GK Software continues its successful growth course
GK Software AG continued to grow its turnover significantly by 24.2 percent to a figure of EUR 65.93 million during the first nine months of 2017, according to provisional figures (first 9M of 2016: EUR 53.10 million). The EBITDA rose greatly to EUR 6.73 million, following a figure of EUR 4.04 million in the previous year. The EBIT reached a figure of EUR 4.11 million (first 9M of 2016: EUR 1.04 million).
Based on these results and the sales opportunities in the first nine months of the year, the Management Board continues to assume that the company will be able to significantly increase its turnover in comparison with the previous year, as expected; and it is maintaining its forecast for the year 2017 and the medium-term without making any changes or amendments.
The full nine months report is expected to be published on November 27.
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. In 2017, the company acquired a majority shareholding in prudsys GmbH, a company focused on artificial intelligence.
The company employs 944 members of staff (figures for 30 June 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 239,000 installations across approximately 41,700 stores in 40 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.comContact: Investor Relations GK Software AG Dr. René Schiller Ph.: +49 (0)37464-84-264 Fax: +49 (0)37464-84-15 E-mail: firstname.lastname@example.org
15.11.2017 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: email@example.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