GK Software – Growth in turnover continues

GK Software SE has been able to increase its turnover by 13.6 percent or EUR 8.96 million compared to the same period in the previous year according to the nine-month report that has been published today. This development was largely achieved by an increase in turnover in the GK/Retail core business segment; this rose by 22.7 percent. Attracting eight new customers on all continents, including several in the USA, made a major contribution to this process. EBITDA reached a figure of EUR 3.83 million.

• Turnover continues to increase (+13.6 percent)
• Eight new customers during the first nine months

On the basis of these results and the sales opportunities for the remainder of this financial year, the Board continues to assume that the Company will be able to further increase its turnover in comparison with the previous year. This expectation is based on the sales opportunities that are being processed and on work that has been performed during the past nine months, but has not yet been entered as turnover; nevertheless, the conditions for this will exist during the 4th quarter. The Board is standing by its short-term forecast for earnings in 2018, but would point out that meeting it will depend on achieving individual sales success stories during the current financial year. The medium-term forecast up to 2020 is being maintained without any change.

The nine-month report was published today at the following addresses:

German: https://investor.gk-software.com/de/veroeffentlichungen/financial-reports?task=download&cid=646
English: https://investor.gk-software.com/de/veroeffentlichungen/financial-reports?task=download&cid=647