Brief: GFT Technologies: FY Revenue Up At EUR 566.19 Mln

GFT Technologies SE

03/03/2022 07:04

March 3 (Reuters) - GFT TECHNOLOGIES SE  GFTG.DE :
    * RECORD YEAR FOR GFT - GFT ACHIEVES ITS BEST-EVER REVENUE
AND
EARNINGS FIGURES IN 2021, ELEVATED TO SDAX IN DECEMBER
    * POSITIVE OUTLOOK FOR 2022: FURTHER REVENUE GROWTH OF 20
PERCENT,
EARNINGS EXPECTED TO INCREASE BY 36 PERCENT
    * SHAREHOLDERS BENEFIT FROM 287 PERCENT VALUE GROWTH AND
PLANNED
DIVIDEND INCREASE TO EUR 0.35
    * FY EBT ALMOST TRIPLED, REVENUE UP 27 PERCENT
    * REVENUE AND EARNINGS OUTLOOK 2022 RAISED SLIGHTLY
    * COMPANY EXPECTS THIS VERY POSITIVE TREND TO CONTINUE IN
2022
    * DUE TO HIGH LEVEL OF NEW ORDERS FOR 2022, GFT GROUP
EXPECTS ITS
VERY POSITIVE BUSINESS PERFORMANCE TO CONTINUE
    * REVENUE IS EXPECTED TO GROW BY 20 PERCENT TO AROUND EUR
680 MLN
AND PRE-TAX EARNINGS BY 36 PERCENT TO EUR 54.5 MLN. GFT IS THUS
UPGRADING ITS GUIDANCE FOR 2022 SLIGHTLY COMPARED TO THAT OF 21
OCTOBER 2021
    * IN FINANCIAL YEAR 2021, OPERATING CASH FLOW AMOUNTED TO
EUR
52.99 MLN (2020: EUR 60.25 MLN)
    * FY NET LIQUIDITY IMPROVED STRONGLY TO EUR 1.93 MLN (31
DECEMBER
2020: EUR -31.35 MLN)
    * OUTLOOK 2022: ADJUSTED EBITDA IS LIKELY TO GROW BY 17
PERCENT
AND REACH AROUND EUR 75.5 MLN (2021: EUR 64.79 MLN)
    * OUTLOOK 2022: FORECAST FOR EBT IS THUS SLIGHTLY ABOVE THAT
OF 21
OCTOBER 2021
    * FY REVENUE UP AT EUR 566.19 MLN
    * FY ADJUSTED EBITDA UP AT EUR 64.79 MLN
    * FY EBIT UP AT EUR 40.88 MLN

 Source text for Eikon:  ID:nASM000236 
 Further company coverage:  GFTG.DE  

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