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Schöneck, Magdeburg 3 September 2011 – GK SOFTWARE AG has been awarded the renowned “Prestigious Prize for Medium-Sized Enterprises.” The prize is one of the most important business awards in Germany and was awarded in a competition, which this year attracted nominations from more than 3,500 corporations from all over the country.
GK SOFTWARE AG was awarded the “Prestigious Prize for Medium-Sized Enterprises” for its long-term economic success at a ceremony held at the Hotel Maritim in Magdeburg; the competition involved corporations from all over Germany. In their statement, the jury members paid tribute to the corporation’s extraordinary development from a “two-man company in 1990 to an internationally recognized service provider for trading corporations with more than one hundred thousand installations in over 30 countries,” which therefore makes it one “of the most important players in the international market for store solutions – for instance, at Tchibo, Galeria Kaufhof, Douglas, Netto and Lidl.”
At the ceremony where the prize was presented to the founder and CEO of GK SOFTWARE AG, Rainer Gläß, special mention was also made of the “close level of cooperation with regional training centers, the special trainee program at a ceremony held at the Hotel Maritim in Magdeburg s and the other recruiting measures directed at the region” – and GK SOFTWARE AG’s commitment to promoting local business in the economically underdeveloped Vogtland region.
The Oskar Patzelt Foundation has been organizing the “Prestigious Prize for Medium-Sized Enterprises” competition for 17 years in order to highlight outstanding corporate achievements and award a prize for these. Local authorities, institutes and leading figures nominated 3,522 medium-sized enterprises from across Germany for this year’s “Prestigious Prize for Medium-Sized Enterprises” competition.
Schöneck, 13 December 2010 - A leading German retailer in the watch and jewelry sector has decided to equip its stores, which number far more than 100, with the GK/Retail store software. As a result, GK SOFTWARE AG has managed to tap into a new retail business area, the luxury sector.
Schöneck, 30 November 2010 – GK SOFTWARE AG has received an order from Unicarepharmacy Ltd, its first business dealings in Ireland. The company will supply all 72 pharmacies of the Irish market leader with its GK/Retail software. The scope of the order covers the supply of a comprehensive EPOS solution for the Unicarepharmacy and DocMorris brands.
GK SOFTWARE will therefore be adjusting its standard software to the special requirements needed by the pharmacy sector. The order from Unicarepharmacy means that GK SOFTWARE AG has gained six international customers within a period of two years.
Schöneck, 21 January 2010 – GK SOFTWARE AG announces an order from the Austrian MPREIS group of companies to provide the store and enterprise solutions for all its approx. 180 stores in Austria and Italy.
The Austrian food retail company MPREIS selected the solutions provided by GK SOFTWARE AG in order to re-equip its store IT services. MPREIS focuses on innovative and comprehensive store concepts and concentrates on organic products and regional foods. GK SOFTWARE AG’s continued success in gaining international retailers demonstrates the successful implementation of its internationalization concept with the announcement of the fourth project during the past 18 months.
MPREIS selected a broad range of solutions provided within the GK/Retail suite, including relocating the store servers at its 182 supermarkets to GK’s Enterprise Lean Store Server at its corporate headquarters.
The central focus of the GK SOFTWARE AG stand at the forthcoming EuroCIS in Düsseldorf (Hall 14, stand E 64) will be the presentation of a comprehensive approach to Enterprise Store Processing (ESP). GK SOFTWARE AG will be showing how all the IT-supported business processes in a store can be realized by using an extensive, fully modularized building block system based on the GK/Retail suite.
The latest technology, innovative software architectures and a variety of new or perfected solutions for stores are the major focus at GK SOFTWARE AG's stand at the trade fair this year. Europe's leading store suite, GK/Retail, has been comprehensively updated and improved - from the point of sale to end-to-end store merchandise management processes, automatic label printing and even digital signage. The "GK Solutions for SAP" are a major focus of the package. They enable the end-to-end integration of store processes with a central SAP system online and offline with a level of quality that was not possible in the past. Central architectures and SOA concepts are the key to reducing costs and optimizing processes for the retail trade. GK SOFTWARE AG has brought together this innovative architecture concept under the heading ESP (Enterprise Store Processing). The ESP developed by GK SOFTWARE AG in conjunction with international consultancy firms and leading retail traders is an SOA-based, central architecture concept, which networks existing IT structures at store-based corporations by using a unified integration and control platform; this improves the speed and quality of data flows within any corporation (end-to-end integration with the ESP) and reduces the TCO in the long term. One major focus is on the efficient networking of local and central components, both online and offline, in order to significantly accelerate real time retail business processes and guarantee improved customer services.
GK SOFTWARE AG is making available comprehensive software to enable the end-to-end integra-tion of a store in the shape of the GK/Retail modules for directly linking all the subsystems in a store to the central SAP or other ESP system. As a result, the numerous island solutions within stores are linked to enterprise headquarters through a single interface, which is equipped with business intelligence and ensures that data, parameters and software updates are available at the right place and at the right time. This significantly increases the process speed and the data quality and creates better conditions for central processes (e.g. forecasting and replenishment).
Another highlight of the fair is the merchandise management process mapping facility for stores in the shape of the GK/Retail Merchandise Management system. This software forms the link be-tween the central ERP system and the processes at a store. All the processes are available on mobile terminals, which can also operate offline. GK SOFTWARE AG provides the GK/Retail for SAP software package for retailers that use a central SAP system; this has been specially adapted for this environment.
Innovative Extensions of the Leading POS Software
The latest release of GK/Retail POS includes many new functions, which accelerate business processes and help to improve customer services. Each store, for example, can see the current stocks available at other stores throughout the corporation via the stock information server and can arrange a stock transfer in order to enable customers to obtain a particular item. The issue of spe-cial orders for customers, including the administration of the payment, and returns to any store in the chain has been comprehensively expanded in GK/Retail. The latest version of the task man-agement system enables each till to be used to receive and send messages directly from the POS environment. This means that till personnel can, for example, press a button to indicate that a re-placement is required or that more tills need to be opened. Another new feature in the current ver-sion of GK/Retail POS is the till software that now includes a recording facility for the time that a member of staff has worked with the result that no extra terminals are required for this.
GK SOFTWARE AG will provide a demonstration of GK/Retail POS on a tablet PC as a completely mobile till for the very first time at the EuroCIS. The same version is used as with stationary sys-tems. As a result, customers obtain a mobile workstation, which can also be used in offline mode and which has a scanner and printer as well; and there are no restrictions on its use when com-pared to the regular tills.
GK SOFTWARE AG is presenting two solutions within GK/Retail for different functions within the field of in-store publishing in the shape of Label & Posterprint and GK/Retail Digital Content Man-agement. Both are linked directly with the ERP system in line with the ESP concept and automati-cally process changes to the master data. As a result, a price change at enterprise headquarters immediately triggers the printing of labels and posters in line with a set a rules. At the same time, the prices, which are displayed on electronic in-store media, for example, can be automatically up-dated. Both solutions can be integrated seamlessly or used in isolation.
GK SOFTWARE AG will be demonstrating its digital signature solution at the fair too - it has been introduced into productive operations for the first customer recently. This means that customers can provide a secure signature when making a non-cash payment and internal clearance - for ex-ample, by the till manager - can be registered and filed for future reference in a secure manner.
GK SOFTWARE AG will also be presenting innovative solutions to operate store IT systems and save energy and resources at the same time as part of its Green Store Initiative.
Schöneck, 18. March 2010 – GK SOFTWARE AG has received an order to equip all the Hornbach-Baumarkt-AG markets with GK/Retail, following the successful conclusion of the pilot project. The switch at the Hornbach home improvement stores in nine European countries is due to take place in the near future. All the special functions needed for the home improvement store market were introduced into the software as part of this project within less than a year.
Major international project in nine countries
Successful launch for GK SOFTWARE AG in the home improvement store sector
Hornbach-Baumarkt-AG, one of the most important European operators of home improvement and garden stores, will be equipping all its business locations with GK SOFTWARE AG solutions in the future. Hornbach had commissioned the company to provide a complete pilot installation with all the special home improvement store features at the end of 2008. GK SOFTWARE AG completed this project in less than a year, basing it on the GK/Retail standard software. Following an intensive test phase, which started in the fall of 2009, Hornbach-Baumarkt-AG has now decided to introduce the software to all its markets. This decision is based on the high quality and speed demonstrated in completing the previous project.
Standard Software for Home Improvement and Garden Stores
The order from Hornbach means that GK SOFTWARE AG has successfully tapped into the home improvement store sector. Many special features have been included in the standard product and they now increase the universality of GK/Retail. Close integration with Hornbach’s central SAP sys-tem also formed part of the project.
Rainer Gläß, CEO at GK SOFTWARE AG says: "Based on this successful project at Hornbach, we have once again proven that our standard software can be quickly adapted to any retail sector and that we can meet the special demands set by any customer."
Schöneck, 19 August 2010 – GK SOFTWARE AG was able to continue its growth course established in previous years during the first six months of 2010,
according to provisional figures. Sales grew by almost one half over the previous year’s figure and the company was able to more than double its EBIT. Based on these positive intermediate figures, the Management Board assumes that the company can meet its growth forecast for 2010.
By gaining new customers and proceeding according to plan in current projects, GK SOFTWARE AG finished the first half of the year 2010 with very good results. According to provisional figures for the reporting period, the company increased its sales by approx. 46% (EUR 12.47 million) and increased its total operating revenue by slightly more than 45% (EUR 13.23 million) in comparison with the same period in the previous year. As a result, the EBIT (EUR 2.50 million) increased to more than double the previous year’s figure. This means that the EBIT margin related to sales was 19.8%.
The Management Board has an optimistic view of the future on the basis of the strength of the figures from the first six months, the progress in completing current projects and the positive developments in obtaining new customers. The Management Board is expecting double digit growth in sales and an EBIT margin that is similar to that of previous years for the full year in 2010.
Schöneck, 30 April 2010 – GK SOFTWARE AG was again able to significantly increase its sales revenues, total operating performance and results in fiscal 2009 in comparison with the previous year in line with the annual report published today.
Sales revenues rose by more than 50% from EUR 15.0 million to EUR 23.3 million. The EBIT figure at approx. EUR 4.9 million exceeded the previous year’s level by 76% (EUR 2.8 million in 2008). Based on these results, the Management Board will suggest to the main shareholders’ meeting that a dividend is paid for the first time.
Fiscal 2009 was easily the best year in the 20-year corporate history of GK SOFTWARE AG. As a result of gaining major new customers, the successful completion of current projects and the smooth integration of Solquest GmbH, sales revenues rose to EUR 23.3 million. Organic growth accounts for more than two thirds of the increase of more than 50%. The takeover of Solquest GmbH accounted for approx. 12.5% of growth. Another element in sales revenue growth is based on the revenue recognition of unfinished work according to the accounting updates published by IFRS. In line with the individual project structures in 2009, a figure of EUR 1.4 million was not allocated to inventories of unfinished work, but was entered as additional sales in comparison with 2008.
The significant increase in sales revenues was accompanied by an even stronger increase in the EBIT figure by 76% to EUR 4.9 million (EUR 2.8 million in the previous year). This enabled the company to achieve an EBIT margin on operating performance of 20.1% (18.5% in the previous year). The earnings per share rose to EUR 2.11 in fiscal 2009 after a figure of EUR 1.22 in the previous year.
The company is once again expecting double digit growth in sales revenues in the coming year with an EBIT margin that is similar to previous years. As a result of the outstanding results, the Supervisory and Management Boards are going to propose to the annual shareholders’ meeting that a dividend of EUR 1 is paid from the balance sheet profits of GK SOFTWARE AG.
The complete annual report will be published at the corporate website www.gk-software.com in the Investor Relations section during the course of today.
http://investor.gk-software.com/de-ipo-news/financial-reports/financial-report-09
Schöneck, 15 April 2010 – 2009 was easily the best business year for GK SOFTWARE AG in its history according to provisional figures published today.
Growth in sales of more than 50% meant that even the latest forecast, which was raised last fall, was significantly exceeded once again. The company achieved an EBIT of approx. EUR 4.9 million (EUR 2.8 million in the previous year). This corresponds to an EBIT margin of 20.1% in terms of total operating revenue (18.5% in the previous year).
New major projects and progress in current projects according to plan formed the basis for the outstanding results. The order placed by EDEKA as part of the LUNAR project was particularly significant and this is being completed in partnership with SAP. In organic terms, sales rose by approximately one third compared to the previous year.
The share of sales at Solquest GmbH, which was taken over in May 2009 by way of an asset deal and has now been fully integrated into the group, amounted to approximately 8% and it contributed to growth in sales in 2009 to the tune of about 12.5 percentage points.
Another element in growth in sales is based on revenue recognition from unfinished work in progress in line with the latest IFRS updates in accounting procedures. In line with individual project structures, EUR 1.4 million were not reported under unfinished work in progress, but as additional sales in 2009, in contrast to 2008. But this change has not affected the group results.
Schöneck, 13 December 2010 – GK SOFTWARE AG and the international market leader in the production of retail scales systems, Bizerba, have signed a far-reaching partnership agreement. The aim of the arrangement is to develop all-round software for commercial scales, which can be operated on any platform using the GK/Retail suite.
GK SOFTWARE AG will develop a new software solution called GK/Retail Open Scale as part of a comprehensive partnership agreement; this application will be available for direct use on PC-based scales manufactured by Bizerba. By separating the hardware, operating system and the scales application, the two partners are paving the way for open systems in the field of commercial scales. This will provide retailers with a wide spectrum of new opportunities, which range from freedom of choice in the scales hardware being used to a far better degree of integration in the systems landscapes.
The GK/Retail Open Scale solution for scales will be completely integrated in the system management and monitoring facilities available within the Store Device Control software in the GK/Retail suite. One of the last islands preventing the seamless, end-to-end integration with the central systems within a retail store landscape will now disappear. This means slimmer processes, faster processing times for required services, and a reduction in expenditure and complexity.
The new software is being developed by GK SOFTWARE AG in close cooperation with Bizerba; however, it will not constrain retailers to use Bizerba hardware, but will support any open PC scales. The partnership includes close cooperation in the fields of technology, sales and marketing.
The Retail Innovators