05.04.2017
GK Software AG DE0007571424
DGAP-News: GK Software again set a new record for turnover in 2016 and significantly increased profits, according to provisional figures
DGAP-News: GK Software AG / Key word(s): Preliminary Results
GK Software again set a new record for turnover in 2016 and significantly
increased profits, according to provisional figures
05.04.2017 / 16:36
The issuer is solely responsible for the content of this announcement.
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* Growth in turnover of 23.5 percent to EUR 77.33 million (provisional
figures)
* EBITDA grew many times over to EUR 7.80 million, EBIT reached EUR 3.94
million
* Revenue from cloud solutions developing positively
According to provisional figures, GK Software was once again able to
significantly increase its turnover to EUR 77.33 million and exceed the
previous year's figure of EUR 62.6 million by 23.5 percent. The EBITDA
reached EUR 7.80 million, following a figure of EUR 2.2 million in 2016 and
therefore improved by 258 percent. In line with the provisional figures, the
EBIT amounted to EUR 3.94 million and therefore increased by EUR 5.22
million over the previous year's figure (2015 EBIT, EUR (1.28) million).
This provided an EBIT margin on turnover of 5.1 percent (in the previous
year: (2.0)). Overall, profits for 2016 were at the upper end of the
company's expectations and were within the medium-term forecast for the
period until 2018.
A significant increase in turnover in all the business units (licenses,
services and maintenance) formed the basis for growth during the financial
year. Together with SAP it was possible to attract eight new customers in
Europe, the USA and Central America to the new OmniPOS solution during the
2016 financial year. The development of this cloud solution, which was
officially presented at the beginning of 2016, has therefore proceeded in an
extremely positive manner. The first project in Ireland and Great Britain,
for example, has already been completely rolled out and three other projects
with installations in the USA and Switzerland have now entered productive
service for the first time. Regardless of these phenomena, other customers
of SAP have opted for the Central Pricing Engine developed by GK (which is
also a cloud solution). One major driving force for the improvement in
profits has not only been license revenues, but also the significant
improvement in revenues in the field of the company's service business. The
measures adopted at the end of 2015 have already had a strong impact.
Based on the provisional results for 2016, a well-filled sales pipeline and
the competitiveness of the new OmniPOS solution, which has already been
proven, the Management Board is confident that the company will be able to
reach the goals set in the medium-term forecast for the period until 2018
and is standing by this without making any changes.
The full financial statement for GK Software will probably be published on
27 April 2017.
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.
The company employs 840 members of staff (figures for 30 September 2016)
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
223000,000 installations across approximately 41700,000 stores in 42
countries. The company has grown rapidly in recent years and its sales
revenues totaled EUR 62.6 million in 2015. 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
Contact
Investor Relations
GK Software AG
Dr. René Schiller
Phone: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-mail: [email protected]
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05.04.2017 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.
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Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: 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 protected]
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
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562403 05.04.2017
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