GK Software AG continued to grow its turnover significantly by 26.5 percent to a figure of EUR 53.10 million during the first nine months of 2016, according to provisional figures (first 9M of 2015: EUR 41.98 million).
- Turnover increases by 26.5 percent after nine months, according to provisional figures
- EBITDA reaches EUR 4.04 million
The EBITDA rose greatly to EUR 4.04 million, following a figure of EUR (0.76) million in the previous year. The EBIT reached a figure of EUR 1.04 million (first 9M of 2015: EUR (3.36) million). The reasons for the nine months results were a strong turnover in licenses and a major increase in efficiency in the consulting and implementation department.
Based on these results and the sales opportunities in the first nine months of the year, the Management Board continues to assume that the company will be able to significantly increase its turnover in comparison with the previous year, as expected; and it is maintaining its forecast for the year 2016 and the medium-term without making any changes or amendments.
The full nine months report is expected to be published on November 29.
