14.11.2022 | Schöneck, Germany
2 min read

GK Software continues strong growth in the Cloud

  • Preliminary figures project a revenue growth of 18 percent
  • EBIT increases by 50 percent 

Despite an increasingly difficult market environment, preliminary figures show GK Software SE continuing on its strong growth track. In comparison to the previous year, revenue in the first nine months of the financial year 2022 has increased by 18.1 percent to 113.04 million euros (9M 2021= 95.74 million euros).

EBITDA reached 22.24 million euros, compared to 17.24 million euros in the previous year (adjusted for the one-off effect of the sale of AWEK microdata). EBIT increased by almost 50 percent and stood at 17.19 million euros in comparison to an adjusted 11.48 million euros in the previous year.

Based on these results, the EBIT-margin (on sales) after nine months in the fiscal year 2022 reached 15.2 percent (9M 2021, adjusted: 12.0 percent).

The increase in revenue and earnings is based on growing Saas-revenue, as well as strong existing customer business and traditional software license revenue with new clients.

Based on the results achieved already as well as the outlook for the remaining months in 2022, the Management Board confirms its forecast for fiscal year 2022 as well as the medium-term outlook until the end of fiscal year 2023.

The nine-month announcement is scheduled to be published on November 28, 2022.