GK Software SE

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

Nachricht vom 29.05.2020 | 17:03

GK Software - Successful I. Quarter 2020 - Sales and EBIT shows Significant Increase over Previous Year

DGAP-News: GK Software SE / Key word(s): Quarterly / Interim Statement/Quarter Results
29.05.2020 / 17:03
The issuer is solely responsible for the content of this announcement.

  • Sales growth of 18.2 percent in the first quarter
  • Earnings before taxes and depreciation: EUR 3.26 million

The figures released today show that GK Software SE can report an extremely successful first quarter in 2020. Turnover reached 29.02 million Euros with a significant increase in sales volume of 18.2 percent (2019 = 24.56 million Euros). While earnings before taxes, interest and depreciation could be increased by Euro 3.90 million to Euro 3.26 million, the operating result amounted to 1.06 million Euros, 3.88 million Euros more than in the previous year.

The Management Board believes that the company is on track to meet its medium-term forecast for 2020 in terms of both sales and operating results. However, sales growth, particularly in new business and especially in licensing agreements, could be lower than stated in the medium-term forecast for 2020 as a result of the COVID-19 crisis and the various contact and travel restrictions in place, although, based on the course of the financial year to date, the Management Board still expects an increase in sales and a further significant improvement in results. These statements are subject to the considerable reservation that it will be difficult to estimate the duration and depth of the crisis and its consequences for the various regional markets in which the Group operates, so actual developments could deviate significantly from this assessment.

The report was published at https://investor.gk-software.com/de/veroeffentlichungen/financial-reports?task=downloadid=721.

The annual report for the 2019 financial year will be published in the first week of June following approval by the Supervisory Board.

About GK Software SE
GK Software SE is a globally operating developer and provider of standard software for the retail trade and counts 22 percent of the world's 50 largest retailers among its customers. According to a study published by RBR in 2019, the company is one of the leading international providers of POS software and the second fastest growing company in the industry worldwide in terms of installation figures. It offers a comprehensive range of solutions for medium-sized and large retailers and is a leader in the implementation of modern omni-channel concepts. Through its open cloud4retail platform, the company has established itself as a market leader in technology and innovation. Its product portfolio enables large chain-store retailers to optimize their business processes and achieve significant customer loyalty and cost-cutting potential to increase their competitiveness in the omni-channel environment. The open cloud platform is complemented by retail-oriented solutions based on artificial intelligence, mobile consumer-centric applications and payment solutions. For German-speaking Europe, the company offers a solution for small and medium-sized retailers under the name euroSUITE.

The company employs 1,168 people at its headquarters in Schöneck and other locations in Germany, the Czech Republic, Switzerland, South Africa, Russia, Ukraine and the USA (as of 31 December 2019). GK Software serves many well-known German and foreign retail clients, including Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, Lidl, Migros, Netto Marken-Discount and Tchibo. Its software is used in almost 60 countries, with some 304,000 installations in over 56,400 stores in Germany and abroad. Since its IPO in 2008, the company has grown more than sevenfold and achieved sales of EUR 106.2 million in the 2018 financial year. 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: https://www.gk-software.com


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

29.05.2020 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.
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