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). For the future, GFT envisages a rate of dividend between 20 and 40 per cent (previously, 40 to 50 per cent). Within this range, GFT will aim for a rate of dividend of around 30 per cent, but an upward or downward adjustment could be made depending on the organic and inorganic growth of the group.
According to preliminary calculations, the EBT forecast for the 2014 financial year, which was increased from 23.00 million euros to 26.00 million euros at the end of October 2014, will be exceeded. The company is now assuming that the EBT 2014 will be 27.07 million euros. At 34.64 million euros, EBITDA will also be higher than expected (previous forecast: 32.00 million euros). Group turnover for 2014 is expected to be 365.32 million euros and therefore slightly above the previous forecast of 360.00 million euros.
As announced, the company will publish the further preliminary results of the 2014 financial year on 5 March 2015.