GFT Technologies SE — Earnings Release 2006

Mar 7, 2007

News Details

Corporate | 7 March 2007 13:08

GFT Technologies AG: Preliminary Figures for Financial Year 2006

GFT Technologies AG / Preliminary Results

Release of a Corporate-announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Revenue grows by 44 percent to Euro 173.7m,
pre-tax result increases from Euro 1.6m to Euro 6.7m.

St. Georgen, 7 March 2007 – GFT Technologies AG (GFT), a leading European
provider of innovative IT solutions, corroborates the expectations raised
in November with its preliminary figures for the financial year 2006. The
company was able to increase revenue and income significantly.

The revenues increased by Euro 52.7m or 44 percent, growing to Euro 173.7m
for the entire year (2005: Euro 120.9m). Thereof Euro 12.6m can be
attributed to organic growth in the three segments Services, Software and
Resourcing. The companies acquired during the financial year 2006
contributed Euro 40.1m to the increase in revenue.

Earnings before taxes (EBT) increased in 2006 by Euro 5.1m to Euro 6.7m.
Thus, the profit margin of 3.8 percent outperformed the 3 percent forecast
for the entire year, which had been raised to 3.6 percent during the year.
Earnings per share increased in the past financial year to Euro 0.19
(previous year: Euro 0.04).

The Resourcing segment posted the largest growth in revenue of 122 percent,
up to Euro 84.2m. This division benefited both from the integration of the
companies acquired at the start of 2006, as well as from an active demand
for freelance IT specialists.

The Services segment was able to increase revenue by 6 percent to Euro
82.4m thanks to successful projects in Europe and South America.
Furthermore, GFT has also been able to procure several long-term contracts
with clients in our target industries of banking and logistics services,
which will go into the implementation phase in 2007.

The Software segment increased its revenue by 26 percent to Euro 7.1m. This
can be attributed, among other things, to the successful market launch of
the new GFT inspire product, for the optimisation of business processes.

During the fourth quarter of 2006 the GFT Group achieved revenues of Euro
46.3m. Earnings before taxes (EBT) amounted to Euro 2.2m.

As of 31 December 2006, the GFT Group's balance sheet showed liquid assets
and securities totalling Euro 23.9m.The equity ratio amounted to 54
percent.

As of 31 December 2006, the GFT Group employed a total of 1,057 workers –
11 persons more than on 30 September 2006, and 76 more than the same point
in time last year. 72 percent of the company’s employees work outside of
Germany.

The Executive Board is confident that it will be able to sustain its
dynamic corporate development in the current financial year. 'The growth
indicators for innovative IT services and software are pointing upwards,
and our present level of incoming orders reflects this', comments Ulrich
Dietz, chairman of GFT Technologies AG. He also provides a positive
outlook:

'In its 20th year, GFT is better positioned than ever before. For the
current financial year we are planning revenues of Euro 190m to Euro 200m
and an operating margin of 4.5 to 5.0 percent before taxes. According to
plan, earnings per share will increase to Euro 0.24 to Euro 0.26.'

The final and testified results for 2006 will be disclosed on 29 March 2007
and published on the internet (www.gft.com).

About GFT:
GFT Technologies AG (GFT) is a leading European supplier of innovative IT
solutions. GFT offers its clients the opportunity to realign their
businesses with innovative IT applications, providing rapid and sustainable
differentiation from the competitors.
The company’s range of competences includes consultancy, system
integration, application development and operation, through to procurement
of IT freelancers and outsourcing of IT development and purchasing
processes. GFT focuses on financial services IT, portal solutions for
marketing support, sales and service processes and documentation process
management solutions. Well-founded project and technological experience,
along with extensive sector knowledge in the field of financial and postal
services, means that GFT is the preferred IT partner for well-respected
companies globally. GFT’s concentration on implementation with modular
solution building blocks and an international production concept means that
savings can be made in both time and costs.

In 2006, GFT realised revenues of almostEUR 174m. Headquartered in St.
Georgen, the GFT Group was established in 1987 and employs more than 1,000
professionals at locations in Germany, Great Britain, France, India,
Switzerland and Spain.

GFT stock (WKN 580 060) is listed in the Prime Standard of the Frankfurt
Stock Exchange and is a member of the GEX (German Entrepreneurial Index).

Andrea Wlcek
Head of 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 07.03.2007

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

End of News DGAP News-Service

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