GK Software SE
GK Software – Figures improve significantly after a strong third quarter
DGAP-News: GK Software SE
/ Key word(s): Quarterly / Interim Statement
According to provisional figures, GK Software SE was able to significantly increase its turnover by 6.5 percent to EUR 79.73 million compared to the same period in the previous year. This development was largely achieved by an increase in turnover in the GK/Retail core business segment; the latter actually increased by 9.3 percent. This was not only possible because the Company attracted eight new customers, including several in the USA, but also through settling accounts for work from previous periods. The EBITDA therefore amounted to EUR 2.61 million during the first nine months of the year and the figure for the third quarter alone was as much as EUR 3.19 million. This followed a negative EBITDA figure in the first quarter and a balanced figure in the second. Based on these developments, the Management Board still assumes that the Company will continue to increase its turnover compared to the previous year and achieve the profits forecast for the year 2019. However, it would point out that this will only be possible if individual sales successes actually materialise during the current financial year. The medium-term forecast up to 2020 is being maintained without any changes. The nine-month report is being published at 25th of November at the following addresses: German: https://investor.gk-software.com/de/veroeffentlichungen/financial-reports?task=download&cid=710 English: https://investor.gk-software.com/de/veroeffentlichungen/financial-reports?task=download&cid=711 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 Contact Investor Relations
21.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | GK Software SE |
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 |
EQS News ID: | 918777 |
End of News | DGAP News Service |