riehen (CH). GK SOFTWARE AG's customers include many well-known retailers from both Germany and beyond, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, JYSK Nordic, Lidl, Netto Marken-Discount and Tchibo. The software is currently being used at 140,000 installations across approximately 27,500 stores in more than 30 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 31.8 million in 2011. GK SOFTWARE AG achieved EBIT of EUR 6.65 million (EBIT margin of 21.0% on sales). Since launching the company in 1990, the two founders Rainer Gläß (CEO) and Stephan Kronmüller (deputy board member), together with the experienced management team, have shaped GK SOFTWARE AG into a profitable company exhibiting strong growth.

Further information about the company: www.gk-software.com

Contact:

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

End of Corporate News

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Language:	English
Company:	GK Software AG
	Waldstraße 7
	08261 Schöneck
	Germany
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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189953  24.10.2012