August 21, 2017 | Schöneck, Germany
2 min read

GK Software – turnover and EBIT continue to grow significantly in the first six months (provisional figures)

GK Software AG continued its strong growth course during the first half of 2017 too.

  • Strong growth in turnover continues (+25.8 percent)
  • EBIT at EUR 3.58 million significantly higher than in 2016

Turnover rose by one quarter to EUR 44.10 million (2016 H1 = EUR 35.08 million), according to provisional figures. Powered by strong growth in the licence business during the 2nd quarter, it was possible to more than double the EBITDA figure (without any currency effects) to EUR 5.29 million (previous year: EUR 2.31 million); this represented an EBITDA margin on turnover of 12.0 percent. EBIT too significantly exceeded the figures from the previous year (EUR 0.31) and therefore created an EBIT margin on turnover of 8.1 percent.

Based on the results achieved and the sales potential for the remainder of the financial year, the Management Board continues to assume that the company will be able to increase its turnover in comparison with the previous year in line with expectations; it is continuing to stand by its forecast for the year 2017 and its medium-term forecast as published in the financial statement for the year 2016 without making any changes.

The report for the first six months of the year will probably be published on 30 August.

Press contact Dr. René Schiller Global Head of Marketing | VP
Press contact Americas Ketner Group Communications