GK SOFTWARE AG Enjoys a Successful First Quarter
- Sales revenues grow by 25% compared to the same period last year
- EBIT increases by 20% in comparison with the first quarter of 2009
GK SOFTWARE AG was able to continue its successful course during the first quarter of this year. Sales rose by 25% to EUR 5.75 million (EUR 4.59 million in the previous year) according to the quarterly figures released today. The EBIT at EUR 1.06 million exceeded the previous year's figure by 20% (Q1 in 2009: EUR 0.86 million).Total operating performance rose by 34.8% to EUR 6.17 million (EUR 4.58 million in Q1 in 2009). In terms of sales, the company achieved an EBIT margin of 18.4%. Earnings per share were EUR 0.44 after the first three months of 2010. The Management Board has confirmed its forecast of double digit growth in sales for the current business year with continuing good levels of profitability.
The complete business report has been published at the following address: http://investor.gk-software.com/de-ipo-news/financial-reports/q1-interim-report-10
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 298 members of staff (figures for 31 March 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 wellknown 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. 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.