20. October 2022, 01:00 PM CEST
Ad hoc announcement pursuant to Article 17 MAR
GFT Technologies SE raises earnings forecast for 2022
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). Revenue expectation remains unchanged at EUR 730 million (FY 2021: EUR 566 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.
The results for the first nine months of 2022 will be published on 10 November 2022 as announced.
Explanations of the key financial figures (EBT and adjusted EBITDA) used in this ad hoc disclosure are to be found on the GFT website at www.gft.com/performancemeasures.