Company News • 29.03.2011
GK SOFTWARE AG Significantly Exceeds Previous Year’s Results according to Provisional Figures
- Sales revenues rose by almost one fifth to EUR 27.7 million - EBIT margin (on sales) of 20.4 percent, EBIT grows by 15.2% to EUR 5.6 million
GK SOFTWARE AG once again had a record year in 2010 ac-cording to provisional figures. Sales grew by 19% to EUR 27.7 million (EUR 23.3 mil-lion in the previous year) – and this was at the upper end of expectations published in the Management Board’s forecast. Earnings before tax and interest (EBIT) at the com-pany reached a figure of approx. EUR 5.6 million (EUR 4.9 million in the previous year). This represents an EBIT margin on operating performance of 19.0% (20.1% in the pre-vious year).
The basis for this continuing growth at the company during fiscal 2010 was its ability to win major new projects both at home and abroad and make scheduled progress in ongoing jobs. The completion of the major project at EDEKA as part of its LUNAR program, which was achieved with SAP, was particularly important during 2010.
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