GFT Technologies SE

ots Ad hoc-Service: GFT Technologies AG GFT again confirms considerable organic growth

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    St. Georgen (ots Ad hoc-Service) -    

    Revenues increased by 56 per cent to 126 million DM

    Result rose by 25 times to 13.7 million DM

    GFT Technologies, one of Europe's leading Interactive Integration Architects, again showed a considerable organic growth in the first nine months of the current financial year not only in revenues but also in income. During the first three quarters the company attained revenues amounting to 126.2 million DM, approximately 56 per cent more than in the same period of the previous year. Earnings before interest and taxes (EBIT) could be increased by more than 25 times to 13.5 million DM. Thus the EBIT margin of more than 10 per cent could be confirmed sustainably. Earnings per share (undiluted) according to DVFA/SG pre goodwill amortization almost doubled from 0.10 Euro in the same period of the previous year to 0.19 Euro in the third quarter.

    Also the number of employees reflects the strong organic growth. As of 30 September the GFT Group in total had 672 permanent employees - 212 more than in the same period of the previous year, 44 more than by the end of June. Thus, the company grew by a total of 166 employees during the current year.

    For the current business year the company is adhering to its revenue goals of slightly more than 170 million DM as well as to a profit margin of 10 per cent.


    Sandra Strüwing Head of Corporate Communications/Investor Relations GFT Technologies AG Leopoldstraße 1 D-78112 St. Georgen Tel.:+49 (0)7724-9411-423 Fax.:+49(0)7724-9411-883


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