• Strong first quarter: GFT Group upgrades guidance

Strong first quarter: GFT Group upgrades guidance

Global growth momentum unbroken
12 May 2023
  • 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.
Carlton Hopper
Managing Director
GFT UK
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  • Strong first quarter: GFT Group upgrades guidance

    GFT is exploiting this digitalisation wave and continuing its dynamic growth. After its record results in 2021, the company achieved further strong growth in the first quarter of 2022: revenue rose by 40 percent and earnings before taxes (EBT) by as much as 91 percent.