Brief: GFT Technologies Acquires V-Neo

GFT Technologies SE

03/07/2018 17:38

July 3 (Reuters) - GFT Technologies SE  GFTG.DE :
    * GFT TECHNOLOGIES SE: GFT ACQUIRES CANADIAN IT SPECIALIST V-NEO, FOCUSED ON THE INSURANCE
INDUSTRY
    * COMPANY IS EXPECTED TO GENERATE REVENUES OF AROUND EUR 15.5 MILLION IN    THE CURRENT
FINANCIAL
YEAR
    * EARNINGS BEFORE TAXES (EBT) IS EXPECTED TO REACH APPROXIMATELY EUR 2.6 MILLION FOR THE
CURRENT
YEAR
    * DUE TO THE ACQUISITION-RELATED EXPENSES, V-NEO WILL  NOT MAKE A SIGNIFICANT CONTRIBUTION
TO GFT
EARNINGS IN 2018
    * AS A RESULT OF FIRST-TIME CONSOLIDATION IN AUGUST 2018, GFT EXPECTS ADDITIONAL REVENUES OF
AROUND EUR 7 MILLION FOR THIS FINANCIAL YEAR

Source text for Eikon:  ID:nEQ10zQPYa 
Further company coverage:  GFTG.DE 

 ((Reuters.Briefs@thomsonreuters.com;))