DGAP-News: GK SOFTWARE continues to enjoy dynamic on-track growth

GK Software AG / Preliminary Results

10.11.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Revenues in the first nine months up 44% 
- EBIT almost doubles 

Schöneck, November 10, 2008 – GK SOFTWARE AG, a European technology leader
and developer and provider of standard software for the retail sector, has
continued its dynamic on-track growth in the second half of the year.
According to preliminary figures, the software company increased its
revenues by 44% to EUR 10.86 million in the first nine months of 2008. At
the same time, EBIT lifted to EUR 2.09 million compared to EUR 1.14 million
in the period of the previous year. The EBIT margin thus climbed to 19.3%.
During the period under review, net income after taxes increased to EUR
1.48 million. This corresponds to earnings per share of EUR 0.89, based on
1.665.000 shares outstanding on the balance sheet date.

The significant improvement in revenues and earnings was due to the broader
customer base, more in-depth relationships with customers and the
successful implementation of several key projects. This also includes one
of the largest IT projects in the retail sector in the past few years,
which was successfully rolled out for Kaufhof Warenhaus AG – an end-to-end
branch solution – both on budget and on time.

The Managing Board is forecasting significant double-digit growth rates for
revenues and earnings for the remainder of 2008. In view of the generally
strong fourth quarter, the Managing Board is forecasting revenues of
between EUR 14 and 14.5 million for 2008 as a whole, with an EBIT margin on
total operating revenue of more than 20%.
The full 9-month report will be published on November 28, 2008 on GK
SOFTWARE AG's Web site in the Investor relations section.

Company Profile
GK SOFTWARE AG is a European technology leader in the development and
provision of standard software solutions for the retail industry. It
supplies an end-to-end range of products for retail stores and company
headquarters. The open and platform-independent software solutions of the
GK/Retail Suite, which are fully programmed in JAVA, have allowed the
company to establish itself on the market as a technology and innovation
leader. The software allows retail chains to optimize their company's
organization and to create significant potential for cost savings as well
as to realize customer loyalty potential in order to increase
competitiveness. The key features of the solutions are: international
applicability, consistent use of open standards and SOA (Service Oriented
Architecture) capability. As GK/Retail is genuine standard software,
parameters can be used to make the necessary adjustments to meet most
customer requirements. This reduces the programming effort and allows rapid
project completion. At the same time, solutions for customers remain
releasable and new functions can be introduced by a release change. A key
component of the modular software is also the StoreWeaver integration
platform, which connects all the subsystems in a retail store and also
provides a powerful interface for enterprise systems such as ERP or CRM
solutions.

The company employs 199 employees (as of September 30, 2008) at its
headquarters in Schöneck and at four other business locations: Berlin, St.
Ingbert, Pilsen in the Czech Republic and Basel/Riehen in Switzerland. GK
SOFTWARE AG can list well-known German retail stores among its customers
which include, for example, Galeria Kaufhof, Parfümerie Douglas, EDEKA
Hannover-Minden, Lidl, Netto Markendiscount and Tchibo, as well as its
first international customer Coop, headquartered in Switzerland. The
company’s software solutions are being used in approximately 12,500 retail
stores in over 55,000 installations in currently 22 countries worldwide.
The company has grown quickly over the past few years and its revenues
reached EUR 10.75 million in 2007. The company’s EBIT amounted to EUR 2.33
million (EBIT margin on total operating revenue of 20.0%). In addition, in
the fall of 2008 the company was honoured with the Deloitte Technology Fast
50 Award as one of Germany's 50 fastest growing technology companies. Since
1990, the two founders and Executive Board members, Rainer Gläß (CEO) and
Stephan Kronmüller (CTO), together with the Executive Board members Ronald
Scholz (COO) and André Hergert (CFO) have grown GK SOFTWARE AG to become a
fast-growing, profitable company.


Contact Investor Relations:

cometis AG
Ulrich Wiehle
Tel.: +49 (0)611-205855-11
Fax: +49 (0)611-205855-66
E-mail: wiehle@cometis.de


DGAP 10.11.2008 
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Language:     English
Issuer:       GK Software AG
              Waldstr. 7
              08261 Schöneck
              Deutschland
Phone:        037464 - 840 
Fax:          037464 - 8415
E-mail:       investor-relations@gk-software.com
Internet:     www.gk-software.com
ISIN:         DE0007571424
WKN:          757142
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Stuttgart
End of News                                     DGAP News-Service
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