GK Software AG increase sales approximately 40 percent in the first quarter of 2015
Sales grew to EUR 12.98 million according to provisional figures / Forecast for 2015 remains unchanged
(PresseBox) (Schöneck, )During the first three months of fiscal 2015, GK SOFTWARE AG was able to increase sales by EUR 3.65 million to EUR 12.98 million. (Q1 2014: EUR 9.33 million). Earnings before interest and taxes (EBIT) amounted to -EUR 0.88 million (Q1 2014: -EUR 1.08 million) and was thus above expectations for the first quarter. This provided an EBIT margin related to sales of -6.8% during the first quarter. The acquisition of the retail business segment from DBS Data Business Solutions, Inc. in the USA in March 2015 did not have any significant impact on the quarterly results of GK Software.
The Management Board maintains its forecast for 2015 and believes that an increase of sales is probable. A forecast about the profit at the end of the year is currently not possible.