22.05.2015
GK Software AG DE0007571424
DGAP-News: GK Software AG increase sales approximately 40 percent in the first quarter of 2015
DGAP-News: GK Software AG / Key word(s): Quarter Results
GK Software AG increase sales approximately 40 percent in the first
quarter of 2015
22.05.2015 / 16:46
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- Sales grew to EUR 12.98 million according to provisional figures
- Forecast for 2015 remains unchanged
During the first three months of fiscal 2015, GK SOFTWARE AG was able to
increase sales by EUR 3.65 million to EUR 12.98 million. (Q1 2014: EUR 9.33
million). Earnings before interest and taxes (EBIT) amounted to -EUR 0.88
million (Q1 2014: -EUR 1.08 million) and was thus above expectations for
the first quarter. This provided an EBIT margin related to sales of -6.8%
during the first quarter. The acquisition of the retail business segment
from DBS Data Business Solutions, Inc. in the USA in March 2015 did not
have any significant impact on the quarterly results of GK Software.
The Management Board maintains its forecast for 2015 and believes that an
increase of sales is probable. A forecast about the profit at the end of
the year is currently not possible.
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 618 members of staff (figures for 31 December 2014)
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 202,000
installations across approximately 38,300 stores in more than 38 countries.
The company has grown rapidly in recent years and its sales revenues
totaled EUR 44.6 million in 2014. 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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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
End of News DGAP News-Service
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361265 22.05.2015
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