Brief: GFT Technologies Q1 Adj. EBITDA Down 7% At EUR 10.4 Mln

GFT Technologies SE

14/05/2020 06:44

May 14 (Reuters) - GFT TECHNOLOGIES SE  GFTG.DE :
    * Q1 REVENUE 112.5 MILLION EUR
    * DIVIDEND PROPOSAL OF EUR 0.20 PER SHARE CORRESPONDS TO
PAYOUT
RATIO OF 39 PERCENT
    * OUTLOOK FOR 2020 STILL SUSPENDED DUE TO COVID-19
    * Q1 TOTAL REVENUE INCREASED BY 6 PERCENT WITH PURELY
ORGANIC
GROWTH OF 5 PERCENT
    * 7% DECLINE IN Q1 EBITDA AND A CORRESPONDING 5% FALL IN
EARNINGS
BEFORE TAXES (EBT)
    * Q1 ADJUSTED EBITDA FELL BY 7 PERCENT TO EUR 10.39 MILLION
(Q1/2019: EUR 11.16 MILLION)
    * Q1 NET INCOME DECLINED BY 16 PERCENT TO EUR 2.28 MILLION
(Q1/2019: EUR 2.71 MILLION)
    * SALES ACTIVITIES ARE BEING HAMPERED BY TRAVEL AND CURFEW
RESTRICTIONS, AND SOME OF CLIENT PROJECTS PLANNED FOR 2020 MAY
BE POSTPONED

Source text for Eikon:  ID:nEQ5BRngja 
Further company coverage:  GFTG.DE 

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