10 mai 2023

GFT Group stays on track for growth

Software group posts double-digit revenue and earnings growth

  • Group revenue up 10 percent compared to first quarter of 2022
  • Strongly improved Group earnings: adjusted EBIT +17 percent, EBT +12 percent
  • Diversification across sectors and clients continued: Insurance sector +4 percent, Industry & Others +24 percent; core market Banking with further growth: +10 percent
  • Guidance for 2023 confirmed: revenue of EUR 850 million, adjusted EBIT of EUR 80 million and EBT of EUR 72 million expected
  • GFT revenue in the U.S. grew by 62 percent.

Key figures (IFRS)

(Deviations possible due to rounding differences)

In EUR million Q1 2023 Q1 2022 ∆
Revenue 190.67 173.35 10%
EBITDA 19.89 18.52 7%
Adjusted EBIT* 16.28 13.91 17%
EBIT 14.83 13.45 10%
EBT 15.04 13.42 12%
Net income 10.54 9.58 10%
Earnings per share in EUR 0.40 0.36 10%
Operating cash flow  -3.04 3.62 <-100%
Employees (FTE, as of 31 March)  8,792 8,120 8%
In EUR million 31/03/2023 31/12/2022 ∆
Net liquidity 29.65 35.70 -17%
Equity ratio (in percent) 41% 40% 1

* 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.