Brief: GFT Technologies lowers guidance for 2017

GFT Technologies SE

24/10/2017 09:21

Oct 24 (Reuters) - GFT TECHNOLOGIES SE  GFTG.DE : 
    * DGAP-ADHOC: GFT TECHNOLOGIES SE: GFT TECHNOLOGIES SE LAUNCHES INDUSTRIAL CLIENT DRIVE AND 
LOWERS GUIDANCE FOR 2017 
    * 9M PRELIMINARY EBITDA 29.1 MILLION EUR VERSUS 34 MILLION EUR YEAR AGO 
    * 9M REVENUE 316.5 MILLION EUR VERSUS 314.3 MILLION EUR YEAR AGO 
    * STILL PLANS TO REACH ITS MEDIUM-TERM GUIDANCE WITH REVENUE GROWTH TO EUR 800.00 MILLION 
IN 2022 
    * STILL PLANS TO REACH ITS MEDIUM-TERM GUIDANCE WITH EBITDA MARGIN OF AROUND 12 PERCENT IN 
2022 
    * IS NOW PLANNING TO GENERATE EBITDA OF EUR 34.00 MILLION IN 2017 
    * FY GUIDANCE FOR PRE-TAX EARNINGS (EBT) HAS BEEN DOWNGRADED FROM EUR 26.00 MILLION TO EUR 
18.00 MILLION 
    * LOWERING ITS REVENUE GUIDANCE FOR 2017 AS A WHOLE BY EUR 10.00 MILLION TO EUR 415.00 
MILLION 
    * EXPECTS THAT EBITDA IN 2018 WILL INCREASE TO EUR 39.00 MILLION 
    * EXPECTS EBT TO INCREASE IN 2018 TO EUR 25.00 MILLION DUE TO LACK OF NEGATIVE SPECIAL 
ITEMS 
    * ANTICIPATES REVENUE OF EUR 415.00 MILLION IN 2018 
 
Source text for Eikon:  ID:nEQ98MzWsa  
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