GFT Technologies falls on FY profit warning

GFT Technologies SE

24/07/2025 07:56

** Shares in GFT Technologies GFTG.DE fall 8% in early Frankfurt trade after the German IT company published preliminary Q2 results with a cut in guidance on Wednesday

** The company said revenue is now expected to increase by 2% and operating profit to fall 17% in 2025

** It said the profit warning comes due to negative exchange rate effects and the costs of restructuring of some business areas

** "Uninspiring, as GFT now expects only marginal sales growth and lower earnings," a local trader says

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))