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4-Traders Homepage  >  Equities  >  Xetra  >  GK Software AG    GKS   DE0007571424

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GK Software : Turnover increases by 30 percent during Q1 (according to provisional figures)

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05/24/2017 | 02:28pm CEST

According to provisional figures, GK Software AG was able to significantly exceed its turnover for the previous year of EUR 15.44 million - by approx. 30 percent; the figure for the first quarter of 2017 was EUR 20.12 million. This development was primarily achieved by a large rise in the company`s software development business and an increase in maintenance turnover. Although the first quarter was still characterised by a low contribution from the licence business, as is normal at this time of the year, EBITDA at EUR 1.0 million were significantly higher than the previous year`s figure of EUR (0.48) million. EBIT too at EUR 0.17 million exceeded the previous year`s figure of EUR (1.47) million to a substantial degree.

Based on these results and the sales opportunities for the rest of the financial year, the Management Board continues to expect the company to be able to increase its turnover in comparison with the previous year in line with expectations; and it is standing by its forecast for the year 2017 and the medium term, as published in the financial statement for 2016.

The Q1 statement will probably be published on 30 May.

(c) 2017 Daily Independent. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2017 87,5 M
EBIT 2017 7,12 M
Net income 2017 5,03 M
Debt 2017 0,25 M
Yield 2017 0,55%
P/E ratio 2017 29,49
P/E ratio 2018 18,15
EV / Sales 2017 1,70x
EV / Sales 2018 1,56x
Capitalization 149 M
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Mean consensus HOLD
Number of Analysts 3
Average target price 82,5 €
Spread / Average Target 4,9%
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Rainer Gläß Chief Executive Officer
Uwe Ludwig Chairman-Supervisory Board
André Hergert Chief Financial Officer
Michael Jaszczyk Chief Technology Officer
Thomas Bleier Deputy Chairman-Supervisory Board
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