Brief: GFT Technologies Upgrades Earnings Guidance For 2021

GFT Technologies SE

21/10/2021 10:16

Oct 21 (Reuters) - GFT TECHNOLOGIES SE  GFTG.DE :
    * DGAP-ADHOC: GFT TECHNOLOGIES SE UPGRADES ITS EARNINGS
GUIDANCE
FOR 2021 ONCE AGAIN AND ANNOUNCES OUTLOOK FOR 2022
    * GFT TECHNOLOGIES SE - IT NOW EXPECTSFY  REVENUE OF EUR 560
MILLION (PREVIOUSLY EUR 550 MILLION), ADJUSTED EBITDA OF EUR 65
MILLION (PREVIOUSLY EUR 62 MILLION) AND SIGNIFICANT GROWTH IN
EBT TO EUR 40 MILLION (PREVIOUSLY EUR 36 MILLION).
    * GFT TECHNOLOGIES SE - FOR 2022, GFT ANTICIPATES FURTHER
DYNAMIC
MARKET GROWTH WITH A VERY POSITIVE BUSINESS DEVELOPMENT OF BOTH
DEMAND AND MARGINS, WHICH IS ABOVE MARKET EXPECTATIONS.
    * GFT TECHNOLOGIES SE - GFT FORECASTS REVENUE GROWTH FOR
2022 OF
AROUND 20 PERCENT COMPARED TO 2021. IT ALSO EXPECTS AN ADJUSTED
EBITDA TO REVENUE RATIO OF AROUND 11.5 PERCENT AND AN EBT MARGIN
OF AROUND 7.5 PERCENT.

Source text for Eikon:  ID:nEQ5lmFhpa 
Further company coverage:  GFTG.DE 

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