GFT Technologies drops in pre-market trade on 'disappointing' outlook

GFT Technologies SE

06/03/2025 06:58

** Shares in German IT services & consulting GFT Technologies GFTG.DE are seen down 5% in pre-market trade, dropping on what a local trader described as a "disappointing" 2025 guidance

** "Weak FY25 profitability should weigh on shares," the trader says

** On Wednesday GFT also said it would become an AI-centric company with revenue of about 1.5 billion euros by 2029

** "Ambitious FY29 targets plus 'AI fantasy' is meant to help, but is so (too) far away," the trader adds

** The stock is at the bottom of the German small-caps index .SDAXI

 (Reporting by Anastasiia Kozlova)

 ((Anastasiia.Kozlova@thomsonreuters.com))