GFT Technologies SE — Earnings Release 2007

May 10, 2007

News Details

Corporate | 10 May 2007 08:25

GFT Technologies AG: GFT Technologies AG – dynamic start to the financial year 2007

GFT Technologies AG / Quarter Results

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Revenue boosted by 42 percent in comparison to the same period of the
previous year
Earnings before tax (EBT) more than doubled
Annual revenue of over 200 million euros forecast

St. Georgen, 10 May 2007 – GFT Technologies AG (GFT), a leading European
provider of innovative IT solutions, has got off to a successful and
dynamic start in 2007. In the first quarter of 2007, the company achieved a
significant increase in revenue and results in comparison to the same
period of the previous year.

The GFT Group was able to notch up a 42 percent increase in revenues in the
first quarter of 2007, compared to the same period of the previous year.
The revenue amounted to € 53.8m. by 31 March 2007. This is a clear sign
that the company is keeping up its dynamic course of growth.

The earnings before tax (EBT) have more than doubled in comparison to the
first quarter of 2006. With earnings of around € 2.2m., the company has
seamlessly continued with the good results of the previous quarter.

The revenue in the Resourcing division rose by almost two thirds. Strong
organic growth in the area of Third Party Management as well as the
acquired Parity companies, which have now been merged in the Resource
Management division, contributed to this. In the Services segment,
increased revenue is an essential engine of growth, above all for
international banks. The rise in revenue for Services is both the result of
new international clients as well as strong demand from existing clients.
The consistent use of international development centres has enabled a
tremendous scaling of the projects to be achieved.

By 31 May 2007, this balance of the GFT Group revealed liquid funds and
securities of € 20.6 m., in contrast to short-term financial liabilities of
€ 2.6 m. The equity ratio amounted to 50 percent.

The GFT Group employed 1,071 members of staff as of 31 March 2007 – 14
people more than at the end of 2006 and 66 people more than at the same
point in time 2006. 73 percent of staff are employed outside Germany.

'The revenue in the first quarter has exceeded our expectations' was how
Ulrich Dietz, Chairman of the Executive Board of GFT Technologies AG,
commented on the results. 'In view of the stable demand on the part of our
clients and the positive economic environment, we are looking towards the
coming quarter with optimism. We forecast revenues of more than 200 million
euros for the GFT Group as well as an earnings margin of at least five
percent for the whole of 2007.'

The GFT Group’s Quarterly Financial Report is available on the on the
Group’s website http://www.gft.com/ir.

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

DGAP 10.05.2007

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
www: www.gft.de
ISIN: DE0005800601
WKN: 580060
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, Stuttgart

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