Brief: GFT Technologies Suspends Forecast For 2020

GFT Technologies SE

07/04/2020 16:46

April 7 (Reuters) - GFT Technologies SE  GFTG.DE :
    * DGAP-ADHOC: GFT TECHNOLOGIES SE: GFT SUSPENDS FORECAST FOR
THE
CURRENT FINANCIAL YEAR AND REVIEWS DIVIDEND PROPOSAL
    * IT IS CURRENTLY IMPOSSIBLE TO MAKE A RELIABLE FORECAST OF
REVENUE AND EARNINGS FOR CURRENT YEAR.
    * SALES ACTIVITIES ARE BEING HAMPERED BY TRAVEL AND CURFEW
RESTRICTIONS, AND SOME CLIENTS ARE ALSO LIKELY TO POSTPONE
PROJECTS PLANNED FOR 2020.
    * WOULD REVIEW DIVIDEND PROPOSAL UNTIL ANNUAL GENERAL
MEETING IS
CONVENED
    * DIVIDEND WOULD LIE WITHIN DIVIDEND PAYOUT RANGE OF 20% -
50% OF
NET INCOME FOR GFT GROUP

Source text for Eikon:  ID:nEQ6FhV03a 
Further company coverage:  GFTG.DE 

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