GK Software AG, DE0007571424

GK Software AG, DE0007571424

12.07.2017 - 11:32:58

GK Software gains significant sales successes during the 1st half of 2017

GK gains several new projects with global top 50 retailers First major project in South Asia

GK Software AG is continuing its successful course of business during the current financial year, 2017. Alongside excellent developments in the service business, the company was able to gain several significant new projects involving leading international retailers. Not only has the first major existing customer decided to implement a complete switch to OmniPOS within a new project, but two other retailers, which are also among the global top 50, also opted to introduce the solutions sold by SAP and developed by GK Software. While one of the projects is based in southern Europe, the second will be introduced in Asia and South Africa. The company was also able to gain business from a supermarket chain in Switzerland and a DIY store operator in Canada during the second quarter. The new projects involve introducing OmniPOS to approx. 4,300 stores located in more than five countries.

The Management Board views the gaining of these projects as confirmation of the company's plans for the current year; it is therefore adhering to its forecast, as published in the announcement made on the 1st quarter, without making any changes.

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 914 members of staff (figures for 31 March 2017) 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: rschiller@gk-software.com

12.07.2017 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.de

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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

592057  12.07.2017 

@ dgap.de

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