09 août 2023

GFT achieves double-digit growth in volatile environment

Digital transformation group anticipates further growth in second half of the year

  • Profitable revenue growth of 10 percent in the first half of 2023 
  • Above-average growth across all sectors in the USA and Mexico
  • Strong demand for long-term and complex digitalisation projects
  • Dynamic development of cloud and artificial intelligence
  • Guidance for 2023 adjusted: revenue of EUR 810-820 million, adjusted EBIT of EUR 74-76 million and EBT of EUR 68-70 million expected

Key figures (IFRS)

(Deviations possible due to rounding differences)

In EUR million H1 2023 H1 2022 ∆
Revenue 391.58 357.25 10%
EBITDA 40.55 39.38 3%
Adjusted EBIT* 31.17 30.10 4%
EBIT 29.94 29.02 3%
EBT 30.04 29.16 3%
Net income 20.97 20.69 1%
Earnings per share in EUR 0.80 0.79 1%
Operating cash flow  -9.96 -0.44 < -100%
In EUR million 30/06/2023 31/12/2022 ∆
Employees (FTE) 9,008 8,842 2%
Net liquidity -38.74 35.70 < -100%
Equity ratio (in percent) 40% 40% 0

* Adjusted for special items from M&A activities and share price-based effects in connection with the measurement of variable management compensation.
 

Further information on the definition of alternative performance measures is provided here on the GFT website.