GK Software SE — Regulatory Filings 2009

Nov 4, 2009

News Details

Corporate | 4 November 2009 08:00

GK Software AG: GK SOFTWARE AG and the biggest Russian retailer X5 agreed upon cooperation for redesign of store IT

GK Software AG / Agreement

04.11.2009

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Schöneck, 04 November 2009 - GK SOFTWARE AG and X5 Retail Group agreed upon
cooperation to redesign the store solution of Russia's leading retailer.

Through the terms of this agreement, GK SOFTWARE AG will implement the
GK/Retail Store Solution in a pilot store in Moscow, which is scheduled for
completion by the end of the fourth quarter of 2009. Accomplishing this
project within eight weeks, including all country-specific requirements
such as fiscalization and local language support highlights the global
readiness and extraordinary performance of the GK/Retail standard solution.

The X5 Retail Group is Russia's largest retailer operating more than 1,000
company-own stores and over 600 franchise outlets in five different formats
throughout Russia. In the opinion of the GK SOFTWARE AG Management Board,
the X5 project once again demonstrates the international capabilities and
the breadth of functionality provided with the GK/Retail solution. Rainer
Gläß, CEO of GK SOFTWARE AG states: 'Successfully entering the Russian
market is an important milestone in the development of our international
growth strategy.'

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 294 members of staff (figures for 30
June 2009) at company head-quarters 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
Marken-Discount and Tchibo. The software is currently being used in 25
countries at 57,000 POS units in approx. 13,500 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: rschiller@gk-software.com

04.11.2009 Financial News transmitted by DGAP

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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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