Difficult year for GK Software – Free Press

Rainer Gläß – CEO

Photo: GK Software

Schoeneck. It was supposed to go at GK Software last year again right ahead. The last Annual General Meeting in August CEO Rainer Gläß had asked the shareholders a profit in the “high single digits” in view. It was not anything made. While the Group was able to increase its sales by five percent to 44.6 million euros. But Vogt countries have not made money with it. The software manufacturer slipped into the red in 2014. As can be seen from the annual report now published, a loss of 3.02 million euros the company had before interest and taxes to report after a year earlier was still an increase of 1.05 million euros. Was a loss of 1.87 million euros from the net income of 601,000 euros in 2013. Thus, the listed company had based in Schöneck the bottom line for the first time a negative identification.

Gläß justified the bad numbers primarily with lower license revenues, which have remained one-third lower than last year. This anticipated projects had not come to the conclusion despite intensive work. He also referred to internal problems in the implementation of projects, “so that services could not be settled as planned”. In addition, they had expanded the workforce in anticipation of new orders. Personnel costs therefore befänden be “in the flow” to sales targets. , Do not expect, however, that “will pay for” “the investments” in additional personnel in 2015, so the management. The workforce of the Group grew by 68 to 618 employees. In Schöneck to date were 193 employees operate more than five-2013.

Supervisory Board Chairman Uwe Ludwig spoke of a “much tougher year” than expected. The software solutions specialized for the trading company was only in 2013 returned to winning ways after the shops were burgled in 2012. Gläß and his fellow board member André Hergert are nevertheless convinced that the Group is well positioned to return to old strengths. 2015 could indeed come to a slightly negative result. In the medium term – in three to four years – one wants to but to return to the old profitability and profit margins of over 15 percent. Sales are expected to rise in the period on a half times.