GFT Technologies SE — Earnings Release 2001

May 17, 2001

News Details

Ad-hoc | 17 May 2001 07:01

Ad hoc-Service: GFT Technologies AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– GFT Technologies AG achieved considerable improvements in revenues and earnings in the first three months of the current financial year compared to the 4. quarter 2000. In the 1. quarter 2001 the company achieved revenues of 22.6 mn. Euro, approx. 11 per cent more than in the same period of the previous year and roughly 3 per cent more than in the 4. quarter 2000. Comparing the 1. quarter 2001 with the 4. quarter 2000, earnings before interest and taxes (EBIT) increased strongly by 100% from 472 KEUR to 943 KEUR. In comparison to the 1. quarter 2000 earnings decreased by 40%. If goodwill is excluded, then in the first three months of the current financial year GFT achieved EBITDA of almost 2.3 mn. Euro (1Q2000: 2.8 mn. Euro), amounting to an EBITDA margin of 10%. The results from ordinary activities amounted to 532 KEUR. This was 1.388 KEUR less than the amount recorded in same period of the previous year. The surplus as of 31 March was 70 KEUR as compared to 613 KEUR in the previous year. The earnings per share according to DVFA/SG amounted to 0.003 Euro per share in the 1. quarter of the current financial year in comparison with 0.02 Euro per share in the 1. quarter of 2000 (relating to 19.5 mn. shares). The earnings per share pre goodwill amortisation amounted to 0.04 Euro and thus remained constant as compared to the same period in the previous year. In the first quarter 2001 cash-flow from operating activities amounted to minus 6.9 mn. Euro compared to 1.0 mn. Euro for the same period of the previous year. This is mainly due to the fact that large projects have brought into account at the end of the period which increased the position of trade receivables. Since in addition accruals and other liabilities decreased in the same period the cash-flow figure concerning the reporting date is accordingly negative. As of 31 March, 2001, the GFT Group had a total of 804 permanent employees, 246 more than at the same time in the previous year. In the first quarter we succeeded in recruiting an additional 78 employees. A further 49 employment contracts have been concluded since the end of the first quarter. Kontakt: Sandra Strüwing, Manager Corporate Communications/Investor Relations, GFT Technologies AG, Leopoldstrasse 1, D 78112 St. Georgen, Tel.: 07724/9411-423 Fax.: 07724/9411-883, e-Mail: sandra.struewing@gft.com end of ad hoc announcement (c) DGAP 17.05.2001 ——————————————————————————– WKN: 580060; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 170701 Mai 01