• GFT continues to drive diversification in the first quarter

GFT continues to drive diversification in the first quarter

08. May 2019
  • 19 percent revenue growth without top-2 clients*
  • Further expansion of client and sector diversification
  • Revenue share of insurance business exceeds 10 percent for first time
  • Revenue of EUR 106 million slightly below previous year
  • Adjusted EBITDA up 11 percent, positive accounting effects from IFRS 16
  • Earnings burdened as expected by under-utilisation and restructuring
  • FY 2019 guidance confirmed
Marika Lulay
CEO GFT Technologies SE

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  • Press release: GFT continues to drive diversification in the first quarter

    GFT today published its results for the first quarter of 2019. As planned, the company continued to widen its client structure: revenue without the top-2 clients grew by 19 percent and the revenue share of the insurance business reached 11 percent.

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