EQS-News: GK Software continues double-digit growth in sales and earnings 

• Preliminary figures show revenue growth of 16.2 percent to 152.05 million euros
• Adjusted for special effects, EBIT grows by 33.1 percent to 18.64 million euros

According to preliminary figures, GK Software SE has continued to grow even in an increasingly difficult market environment. Revenues increased by 21.21 million euros or 16.2 percent to 152.05 million euros. The adjusted EBIT reached 18.64 million euros (after an adjusted 13.85 million euros in the previous year) and thus grew by one third compared to the previous year. At 12.3 percent, the adjusted EBIT margin exceeded the adjusted prior-year figure of 10.6 percent, in line with the company's expectations. In operational terms, GK was able to significantly achieve the margin improvement forecast for 2022. 

The previous year's result included the sale of AWEK microdata GmbH (EUR 3.5 million) as a special effect. For 2022, a real estate transaction in the current year led to valuation effects, as did the non-recurring preparatory costs for the corporate transaction, which reached an important milestone on March 23, 2023, with the voluntary public takeover bid by Fujitsu ND Solutions AG. These two events impacted EBIT in a total amount of 1.91 million euros. Including the special effects of the last two fiscal years, EBIT amounted to 17.31 million euros in 2021 and 16.45 million euros in the reporting year.

The company's full report is expected to be published on April 27, 2023.

About GK Software SE

GK Software SE is a leading global provider of cloud solutions for the international retail industry and one of the fastest growing companies in its field. The cornerstones of the company are self-developed, open and platform-independent solutions. Thanks to its comprehensive product portfolio, 22 percent of the world's 50 largest retailers currently rely on solutions from GK. The company's customers include Adidas, Aldi, Coop (Switzerland), Edeka, Grupo Kuo, Hornbach, HyVee, Lidl, Migros, Netto Marken-Discount and Walmart International. GK has subsidiaries in the U.S., France, Czech Republic, Switzerland, South Africa, Singapore, Australia and holds ownership or majority stakes in DF Deutsche Fiskal GmbH, Artificial Intelligence for Retail AG and retail7, among others. Since its IPO in 2008, the company has grown more than sevenfold and generated revenues of 130.8 million EURO in 2021. GK was founded in 1990 by CEO Rainer Gläß and Stephan Kronmüller (Deputy CEO) and is still founder-managed today. In addition to its headquarters in Schöneck, the group now operates 15 sites worldwide. GK's goal is to become the leading cloud solutions company in the retail industry worldwide, enabling consumers on all continents to enjoy the best possible shopping experiences. 

Further information about the company: www.gk-software.com

Contact:

Investor Relations

GK Software SE

Dr. René Schiller

Phone: +49 (0)37464-84-264

Fax: +49 (0)37464-84-15

E-mail: rschiller@gk-software.com