Schöneck, 22 November 2010 – GK SOFTWARE AG continued to grow during the first nine months of fiscal 2010. According to provisional figures, the company was able to increase its sales by 30 percent to EUR 17.08 million in comparison with the same period in the previous year. The EBIT at EUR 2.38 million was three times higher than the same period in 2009, which was weighed down by a takeover. Based on the third quarter figures, the Management Board assumes that the growth forecast for 2010 will be met.
- Sales increase by 30% in comparison to 2009, according to provisional figures
- EBIT (EUR 2.38 million) more than triples compared to the same period in the previous year
- Growth forecast for 2010 confirmed
GK SOFTWARE AG has completed the first nine months of the current business year with very good results in line with corporate planning. Both sales and the EBIT rose significantly in comparison with the same period in the previous year. According to provisional figures, sales rose by almost 30 percent from EUR 13.16 million to EUR 17.08 million. Overall performance rose by one quarter from EUR 14.59 million in the first nine months of 2009 to EUR 18.25 million in 2010. The EBIT tripled from EUR 0.71 million to EUR 2.25 million, if a comparison is made between 2009 and 2010. However, the lower figure in 2009 was due to special effects connected to the takeover of Solquest GmbH in 2009. The EBIT margin was 13.9 percent during the first nine months of fiscal 2010 (5.4% for the same period in 2009). Based on the results from the first nine months of the year, the current state of completion of projects and the sales pipeline, the Management Board is optimistic about the future. The Board confirmed its forecast of ongoing double digit growth in sales for the complete year in 2010 and an EBIT margin that is similar to previous years.
