GFT Technologies SE — Earnings Release 2010

Aug 9, 2010

News Details

Ad-hoc | 9 August 2010 14:31

GFT Technologies AG exceeds expectations in second quarter and raises revenue and earnings forecast for 2010 as a whole

GFT Technologies AG / Change in Forecast/Half Year Results

09.08.2010 14:31

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The GFT Group recorded a significant upturn in its business during the
first six months of 2010. After an encouraging first quarter, the positive
development continued in the second quarter of the year. Both revenue and
earnings before taxes were ahead of expectations. The GFT Group generated
total revenue of EUR 114.68 million in the first six months of 2010,
corresponding to year-on-year growth of 9 percent. As of 30 June 2010,
earnings before taxes (EBT) amounted to EUR 4.64 million and thus exceeded
the prior-year figure of EUR 2.76 million by 68 percent.

This positive trend was also evident in the quarterly comparison: in the
second quarter of 2010, the GFT Group generated revenue of EUR 60.25
million and thus 11 percent more than in the previous quarter (EUR 54.43
million). Earnings before taxes increased from EUR 1.62 million to EUR 3.02
million in the second quarter, corresponding to quarter-on-quarter growth
of 86 percent.

The Services division in particular performed better than originally
expected at the beginning of the year. The segment generated revenue of EUR
56.21 million in the first six months, corresponding to year-on-year growth
of 30 percent (prev. year: EUR 43.32 million), and almost doubled segment
earnings to EUR 4.01 million (prev. year: EUR 2.10 million).

In view of the strong order position and more stable economic climate, the
Executive Board expects the current dynamic business development to
continue in the second half of 2010. Strong year-on-year growth is expected
in particular for the Services division. Thanks to increased demand -
especially from the financial sector - there are good opportunities for
this segment in particular to exceed the original expectations of early
2010 and achieve growth in both revenue and earnings.

The Executive Board has therefore raised its revenue and earnings forecasts
for the current financial year. The GFT Group now expects revenue to exceed
EUR 240 million and earnings before taxes to lie between EUR 10 and EUR 11
million.

The interim financial report as of 30 June 2010 will be published on 11
August 2010.

Contact:
Andrea Wlcek
Director Global Marketing, Media & Investor Relations
GFT Technologies AG
Filderhauptstraße 142
70599 Stuttgart
Germany
T +49 711 62042-440
F +49 711 62042-301
andrea.wlcek@gft.com
www.gft.com

09.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: GFT Technologies AG
Filderhauptstr. 142
70599 Stuttgart
Deutschland
Phone: +49 (0)711/62042-0
Fax: +49 (0)711/62042-301
E-mail: Investor-Relations@gft.com
Internet: www.gft.com
ISIN: DE0005800601
WKN: 580060
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart

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