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Germany's GFT Technologies falls after H1 results

BUZZ-Germany's GFT Technologies falls after H1 results

** Shares in GFT Technologies GFTG.DE fall about 3.6% after the German IT company published its H1 results

** H1 adjusted earnings before interest and taxes rose 8% year-on-year to €32.65 million

** Analyst Oliver Frey at Metzler Capital Markets says the Q2 print is solid, with continued growth in Americas & APAC, strong order backlog, and a solid step-up in underlying profitability

** Frey highlights low momentum of -3% in Europe in H1 and 3% in Banking in H1 as negatives, while noting the share price fall earlier in the day of 4-6% ''seems harsh''

** GFT Technologies' shares are up 19.85% year-to-date


(Reporting by Alexander Klyve Gudbrandsen)

((alexanderklyve.gudbrandsen@thomsonreuters.com))

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