DGAP-News: GK Software SE
/ Key word(s): Half Year Results
According to preliminary figures, GK Software SE continued its growth course in the first half of 2021 despite the ongoing global pandemic. Compared with the previous year's figure (EUR 56.16 million), sales rose by 14.6 percent to EUR 64.36 million. This put EBITDA (excluding non-recurring effects) at EUR 12.88 million, more than doubling the previous year's figure of EUR 6.24 million. EBIT calculated on the same basis now amounts to EUR 9.04 million for the first half of 2021 (H1 2020 = EUR 1.96 million), resulting in an EBIT margin of 14.04 percent.
The increase in sales was driven by Deutsche Fiskal's cloud sales and the decision of several new customers in favour of CLOUD4RETAIL, among them a major international retailer and a European petroleum company.
Proceeds from the sale of AWEK microdata GmbH also boosted first-half earnings by a further EUR 2.75 million.
In light of these developments and the existing sales outlook for the second half of the year, the Management Board has confirmed its forecast for 2021 as well as the medium-term forecast up to 2023.
Publication of the H1 Interim Report is scheduled for 26 August 2021.
About GK Software SE
The company employs 1,159 members of staff (figures for 31 March 2021) 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, including Adidas, Edeka, Lidl, Aldi, Coop (Switzerland), Netto Marken-Discount, Hornbach, Migros, Grupo Kuo and Walmart. The software is currently being used at almost 500,000 retail and payment installations across approximately 100,000 stores in more than 60 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 117.6 million in 2020. 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: www.gk-software.com
19.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||GK Software SE|
|Phone:||+49 (0)3 74 64 84 - 0|
|Fax:||+49 (0)3 74 64 84 - 15|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1227562|
|End of News||DGAP News Service|