November 22, 2021 | Schöneck, Germany
2 min read

GK Software continues to grow successfully in the cloud

After nine months, GK is still successfully continuing its growth course and the transition to a cloud company.

  • Sales up by double digits again according to preliminary figures
  • Conclusion of numerous new cloud contracts with a high total volume

According to preliminary figures, sales rose by 12.3% to EUR 95.74 million (9M 2020 = EUR 85.25 million) year-on-year. EBITDA reached a figure of EUR 19.99 million (excluding one-off effects: EUR 17.24 million). The EBIT figure more than doubled to EUR 14.23 million after nine months (EUR 11.48 million excluding one-off effects).

The cloud business was exceptionally successful. Of twelve new contracts, half are SaaS projects, whose total contract value (minimum order volume over the minimum term of contract) amounts to a figure well into the double-digit million range. Two of the new cloud contracts were concluded with major new customers in the USA. The development of Deutsche Fiskal and in the AIR (Artificial Intelligence for Retail) segment was also very positive. The increasing number of SaaS customers not only reflects the ongoing trend towards use of the cloud, but also increases the visibility of the medium-term forecast.

The one-off effect on the results of the current financial year is attributable to the sale of AWEK microdata GmbH and the resulting proceeds of EUR 2.75 million.

In light of how the current business year has developed so far, the Management Board has confirmed its forecast for 2021 as well as the medium-term forecast to 2023.

Publication of the half-year interim report is scheduled for 25 November 2021.

Press contact Dr. René Schiller Director Communications & Investor Relations
Press contact Americas Ketner Group Communications