• GFT stays on track for growth

GFT stays on track for growth

Software group posts double-digit revenue and earnings growth
11 mai 2023
  • Revenue up 10 percent compared to first quarter of 2022
  • Strongly improved 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

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.

 

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