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DGAP-News: GK Software SE / Key word(s): Quarterly / Interim Statement
GK Software SE has continued on its growth track in the first quarter of 2021, recording a massive increase in earnings over comparative figures for the previous year. This growth has seen the company's EBIT nearly triple to 3.20 million euros (Q1 2020 = 1.06 million euros). The EBITDA was 5.13 million euros, an increase of nearly 2 million euros over the previous year (Q1 2020 = 3.26 million euros) that can be attributed to sales growth of 4.9 per cent to 30.45 million euros (Q1 2020 = 29.02 million euros).
These results were achieved on the basis of two new customer acquisitions in Germany and Mexico, strong business with existing customers, and the ongoing implementation of the measures in the company's efficiency program. The company's performance also backs up the Management Board's forecast for the whole of 2021, which continues to be supported by a strong sales pipeline and additional sales from Deutsche Fiskal starting in the second quarter. The sale of AWEK microdata has no impact on the forecast.
The quarterly report is available for download at https://investor.gk-software.com/en/publications/financial-reports?task=download&cid=844.
About GK Software SE
The company employs 1,162 members of staff (figures for 31 December 2020) 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
27.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
GK Software SE
+49 (0)3 74 64 84 - 0
+49 (0)3 74 64 84 - 15
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange
EQS News ID:
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