GK Software : Growth in turnover continues

DGAP-News: GK Software SE / Key word(s): 9 Month figures GK Software - Growth in turnover continues 26.11.2018 / 09:30 The issuer is solely responsible for the content of this announcement. Turnover continues to increase (+13.6 percent) Eight new customers during the first nine months GK Software SE has been able to increase its turnover by 13.6 percent or EUR 8.96 million compared to the same period in the previous year according to the nine-month report that has been published today. This development was largely achieved by an increase in turnover in the GK/Retail core business segment; this rose by 22.7 percent. Attracting eight new customers on all continents, including several in the USA, made a major contribution to this process. EBITDA reached a figure of EUR 3.83 million. On the basis of these results and the sales opportunities for the remainder of this financial year, the Board continues to assume that the Company will be able to further increase its turnover in comparison with the previous year. This expectation is based on the sales opportunities that are being processed and on work that has been performed during the past nine months, but has not yet been entered as turnover; nevertheless, the conditions for this will exist during the 4th quarter. The Board is standing by its short-term forecast for earnings in 2018, but would point out that meeting it will depend on achieving individual sales success stories during the current financial year. The medium-term forecast up to 2020 is being maintained without any change. The nine-month report was published today at the following addresses: German: https://investor.gk-software.com/de/veroeffentlichungen/financial-reports?task=download&cid[0]=646 English: https://investor.gk-software.com/de/veroeffentlichungen/financial-reports?task=download&cid[0]=647 About GK Software SE GK Software SE is a leading developer and provider of standard software for the retail sector, and currently counts 22 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 SE 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. In 2017, the company acquired a majority shareholding in prudsys AG, a company focused on artificial intelligence. In 2018, the valuephone GmbH was acquired, which develops leading solutions for mobile consumers. The company employs 1,147 members of staff (figures for 30 June 2018) 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 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 279,000 installations across approximately 46,000 stores in 50 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 90.5 million in 2017. 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: http://www.gk-software.com Contact Investor Relations GK Software SE Dr. René Schiller Phone: [phone] Fax: [phone] E-mail: [e-mail] 26.11.2018 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. Archive at www.dgap.de

Language:	English
Company:	GK Software SE
	Waldstraße 7
	08261 Schöneck
	Germany
Phone:	[phone] - 0
Fax:	[phone] - 15
E-mail:	[e-mail]
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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