Germany's GFT Technologies H1 revenue rises on AI demand, reiterates 2026 outlook

GFT Technologies SE

06/08/2026 06:39

Overview
Germany digital transformation firm's H1 2026 revenue rose 5% yr/yr to EUR 462.6 mln
Adjusted EBIT for H1 2026 grew 8%, net income up 27% yr/yr
Company confirmed full-year 2026 guidance for revenue and profitability

Outlook
GFT confirms 2026 revenue guidance of around EUR 930 mln
Company expects 2026 adjusted EBIT of EUR 71 mln and EBT of about EUR 56 mln
GFT sees continued growth driven by demand for AI, core banking and cloud transformation

Result Drivers
AI PLATFORM MOMENTUM - Wynxx Agentic AI Platform and related offerings contributed to revenue growth, with expanded client adoption and measurable revenue impact
LATIN AMERICA GROWTH - Strong revenue increases in Brazil (+38%) and Colombia (+27%) drove segment growth
IMPROVED PROFITABILITY - Greater personnel efficiency, lower office rental costs and reduced negative FX effects supported higher margins

Company press release: ID:nEQT71v8a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 462.60 mln
 
H1 EPS
 
EUR 0.67
 
H1 Net Income
 
EUR 17.10 mln
 
H1 Adjusted EBIT
 
EUR 32.60 mln
 
H1 EBITDA
 
EUR 34.80 mln
 
H1 Operating Cash Flow
 
-EUR 1 mln
 
H1 Pretax Profit
 
EUR 24 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for GFT Technologies SE is €30.00, about 27.9% above its August 5 closing price of €23.45
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)