Brief: GFT Technologies FY Adjusted EBITDA Up At EUR 47.91 Mln

GFT Technologies SE

04/03/2020 15:51

March 4 (Reuters) - GFT TECHNOLOGIES SE  GFTG.DE :
    * GFT TECHNOLOGIES SE ANNOUNCES OUTLOOK FOR FINANCIAL YEAR
2020
AND DIVIDEND PROPOSAL FOR 2019
    * FY REVENUE 429 MILLION EUR VERSUS 412.8 MILLION EUR YEAR
AGO
    * FORECASTS YEAR-ON-YEAR 2020 REVENUE GROWTH OF 6 % TO EUR
455.00
MILLION
    * SEES AN INCREASE IN ADJUSTED EBITDA OF 4 % TO EUR 50.00
MILLION
AND IN EBT OF 7 % TO EUR 20.00 MILLION IN 2020
    * ADMINISTRATIVE BOARD INTENDS TO PROPOSE A DIVIDEND OF EUR
0.30
PER SHARE FOR FINANCIAL YEAR 2019
    * GROUP REVENUE AMOUNTED TO EUR 428.98 MILLION IN 2019
(2018: EUR
412.83 MILLION)
    * OUTLOOK FOR REVENUE IS SLIGHTLY ABOVE MARKET EXPECTATIONS
FOR FY
2020, WHILE FOR ADJUSTED EBITDA AND EBT IT IS SIGNIFICANTLY
BELOW
    * FY ADJUSTED EBITDA ROSE TO EUR 47.91 MILLION (2018: EUR
39.68
MILLION)
    * IN ITS OUTLOOK FOR 2020 IS TAKING INTO ACCOUNT CURRENT
CORONAVIRUS DEVELOPMENTS
    * DECIDED NOT TO PUBLISH CONSOLIDATED FINANCIAL STATEMENTS
AND
GROUP MANAGEMENT REPORT 2019 ON 30 MARCH 2020 AS PLANNED
    * WILL PUBLISH ITS ANNUAL REPORT 2019, INCLUDING
CONSOLIDATED
FINANCIAL STATEMENTS, IN COURSE OF APRIL 2020
    * FY EBT AMOUNTED TO EUR 18.73 MILLION (2018: EUR 22.64
MILLION)

Source text for Eikon:  ID:nEQ5bw32Ya 
Further company coverage:  GFTG.DE 

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