Investor Relations

GFT achieves significant revenue growth again and exceeds 10,000 talents for first time

GFT is exploiting the digitalisation wave and continuing its dynamic growth. After its record results in 2021, the company achieved further strong growth in the first quarter of 2022: revenue rose by 40 percent and earnings before taxes (EBT) by as much as 91 percent.

Revenue up 27 percent, adjusted EBITDA up 52 percent, EBT up 184 percent year on year. All key performance indicators show: GFT Technologies SE (GFT) set new records in 2021.

Investments in future technologies, such as cloud and artificial intelligence are growing fast. Thanks to its strong expertise in these fields, GFT Technologies SE (GFT) will benefit more than average from this trend. This is illustrated by the company’s strong performance in the first nine months and its consistently high level of orders received.

Companies around the world are expected to increase their IT spending by 9 percent this year. GFT Technologies SE (GFT) is set to outpace even this strong growth based on the company’s performance in the first six months and orders received for the second half of the year.

GFT Technologies SE (GFT) can look back on a very successful first quarter 2021 with significant growth in revenue and earnings. There was a year-on-year increase in revenue of 10 percent to EUR 123.92 million, while pre-tax earnings (EBT) rose by as much as 132 percent to EUR 7.01 million. Strong orders received also indicate consistently high growth for the following quarters.

GFT Technologies SE (GFT) exceeded its revenue guidance of 19 June 2020 for the year 2020, and even significantly surpassed its earnings guidance. The preliminary results for the financial year 2020 show an increase in revenue of 4 percent to EUR 444.85 million (guidance EUR 440 million).

GFT is set to reach an EBT for the financial year 2021 which lies well above its previous guidance. This is due to structurally higher demand for new high-margin digitalisation solutions. As a result, orders received are above expectations and this is enabling GFT to focus on higher-margin projects. Thanks to active cost management, the increase in administrative expenses is also lower than planned.

GFT Technologies SE (GFT) now expects a stronger increase in revenue for the Group for the financial year 2021 to EUR 550 million (previously EUR 520 million, previous year: EUR 444.85 million), as well as higher growth in adjusted EBITDA to EUR 62 million (previously EUR 56 million, previous year: EUR 42.52 million) and in EBT to EUR 36 million (previously EUR 30 million, previous year: EUR 14.11 million).

GFT Technologies SE (GFT) got off to a very good start in its financial year 2021. Business in the first quarter and orders received so far were well above expectations. The reason is the increased demand for digitisation solutions in all significant areas. GFT has therefore decided to upgrade its Group outlook for 2021. It now expects a stronger increase in revenue to EUR 520 million (previously EUR 480 million, previous year: EUR 444.85 million), as well as more significant growth in adjusted EBITDA to EUR 56 million (previously EUR 50 million, previous year: EUR 42.52 million) and in EBT to EUR 30 million (previously EUR 24 million, previous year: EUR 14.11 million).

Based on its current assessment of the impact of the Covid-19 pandemic, GFT Technologies SE (GFT) has issued a new forecast for its financial year 2020. GFT anticipates revenue of EUR 440 million (previous year: EUR 428.98 million), adjusted EBITDA of EUR 44 million (previous year: EUR 47.91 million) and EBT of EUR 13 million (previous year: EUR 18.73 million).

Against the background of the COVID-19 pandemic, GFT Technologies SE (GFT) stated today that it is unlikely to achieve the outlook announced for its financial year 2020. In view of the considerable uncertainty surrounding the duration and consequences of the COVID-19 pandemic, it is currently impossible to make a reliable forecast of revenue and earnings for the current year.

The Administrative Board of GFT Technologies SE (GFT) today adopted its outlook for 2020, also taking into account the current coronavirus developments. GFT forecasts year-on-year revenue growth of 6 % to EUR 455.00 million, an increase in adjusted EBITDA of 4 % to EUR 50.00 million and in EBT of 7 % to EUR 20.00 million. The outlook for revenue is thus slightly above market expectations for the financial year 2020, while for adjusted EBITDA and EBT it is significantly below.

The Administrative Board of GFT Technologies SE today adopted its full-year guidance for the financial year 2019. It forecasts revenue of EUR 420 million, adjusted EBITDA of EUR 35 million and EBT of EUR 18 million.

Due to one-off special items, the tax rate for the financial year 2017 will be just under 2 percent and thus well below the previously expected 20 percent. As a consequence, consolidated net income for 2017 is expected to reach EUR 17.81 million instead of the expected EUR 14.50 million.

Due to the ongoing volatility of the finance sector, the GFT Group is expanding its sector focus to industrial clients and raising its related capital expenditure. In addition, increased cost savings made by two clients in the field of investment banking during the fourth quarter have led to a reduction in the company’s revenue and earnings guidance for the financial year 2017.

GFT Technologies SE has lowered its revenue and earnings guidance for the 2017 financial year. This change is due to a significant correction in the contributions to turnover by two major investment banking customers in the UK and North America expected for 2017 based on cost-containment measures.

The Administrative Board of GFT Technologies SE today resolved to set its full-year guidance for consolidated revenue at 450.00 million euros for the financial year 2017. Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the GFT Group are expected to reach 48.50 million euros and earnings before taxes (EBT) 35.00 million euros. Full-year guidance for EBITDA and EBT is thus below market expectations for the financial year 2017.

At today’s Administrative Board meeting, Ulrich Dietz, in agreement with the Administrative Board, resigned as Managing Director and Chief Executive Officer (CEO) of GFT Technologies SE of his own accord with effect as of the end of the Annual General Meeting on 31 May 2017.

The Administrative Board of GFT Technologies SE today decided to set the annual forecast for consolidated revenue at 410.00 million euros for the financial year 2016. Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the GFT Group are expected to reach 48.50 million euros and earnings before taxes (EBT) 35.00 million euros.

Stuttgart, 27 July 2015 - The Supervisory Board of GFT Technologies AG (“GFT”) today approved the discontinuation of the company’s emagine division and the sale of all companies belonging to the division in Germany, France and the UK. The buyer is Financière Valérien SAS in which, on completion of the transaction, the current management team headed by Jean-François Bodin, COO for emagine on the Executive Board of GFT, and the financial investor MBO Partenaires will hold stakes. The purchase agreement is to be signed today. ...

Stuttgart, 4 March 2014 - The management board and supervisory board of GFT Technologies AG have decided today to propose to the general meeting a dividend of 0.25 euro for 2014, just as they did last year. This dividend corresponds to a distribution amount of 6.58 million euros (6.58 million euros in the preceding year) and therefore a significantly lower rate of dividend (approx. 33 per cent) – based on the ratio of dividend amount to group annual net earnings – than in the preceding year (approx. 48 per cent). ...