GK Software - Turnover increases by 30 percent during Q1
According to provisional figures, GK Software AG was able to significantly exceed its turnover for the previous year of EUR 15.44 million - by approx. 30 percent; the figure for the first quarter of 2017 was EUR 20.12 million. This development was primarily achieved by a large rise in the company's software development business and an increase in maintenance turnover. Although the first quarter was still characterised by a low contribution from the licence business, as is normal at this time of the year, EBITDA at EUR 1.0 million were significantly higher than the previous year's figure of EUR (0.48) million. EBIT too at EUR 0.17 million exceeded the previous year's figure of EUR (1.47) million to a substantial degree.
Based on these results and the sales opportunities for the rest of the financial year, the Management Board continues to expect the company to be able to increase its turnover in comparison with the previous year in line with expectations; and it is standing by its forecast for the year 2017 and the medium term, as published in the financial statement for 2016.
The Q1 statement will probably be published on 30 May.
About GK Software AG GK Software AG is a leading developer and provider of standard software for the retail sector, and currently counts 20 percent of the world's 50 largest retailers among its customer base. The company offers an extensive range of solutions for stores and enterprise headquarters as well as for the implementation of contemporary omni-channel retail concepts. Thanks to its open and platform-independent software solutions in the GK/Retail Suite, the company has established itself as one of the market's leading providers of technology and innovations. Its solutions enable retail chains with numerous stores to optimize their business processes and to benefit from significant potential for saving costs and implementing customer loyalty programs in order to improve their competitiveness. In addition to its own software solutions, GK Software AG also offers customers a comprehensive range of implementation and maintenance services. Having been acquired in 2013, AWEK GmbH and in 2015, the retail segment of DBS Data Business Systems Inc.
The company employs 911 members of staff (figures for 31 December 2016) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, South Africa, Russia and the USA. 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, Loblaw, Migros, Netto Marken-Discount and Tchibo. The software is currently being used at 223,000 installations across approximately 41,700 stores in 42 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 77.3 million in 2016. 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: http://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@example.com
23.05.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: 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: firstname.lastname@example.org Internet: www.gk-software.com ISIN: DE0007571424 WKN: 757142 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service