- GFT share price has risen by 221 percent since beginning of year
- Admittance to index based on fast entry rule
- Company anticipating further dynamic growth
- Investor interest reflects success story
Stuttgart, 6 December 2021 – The share price of GFT Technologies SE has increased by 221 percent since the beginning of the year. The company forecasts revenue growth of 26 percent for the current financial year, while EBT is expected to rise by as much as 184 percent. The high level of orders received means that the dynamic growth is also expected to continue in 2022. This success story is reflected in the share price and has now prompted Deutsche Börse to include the share in the SDAX.
On 3 December, Deutsche Börse announced that GFT would be one of three companies to be promoted to the SDAX. The performance of the GFT share price has been so positive recently that the fast entry rule has been applied. For Marika Lulay, CEO of GFT, this elevation to the index is confirmation of the company’s strategy: “We have been focusing our expertise on future technologies for several years now. This is something our clients appreciate, and they place their trust in our know-how. Our strict diversification strategy has also enabled us to tap new revenue streams and improve our risk profile. All of this was only possible thanks to a tremendous team effort, for which I am very grateful. I am particularly pleased that investors are increasingly recognising our huge potential.”
GFT was selected for the SDAX under the fast entry rule. Deutsche Börse reviews the composition of its indices once a quarter. There are 70 shares in the SDAX. The decision on whether a company is to be promoted or relegated is based primarily on its free float market capitalisation. Inclusion in the SDAX will be effective as of 20 December 2021. With effect from 30 November, GFT was already included in the MSCI Global Small Cap Index.
“We have been focusing our expertise on future technologies for several years now. Our strict diversification strategy has enabled us to tap new revenue streams and improve our risk profile. All of this was only possible thanks to a tremendous team effort, for which I am very grateful.”
