27.05.2021 | Schöneck, Germany
2 min read

GK Software posts strong results in first quarter

GK Software SE has continued on its growth track in the first quarter of 2021, recording a massive increase in earnings over comparative figures for the previous year.

  • Turnover grows to 30.5 million euros
  • EBIT triple that of previous year

This growth has seen the company’s EBIT nearly triple to 3.20 million euros (Q1 2020 = 1.06 million euros). The EBITDA was 5.13 million euros, an increase of nearly 2 million euros over the previous year (Q1 2020 = 3.26 million euros) that can be attributed to sales growth of 4.9 per cent to 30.45 million euros (Q1 2020 = 29.02 million euros).

These results were achieved on the basis of two new customer acquisitions in Germany and Mexico, strong business with existing customers, and the ongoing implementation of the measures in the company’s efficiency program. The company’s performance also backs up the Management Board’s forecast for the whole of 2021, which continues to be supported by a strong sales pipeline and additional sales from Deutsche Fiskal starting in the second quarter. The sale of AWEK microdata has no impact on the forecast.

The quarterly report is available for download at https://investor.gk-software.com/en/publications/financial-reports?task=download&cid=844.