GK Software SE reports sharp rise in profits in the 2020 fiscal year – EBITDA margin at 16 percent

GK Software SE is fully in line with its forecast for the 2020 fiscal year and has succeeded in substantially increasing its earnings. According to preliminary figures, its EBITDA reached a level of 18.5 million euros. This is around one and a half times the previous year’s result of 12.3 million euros (up 51 percent). Despite the restrictions on sales caused by the global COVID-19 pandemic, revenue continued to rise to 117.5 million euros, of which 110 million euros was generated by the CLOUD4RETAIL product platform. This raised EBITDA (earnings before interest, taxes, depreciation and amortization) to 18.5 million euros, equivalent to a 15.7 percent margin on revenue. This is an impressive display of the company’s success in achieving the goals of its efficiency and profitability improvement program.

Despite the restrictions, GK Software was able to acquire eleven new clients on four continents for its core solutions in the 2020 fiscal year. Additionally, three other existing clients decided to switch to CLOUD4RETAIL – OmniPOS in the past year. For the first time, a total of four customers are using the SaaS offering of our core solution CLOUD4RETAIL. Deutsche Fiskal was also extremely successful in attracting new clients, with more than 100 clients opting for its cloud solutions.


The most important development in the fiscal year was the conclusion of SaaS contracts with a minimum order volume of roughly 50 million euros, with terms ranging from three to ten years in most cases. In the classic license business, sales of around seven million euros were generated. For the Executive Board, this indicates a shift toward the cloud business, which it expects to account for an increasingly large share in the years to come.

The company’s complete report is due to be published on April 28.

Über GK SOFTWARE SE

GK Software SE is a leading developer and provider of standard software for the retail sector, and currently counts 22 percent of the world’s 50 largest retailers among its customer base. According to a study published by RBR 2020, the Company is one of the leading international providers of POS software and is the second-fastest growing business in the industry in terms of the number of installations worldwide. The company offers an extensive range of solutions for stores and enterprise headquarters as well as for the implementation of contemporary omni-channel retail concepts.

Thanks to its open and platform-independent software solutions in the GK/Retail Suite, the company has established itself as one of the market’s leading providers of technology and innovations. Its solutions enable retail chains with numerous stores to optimize their business processes and to benefit from significant potential for saving costs and implementing customer loyalty programs in order to improve their competitiveness. In addition to its own software solutions, GK Software SE also offers customers a comprehensive range of implementation and maintenance services. Having been acquired in 2013, AWEK GmbH and in 2015, the retail segment of DBS Data Business Systems Inc. In 2017, the company acquired a majority shareholding in prudsys AG, a company focused on artificial intelligence. In 2018, the valuephone GmbH was acquired, which develops leading solutions for mobile consumers.

The company employs 1,071 members of staff (figures for 30 September 2020) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, South Africa, Russia, Ukraine and the USA. GK Software SE’s customers include many well-known retailers, including Adidas, Edeka, Lidl, Aldi, Coop (Switzerland), Netto Marken-Discount, Hornbach, Migros, Grupo Kuo and Walmart. The software is currently being used at almost 500,000 retail and payment installations across approximately 100,000 stores in more than 60 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 115.4 million in 2020. Since launching the company in 1990, the two founders Rainer Gläß (CEO) and Stephan Kronmüller (deputy board member), together with the experienced management team, have shaped GK Software into a profitable company exhibiting strong growth.

Further information about the company: https://www.gk-software.com

Firmenkontakt und Herausgeber der Meldung:

GK SOFTWARE SE
Waldstraße 7
08261 Schöneck
Telefon: +49 (37464) 84-0
Telefax: +49 (37464) 84-15
http://www.gk-software.de

Ansprechpartner:
Dr. René Schiller
Leiter Unternehmenskommunikation
Telefon: +49 (37464) 84264
Fax: +49 (37464) 84-15
E-Mail: rschiller@gk-software.com
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