August 19, 2021 | Schöneck, Germany
2 min read

GK Software significantly improves earnings in first half of 2021

According to preliminary figures, GK Software SE continued its growth course in the first half of 2021 despite the ongoing global pandemic.

  • Sales up by almost 15 percent according to preliminary figures
  • Another distinct increase in the operating result

Compared with the previous year's figure (EUR 56.16 million), sales rose by 14.6 percent to EUR 64.36 million. This put EBITDA (excluding non-recurring effects) at EUR 12.88 million, more than doubling the previous year's figure of EUR 6.24 million. EBIT calculated on the same basis now amounts to EUR 9.04 million for the first half of 2021 (H1 2020 = EUR 1.96 million), resulting in an EBIT margin of 14.04 percent.

The increase in sales was driven by Deutsche Fiskal's cloud sales and the decision of several new customers in favour of CLOUD4RETAIL, among them a major international retailer and a European petroleum company.

Proceeds from the sale of AWEK microdata GmbH also boosted first-half earnings by a further EUR 2.75 million.

In light of these developments and the existing sales outlook for the second half of the year, the Management Board has confirmed its forecast for 2021 as well as the medium-term forecast up to 2023.

Publication of the H1 Interim Report is scheduled for 26 August 2021.

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