GK Software SE
- WKN: 757142
- ISIN: DE0007571424
- Land: Deutschland
Nachricht vom 20.04.2020 | 17:05
GK Software SE continued to grow strongly in 2019, increasing its turnover once again - the previous year's EBITDA (earnings before interest, taxes, depreciation and amortisation) were significantly exceeded
DGAP-News: GK Software SE
/ Key word(s): Annual Results
GK Software SE clearly reached its forecast goals for 2019, according to provisional figures, and, by generating turnover of EUR 115.5 million, exceeded the previous year's figure by about 9 percent. Earnings before interest, taxes and amortisation at EUR 12.5 million were EUR 5.7 million or 83.7 percent higher than the results in the 2018 financial year. The resulting EBIT will also be significantly higher than the figure for the previous year, subject to the changes in assessment. The very consistent, ongoing business with existing customers, gaining new projects and a positive contribution from the US division for the first time formed the basis for these results. The turnover and revenues continued to be supported by the contributions made by the smaller companies within the Group and by recognising turnover, for which work had already been performed in earlier periods.
The first three months of this financial year also show that the Company is well on the way to meeting its medium-term forecast in 2020, subject to the effects of the ongoing developments in the current coronavirus crisis. The Management Board would refer you to the financial report for 2019 for more information.
About GK Software SE
The company employs 1,173 members of staff (figures for 30 September 2019) 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 Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, Lidl, Migros, Netto Marken-Discount and Tchibo. The software is currently being used at 304,000 installations across approximately 56,400 stores in 60 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 106.2 million in 2018. 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
GK Software SE
Dr. René Schiller
Ph.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
|Company:||GK Software SE|
|Phone:||+49 (0)3 74 64 84 - 0|
|Fax:||+49 (0)3 74 64 84 - 15|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1025669|
|End of News||DGAP News Service|
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