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​​​​​​​GFT Technologies SE upgrades its outlook for 2021 following a further increase in orders received

·2-min read

GFT Technologies SE / Key word(s): Change in Forecast
​​​​​​​GFT Technologies SE upgrades its outlook for 2021 following a further increase in orders received

20-Jul-2021 / 18:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

GFT Technologies SE upgrades its outlook for 2021 following a further increase in orders received

GFT Technologies SE (GFT) now expects a stronger increase in revenue for the Group for the financial year 2021 to EUR 550 million (previously EUR 520 million, previous year: EUR 444.85 million), as well as higher growth in adjusted EBITDA to EUR 62 million (previously EUR 56 million, previous year: EUR 42.52 million) and in EBT to EUR 36 million (previously EUR 30 million, previous year: EUR 14.11 million).

Orders received once again increased significantly. This is driven by catch-up effects, as projects that were postponed during the Covid 19 pandemic are now being realised. Additionally, decision-making cycles on the customer side are currently much shorter, from accelerated processes for tendering and awarding contracts to faster order initiation. This is happening against the background of a consistent structurally increased demand for digitalisation solutions.

Earnings will increase disproportionately. This results from the significantly higher revenue as well as the lower than expected travel expenses.

As previously announced, the results for the first half of 2021 will be published on 12 August 2021.

Explanations of the key financial figures (EBT and adjusted EBITDA) used in this ad hoc disclosure can be found on the GFT website at www.gft.com/performancemeasures

Your contacts:
Press                                                                               Investors
Dr. Markus Müller                                                   Karl Kompe
Group Public Relations                                                    Investor Relations

GFT Technologies SE                                                      GFT Technologies SE
Schelmenwasenstr.
34                                                     Schelmenwasenstr. 34
70567 Stuttgart                                                                 70567 Stuttgart

Germany                                                             Germany
T +49 711 62042-344                                                       T +49 711 62042-323
markus.j.mueller@gft.com                                  Karl.Kompe@gft.com
www.gft.com                                                    www.gft.com

 

 

20-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

GFT Technologies SE

Schelmenwasenstraße 34

70567 Stuttgart

Germany

Phone:

+49 (0)711/62042-0

Fax:

+49 (0)711/62042-301

E-mail:

ir@gft.com

Internet:

www.gft.com

ISIN:

DE0005800601

WKN:

580060

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1220429


 

End of Announcement

DGAP News Service

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