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GFT Technologies SE: Strong first quarter for GFT - significant revenue growth, earnings more than doubled - Seite 3

Revenue and earnings outlook 2021 raised significantly - GFT benefitting from stronger digitisation trend

The GFT Group significantly upgraded its outlook for the financial year 2021 on 26 April. The company expects significant revenue growth in the current financial year, driven by its successful market positioning and the increasingly strong digitisation trend. GFT forecasts revenue growth of 17 percent to EUR 520 million for 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 significant earnings growth: adjusted EBITDA is expected to improve significantly by 32 percent to EUR 56 million (2020: EUR 42.52 million). For EBT, GFT even expects a strong increase of 113 percent to EUR 30 million (2020: EUR 14.11 million).

Key figures (IFRS, unaudited)

(Deviations possible due to rounding differences)

In EUR million	Q1/2021	Q1/2020	∆
Revenue	123.92	112.48	10%
Adjusted EBITDA2)	13.55	10.39	30%
EBITDA	12.90	9.26	39%
EBIT	7.37	3.61	104%
EBT	7.01	3.02	132%
Net income	5.16	2.28	126%
Earnings per share in EUR	0.20	0.09	126%
Operating cash flow	15.12	15.20	-1%
Employees (FTE, as of 31 March)	6,225	5,460	14%
In EUR million	31/03/2021	31/12/2020	∆
Net liquidity	-19.98	-31.35	-36%
Equity ratio (in percent)	34	31	3

 

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