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GFT Technologies SE
Earnings Release • Apr 26, 2021
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Earnings Release
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News Details
Ad-hoc | 26 April 2021 11:29
GFT Technologies SE upgrades its outlook for 2021 following very good first quarter
GFT Technologies SE / Key word(s): Change in Forecast/Forecast
GFT Technologies SE upgrades its outlook for 2021 following very good first quarter
26-Apr-2021 / 11:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
GFT Technologies SE upgrades its outlook for 2021 following very good first quarter
GFT Technologies SE (GFT) got off to a very good start in its financial year 2021. Business in the first quarter and orders received so far were well above expectations. The reason is the increased demand for digitisation solutions in all significant areas. GFT has therefore decided to upgrade its Group outlook for 2021. It now expects a stronger increase in revenue to EUR 520 million (previously EUR 480 million, previous year: EUR 444.85 million), as well as more significant growth in adjusted EBITDA to EUR 56 million (previously EUR 50 million, previous year: EUR 42.52 million) and in EBT to EUR 30 million (previously EUR 24 million, previous year: EUR 14.11 million).
According to preliminary calculations, GFT Group generated revenue of EUR 123.92 million in the first quarter of 2021 (Q1/2020: EUR 112.48 million). Preliminary adjusted EBITDA amounted to EUR 13.55 million (Q1/2020: EUR 10.39 million) with EBT of EUR 7.01 million (Q1/2020: EUR 3.02 million).
As previously announced, the final results for the first quarter of 2021 will be published on 12 May 2021.
Explanations of the key financial figures (EBT and adjusted EBITDA) used in this ad hoc disclosure are to be found on the GFT website at www.gft.com/performancemeasures
Contact:
Karl Kompe
Investor Relations
GFT Technologies SE
Schelmenwasenstraße 34
70567 Stuttgart
T +49 711 62042-323
F +49 711 62042-301
www.gft.com
26-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | GFT Technologies SE |
| Schelmenwasenstraße 34 | |
| 70567 Stuttgart | |
| Germany | |
| Phone: | +49 (0)711/62042-0 |
| Fax: | +49 (0)711/62042-301 |
| E-mail: | [email protected] |
| Internet: | www.gft.com |
| ISIN: | DE0005800601 |
| WKN: | 580060 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1188180 |
| End of Announcement | DGAP News Service |