Corporate | 24 August 2015 13:57
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GK Software AG / Key word(s): Half Year Results
Schöneck, 24. August 2015 – GK Software AG increased its turnover by 32.9 percent to a figure of EUR 26.86 million during the first half of 2015, according to provisional figures (2014 = EUR 20.21 million). The EBIT amounted to EUR (2.28) million, following a figure of EUR (1.33) million in the same period in 2014. This resulted in an EBIT margin based on turnover of -8.5 percent. The losses per share were EUR (1.54). Compared to the previous year, the results were largely affected by the assets identified in the preliminary purchase price allocation arising from the acquisition of the retail division of DBS Data Business Systems Ltd. and the scheduled amortisation conducted in response to this -and also by the additional expenditure triggered by the establishment of the branches in the USA and South Africa. At EBITDA level (earnings before interest, taxes, depreciation and amortisation), the EBITDA amounted to EUR (0.69) million in the first half of 2015, following a figure of EUR (0.34) million in the previous year. In the light of the information available, the Management Board continues to believe that the company will be able to significantly increase turnover in 2015 in comparison with the previous year if business goes well, while the earnings could be slightly negative on account of the special effects already mentioned. The full accounts for the first half of 2015 will probably be published on 27 August.
About GK Software AG
The company employs 670 members of staff (figures for 31 March 2015) 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 206,000 installations across approximately 38,400 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
2015-08-24 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. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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: | 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 | |
| End of News | DGAP News-Service |
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| 388835 2015-08-24 |