Brief: GFT Technologies FY Revenue Up At EUR 730.14 Mln

GFT Technologies SE

02/03/2023 06:36

March 2 (Reuters) - GFT TECHNOLOGIES SE  GFTG.DE :
    * STRONG REVENUE GROWTH IN 2022, UPGRADED GUIDANCE REACHED:
+29
PERCENT TO EUR 730.14 MILLION
    * FY SIGNIFICANTLY IMPROVED EARNINGS: EBT +65 PERCENT,
ADJUSTED
EBITDA +33 PERCENT
    * DIVERSIFICATION ACROSS SECTORS AND CLIENTS CONTINUED:
INSURANCE
SECTOR +44 PERCENT, INDUSTRY & OTHERS +21 PERCENT; FURTHER
GROWTH IN CORE MARKET BANKING: +27 PERCENT
    * ADMINISTRATIVE BOARD PROPOSES DIVIDEND INCREASE OF 29
PERCENT TO
EUR 0.45 PER SHARE (PREVIOUS YEAR: EUR 0.35)
    * GUIDANCE 2023: GROWTH SET TO CONTINUE; REVENUE OF EUR 850
MILLION, ADJUSTED EBIT OF EUR 80 MILLION AND EBT OF EUR 72
MILLION EXPECTED
    * THIS CONSTELLATION LED TO HIGHLY DYNAMIC AND PROFITABLE
GROWTH
FOR IT GROUP OVER COURSE OF 2022: REVENUE ROSE BY 29 PERCENT,
EBT BY 65 PERCENT AND ADJUSTED EBITDA BY 33 PERCENT
    * FY ADJUSTED EBITDA INCREASED BY 33 PERCENT TO EUR 86.04
MILLION
(PREVIOUS YEAR: EUR 64.79 MILLION)
    * FY EBT MARGIN ROSE TO 9.0 PERCENT (PREVIOUS YEAR: 7.1
PERCENT)
    * IN FINANCIAL YEAR 2022, CASH FLOW FROM OPERATING
ACTIVITIES
IMPROVED TO EUR 57.49 MILLION

Source text for Eikon:  ID:nEQ3td3XXa 
Further company coverage:  GFTG.DE 

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