Strong first quarter: GFT Group upgrades guidance

Global growth momentum unbroken
12 May 2022
  • Group EBT up by 91 percent compared to first quarter of 2021, revenue up by 40 percent
  • Group revenue guidance for 2022 upgraded from EUR 680 million to around EUR 720 million and EBT guidance from EUR 54.5 million to around EUR 58 million
  • Sustained dynamic growth thanks to complex, long-term projects
  • Successful diversification continues: Insurance sector grows year on year by 67 percent, Industry & Others by 59 percent
  • GFT’s UK operation contributed to global results with 18 percent of total revenue, a figure which grew by 50 percent compared to the first quarter of 2021.
  • As of 31 March 2022, GFT employed a total of 255 full-time UK employees, an increase of 42 percent compared to 31 March 2021.
Two colleagues working together on a project, discussing ideas while looking at a laptop in a modern office setting.
Professionals collaborating on a project in a modern office environment, emphasizing teamwork, communication, and productivity in business.
Carlton Hopper
Managing Director
GFT UK

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