GK SOFTWARE AG's preliminary figures show solid 3rd quarter

Sales pipeline filled to an above-average level / Delays to scheduled projects could affect 4th quarter earnings

(PresseBox) ( Schöneck, )
According to preliminary figures, GK SOFTWARE AG's results in the first three quarters of financial year 2012 are showing a slight increase on last year. At EUR 22.40 million, turnover is 10.6 percent up on the same reporting period last year (9M 2011=EUR 20.26 million), resulting in a total operating performance of EUR 23.77 million in the first nine months of 2012, compared with EUR 22.21 million in the previous year. Based on these figures, the company has achieved EBIT of EUR 2.49 million, thus producing an EBIT margin of 11.1 percent on sales (9M 2011=13.9%).

Looking ahead to the fourth quarter, the company's sales pipeline is filled with an above-average number of leads including a large proportion of international prospects. However, the executive board cautions that achievement of the current year's business objectives may be at risk due to delays to a number of key projects which had been scheduled for earlier completion. These will now be completed in the second half of the fourth quarter at the soonest, which could result in expected turnover from new customers not being realised until the next financial year.

Despite the present difficulties in estimating 4th quarter earnings, the company's executive board expects to see further sales growth and stable profit in the financial year 2013.
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