GK Software SE

  • WKN: 757142
  • ISIN: DE0007571424
  • Land: Deutschland

Nachricht vom 30.04.2020 | 16:03

GK Software - Delay to the publication of its financial statement

GK Software SE / Key word(s): Annual Results
GK Software - Delay to the publication of its financial statement

30-Apr-2020 / 16:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


GK Software SE will probably only be able to publish its annual accounts for the 2019 financial year at the end of May 2020. The delay has been caused by the enormous restrictions on the preparation work that are due to the current corona crisis. In the end, this has made it impossible to complete the consolidated financial accounts on time. During the course of this process, a new discovery was made only yesterday evening related to the valuation of pension provisions and it has not been feasible to resolve this by today. As a result, it is possible that EBITDA could decline by up to EUR 1.4 million compared to the provisional figures that were announced.

GK Software SE
Waldstraße 7
08261 Schöneck
Germany
WKN 757142
ISIN DE0007571424
Listed: Frankfurt (Prime Standard)

(End of the obligatory announcement)

About GK Software SE
GK Software SE is a leading developer and provider of standard software for the retail sector, and currently counts 22 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 SE 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 AG, a company focused on artificial intelligence. In 2018, the valuephone GmbH was acquired, which develops leading solutions for mobile consumers.

The company employs 1,139 members of staff (figures for 30 September 2018) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, South Africa, Russia, Ukraine and the USA. GK Software SE'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 279,000 installations across approximately 46,000 stores in 50 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 90.5 million in 2017. 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 into a profitable company exhibiting strong growth.

Further information about the company: http://www.gk-software.com

Contact:
Investor Relations
GK Software SE
Dr. René Schiller
Ph.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-mail: rschiller@gk-software.com

30-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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