GFT Technologies SE raises earnings forecast for 2022

20 October 2022, 01:00 PM CEST
Ad hoc disclosure pursuant to Article 17 MAR
GFT expects earnings in the financial year 2022 to be considerably higher than the current forecast. According to this, earnings before taxes ("EBT") are expected to rise to EUR 66 million (previously EUR 60 million, FY 2021: EUR 40 million) and adjusted EBITDA to EUR 87 million (previously EUR 81 million, FY 2021: EUR 65 million). Reasons for the increase in the earnings forecast are lower provisions for the share-based component of management compensation, continued positive currency effects and higher than previously assumed capacity utilisation.

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