14 mai 2020

GFT delivers dynamic growth in Q1 2020

GFT Technologies SE (GFT) got off to a good start in its financial year 2020. In the first quarter of 2020, total revenue increased by 6 percent with purely organic growth of 5 percent. The dynamic growth outside the top-2 clients continued and once again reached 22 percent.

  • Revenue up 6 percent (organic +5 percent) and up 22 percent outside the top-2 clients*
  • Diversification strategy on track with insurance business share of 13 percent
  • “Google Cloud 2019 EMEA Breakthrough Partner of the Year” award for fast-growing cloud business
  • Adjusted EBITDA** 7 percent down on previous year due to increased growth investments
  • Dividend proposal of EUR 0.20 per share corresponds to payout ratio of 39 percent
  • Outlook for 2020 still suspended due to Covid-19
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Jan Hiesserich

Group Chief of Communications, Marketing & Strategy
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