GFT TECHNOLOGIES AG (FRA:GFT) âââââââGFT Technologies SE upgrades its outlook for 2021 following a further increase in orders received
Transparency directive : regulatory news
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DGAP-Ad-hoc: GFT Technologies SE / Key word(s): Change in Forecast GFT Technologies SE upgrades its outlook for 2021 following a further increase in orders received GFT Technologies SE (GFT) now expects a stronger increase in revenue for the Group for the financial year 2021 to EUR 550 million (previously EUR 520 million, previous year: EUR 444.85 million), as well as higher growth in adjusted EBITDA to EUR 62 million (previously EUR 56 million, previous year: EUR 42.52 million) and in EBT to EUR 36 million (previously EUR 30 million, previous year: EUR 14.11 million). Orders received once again increased significantly. This is driven by catch-up effects, as projects that were postponed during the Covid 19 pandemic are now being realised. Additionally, decision-making cycles on the customer side are currently much shorter, from accelerated processes for tendering and awarding contracts to faster order initiation. This is happening against the background of a consistent structurally increased demand for digitalisation solutions. Earnings will increase disproportionately. This results from the significantly higher revenue as well as the lower than expected travel expenses. As previously announced, the results for the first half of 2021 will be published on 12 August 2021. Explanations of the key financial figures (EBT and adjusted EBITDA) used in this ad hoc disclosure can be found on the GFT website at www.gft.com/performancemeasures Your contacts:
20-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | ir@gft.com |
| 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: | 1220429 |
| End of Announcement | DGAP News Service |
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1220429 20-Jul-2021 CET/CEST