GFT Technologies SE — Earnings Release 2007

Aug 9, 2007

News Details

Corporate | 9 August 2007 08:54

GFT Technologies AG: GFT Group achieves record result in the first half of 2007

GFT Technologies AG / Half Year Results

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• Highest half-year earnings before tax in the 20 year company history
• Dynamic growth continued: revenues increased by 41 percent
• Revenue forecast for whole of 2007 raised to Euro 220m

St. Georgen, 9 August 2007 – In the first half of 2007 the international
leading IT Service Provider GFT Technologies AG (GFT) achieved the best
result in its 20 year history. Earnings before tax and revenues were
significantly higher than last year.

Earnings before tax (EBT) reached a record level at around Euro 5.3m
(previous year: Euro 2.3m) and, compared to the first quarter of 2007,
earnings rose again from Euro 2.2m to Euro 3.1m in the second quarter.

The Services division played a key role in the improvement of these
results, which were primarily due to the successful implementation of major
projects with customers in Brazil, Spain, UK and Germany. A significant
rise in earnings has also been achieved by the Resourcing division.

The GFT Group’s dynamic growth is also reflected in the strong increase in
revenues. At Euro 113.1m, revenue exceeded the previous year (Euro 80.1m.)
by 41 percent. Following an excellent first quarter, revenues in the second
quarter rose by a further Euro 5.5m to Euro 59.3m.

Revenues were particularly strong in the Resourcing division with 47
percent growth in the first half of the year. A significant proportion of
this came from business with new clients in the banking sector. In the
Services division, projects involving established customers were expanded
and revenue grew by 26 percent. The performance of the UK was particularly
strong with revenues more than doubling compared to the first half of 2006
(Euro 11.3m compared to Euro 5.4m).

Half-yearly net income was more than three times greater than last year
(Euro 3.3m compared to Euro 0.9m). The Group’s balance sheets demonstrated
liquid assets and securities worth Euro 21.6m, some 112 percent up on the
first half of 2006. Earnings per share were up at Euro 0.13, exceeding last
year’s value by Euro 0.10.

'Given the promising market situation and GFT’s highly relevant proposition
we expect to continue the positive developments, highlighted by these
results, into the second half of the year', commented Ulrich Dietz,
Chairman of the Executive Boards of GFT Technologies AG, 'We are raising
our revenue forecast for 2007 from Euro 200m to Euro 220m and continue to
predict a profit margin of five per cent'.

The Interim Financial Report of the GFT Group is available on the Internet
at www.gft.com/ir.

Andrea Wlcek
Manager Investor Relations
& Corporate Communications
GFT Technologies AG
78112 St. Georgen
T: +49-7724-9411-440
F: +49-7724-9411-883
andrea.wlcek@gft.com
www.gft.com

DGAP 09.08.2007

Language: English
Issuer: GFT Technologies AG
Leopoldstraße 1
78112 St. Georgen/Schwarzwald
Deutschland
Phone: +49 (0)7724 / 9411-0
Fax: +49 (0)7724 / 9411-883
E-mail: ir@gft.de
Internet: www.gft.de
ISIN: DE0005800601
WKN: 580060
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, Stuttgart

End of News DGAP News-Service

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