DGAP-News

GFT Technologies SE: GFT exceeds guidance and expects further growth and significantly improved earnings in 2021 - Seite 4

Demand for guidewire solutions for the insurance sector will grow strongly once again. The insurance business is therefore expected to account for 18 percent of total revenue (2020: 14 percent). The revenue share of the Industry & Others sector is also expected to rise further and reach 13 percent (2020: 11 percent). Revenue from applications using technologies such as DLT/blockchain, artificial intelligence, data analytics, DevOps and above all cloud, will continue to grow strongly and reach 50 percent of GFT's total revenue in 2021 (2020: 42 percent).

GFT forecasts an increase in revenue of 8 percent to EUR 480 million in 2021 (2020: EUR 444.85 million). Together with improved margins and revenue growth, the measures implemented in the financial year 2020 to enhance operating efficiency will result in a significant increase in key earnings figures: adjusted EBITDA is expected to grow by 18 percent to EUR 50 million (2020: EUR 42.52 million). For EBT, GFT even expects a strong increase of 70 percent to EUR 24 million (2020: EUR 14.11 million).

¹⁾ GFT's top 2 clients are defined as Deutsche Bank and Barclays.

²⁾ Fast-growing technologies are defined as DLT/blockchain, artificial intelligence, data analytics, cloud and DevOps.

Key figures (IFRS, unaudited)
(Deviations possible due to rounding differences)

In EUR million	2020	2019	∆ %
Revenue	444.85	428.98	4%
Adjusted EBITDA*	42.52	47.91	-11%
EBITDA	39.70	44.89	-12%
EBIT	16.33	21.33	-23%
EBT	14.11	18.73	-25%
Net income	9.94	13.66	-27%
Earnings per share in EUR	0.38	0.52	-27%
Cash flow from operating activities	60.25	36.18	67%
Dividend in EUR	0.20	0.20	0%
Employees (FTE) as of 31 December	5,986	5,242	14%

 

* Adjusted for special items from M&A activities.