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Within this Migros decided to equip its stores with the five GK SOFTWARE AG solutions directly distributed by SAP (SAP Point-of-Sale by GK, SAP Store Device Control by GK, SAP Mobile Offline Store by GK, SAP Open Scale Management by GK and SAP Label & Poster Print by GK).
GK SOFTWARE AG also assumes the implementation of the overall project in which all locations in the various sales divisions of the ten Migros Cooperatives in Switzerland will be equipped. Within the development of the new point-of-purchase Migros will introduce innovative Omni-Channel capabilities with which Migros will reach a new level of customer contact and service.
Schöneck/Leipzig, 25 January 2012 The auditing company Deloitte presented the famous 2011 Axia Award to GK SOFTWARE AG at a special event.
This year the prize was awarded to corporations, which have a clear strategic focus, an efficient and flexible controlling system and human resources management. The CEO of GK SOFTWARE AG, Rainer Gläß, accepted the prize awarded by a high-ranking jury consisting of business experts and academics at a special gala in Leipzig.
The jury justified its decision by highlighting the fact that GK SOFTWARE has developed into an extraordinarily successful corporation as a provider of standard software for the retail trade as a result of a great deal of perseverance and visionary thinking. Rainer Gläß said at the prize-giving ceremony that he was accepting the award on behalf of all the company’s employees, as the success story at GK SOFTWARE AG would be inconceivable without the commitment and productivity of each individual.
You can find a series of photos related to the prize-giving ceremony at:
http://www.bildschoen-berlin.de/deloitte_axia2011/leipzig/
You can find the film prepared for the prize-giving ceremony at:
http://www.deloitte.com/view/de_DE/de/focus-on/mittelstand/axia-award/multimedia_kanal/ost_elf/index.htm.
Schöneck, 12. November 2012 – GK SOFTWARE AG has received the Sustained Excellence Award at the 2012 Deloitte Fast 50 awards ceremony held recently in Munich, Germany.
With this prestigious prize, the high-calibre jury honours companies which stand out not only thanks to their long-term growth but also and above all because of their strong financial performance and focus on innovation. During the ceremony, GK SOFTWARE AG was also named as one of the 50 fastest-growing technology companies in Germany for the fifth consecutive year. André Hergert, CFO of GK SOFTWARE AG, comments: “We are delighted that our long-standing success in achieving corporate growth has received such high-profile recognition in the form of the Deloitte Fast 50 and Sustained Excellence Award.”
Schöneck, 24. October 2012 – The Saudi Arabian Al Muhaidib Group has signed a contract with SAP for the purchase of SAP Point-of-Sale by GK and SAP Offline Mobile Store by GK for use in its retail outlets for building materials and metals.
GK SOFTWARE AG will handle the implementation of the new solution, which will be installed in approximately 180 branches in Saudi Arabia and the GCC countries (Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates). For SAP, this deal marks its first customer for GK SOFTWARE AG solutions in a growth region outside of Europe, just six months after obtaining the rights to sell three of the company’s solutions in EMEA.
A second new project will involve the company supplying a new POS solution to Hammer Heimtex, Germany’s largest specialist retailer for home textiles with some 170 stores nationwide.
It has been agreed with the customers that details of the size of the projects will remain confidential.
Schöneck, 4/17/2012 – GK SOFTWARE AG is publishing its final figures for fiscal 2011 today.
Sales during this record year rose by approx. 15% to EUR 31.8 million (EUR 27.7 million in the previous year). This represents an EBIT margin on sales of 21.0% (23.2% in the previous year). The annual net income amounted to EUR 4.56 million. This represents earnings per share of EUR 2.55. Based on these results, Management Board and Supervisory Board will suggest to the main shareholders’ meeting that a dividend will be paid of EUR 0.50.
Following the approval of the annual accounts by the Supervisory Board yesterday, GK SOFTWARE AG will publish its full figures for 2011 in the form of its annual re-port on 18 April 2012.
The acquisition comprises purchase of the company shares in both the AWEK-Group holding and AWEK GmbH and assumption of the AWEK-Group’s financial liabilities. The parties agreed not to disclose the volume of the transaction.
Schöneck, 3/30/2012 – Preliminary figures reveal that GK SOFTWARE AG in-creased its sales by more than ten percent for the eighth time in succession in 2011.
Sales rose to EUR 31.8 million during fiscal 2011 (EUR 27.7 million in the previous year). The margin on earnings before interest and taxes (EBIT) rose more than had been forecasted to a figure of 21 percent. The EBIT figure itself amounted to EUR 6.65 million, 3.4 percent higher than in the previous year (EUR 6.43 million).
Schöneck, 8. November 2012 – According to preliminary figures, GK SOFTWARE AG’s results in the first three quarters of financial year 2012 are showing a slight increase on last year.
At EUR 22.40 million, turnover is 10.6 percent up on the same reporting period last year (9M 2011=EUR 20.26 million), resulting in a total operating performance of EUR 23.77 million in the first nine months of 2012, compared with EUR 22.21 million in the previous year. Based on these figures, the company has achieved EBIT of EUR 2.49 million, thus producing an EBIT margin of 11.1 percent on sales (9M 2011=13.9%).
Looking ahead to the fourth quarter, the company’s sales pipeline is filled with an above-average number of leads including a large proportion of international prospects. However, the executive board cautions that achievement of the current year’s business objectives may be at risk due to delays to a number of key projects which had been scheduled for earlier completion. These will now be completed in the second half of the fourth quarter at the soonest, which could result in expected turnover from new customers not being realised until the next financial year.
Despite the present difficulties in estimating 4th quarter earnings, the company’s executive board expects to see further sales growth and stable profit in the financial year 2013.
As the biggest independent supplier of 1st and 2nd level support services as well as nationwide field services to the German retail sector, the AWEK-Group ideally complements the GK SOFTWARE AG retail service offering. Furthermore, the AWEK Group sells software to several leading German retailers including Globus, bakery chain Kamps, book wholesaler KNV and Strauss Innovation, all of whom will be new customers for GK SOFTWARE. The AWEK-Group generated revenues of EUR 12.3 million in 2011.
The acquisition should comprises purchase of the company shares in both the AWEK-Group holding and AWEK GmbH and assumption of the AWEK-Group’s financial liabilities. The parties agreed not to disclose the volume of the transaction. The completion of the transaction is planned for this year.
Schöneck, 12. November 2012 – GK SOFTWARE AG, an SAP® software solution and technology partner in the retail sector, will be exhibiting the first Point-of-Sale (POS) solution worldwide on the SAP HANA® platform at the SAPPHIRE® NOW conference being held in Madrid, November 13-15. This solution will enable retail customers to use the latest technologies down to the POS system level. This will result in a wide variety of potential savings and opportunities for optimizing performance, helping customers to address business-critical challenges in the retail sector.
At SAPPHIRE NOW, GK SOFTWARE (booth 1018) will be holding several roundtable discussions, a microforum and a presentation highlighting the benefits resulting from the cooperation with SAP in extending solutions from GK SOFTWARE. One presentation will highlight the SAP Point-of-Sale application by GK leveraging the capabilities and benefits of SAP HANA. By integrating with SAP HANA, the application will reduce the time needed to access information critical to a retailer’s business, leading to better optimized retail operations.
Michael Jaszczyk, CTO at GK SOFTWARE, commented: “SAP HANA will have a massive impact on retail. We believe it is truly the enabling platform that will unleash the power of omni-channel services in cloud environments."
SAP HANA is a completely re-imagined platform for real-time business. It transforms business by streamlining transactions, analytics, planning, predictive and sentiment data processing on a single, in-memory database so business can operate in real time.
“The utilization of SAP HANA provides our retail customers with the tools needed to positively impact and effectively run their retail operations in a way that best serves their customers,” said Thomas Vetter, senior vice president, Retail & Multichannel Product Management, and Lori Mitchell-Keller, senior vice president and head of Global Retail Industry Business Unit, SAP. “Our partnership with GK Software is an important component of the SAP Retail solution portfolio. Our strategic relationship has been further strengthened by the development investment GK Software has made in integrating SAP HANA with its solutions. Leveraging SAP HANA is yet another step to optimize our end-to-end solution portfolio for retail customers.”
SAP, SAP HANA, SAPPHIRE and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.
All other product and service names mentioned are the trademarks of their respective companies.
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Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
The Retail Innovators