• Turnover reached EUR 115.5 million, according to provisional figures
• Earnings before interest, taxes, depreciation and amortisation (EBITDA) at EUR 12.5 million

GK Software SE clearly reached its forecast goals for 2019, according to provisional figures, and, by generating turnover of EUR 115.5 million, exceeded the previous year's figure by about 9 percent. Earnings before interest, taxes and amortisation at EUR 12.5 million were EUR 5.7 million or 83.7 percent higher than the results in the 2018 financial year. The resulting EBIT will also be significantly higher than the figure for the previous year, subject to the changes in assessment. The very consistent, ongoing business with existing customers, gaining new projects and a positive contribution from the US division for the first time formed the basis for these results. The turnover and revenues continued to be supported by the contributions made by the smaller companies within the Group and by recognising turnover, for which work had already been performed in earlier periods.

The first three months of this financial year also show that the Company is well on the way to meeting its medium-term forecast in 2020, subject to the effects of the ongoing developments in the current coronavirus crisis. The Management Board would refer you to the financial report for 2019 for more information.

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. According to a study published by RBR 2019, the Company is one of the leading international providers of POS software and is the second-fastest growing business in the industry in terms of the number of installations worldwide. 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 1,173 members of staff (figures for 30 September 2019) 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 Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, Lidl, Migros, Netto Marken-Discount and Tchibo. The software is currently being used at 304,000 installations across approximately 56,400 stores in 60 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 106.2 million in 2018. 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: -software.com

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