GFT Technologies SE

ots Ad hoc-Service: GFT Technologies AG GFT grew revenues by 46 per cent up to 169 mn. DM

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    St. Georgen (ots Ad hoc-Service) -      

    GFT Technologies, one of Europe's leading Internet Consultants, grew revenues by 46 per cent up to 169.1 mn. DM in the financial year 2000. The operating profit before interest, taxes and amortisation of goodwill (EBITA) raised by 51 per cent to 17.1 mn. DM. Net income increased more than ten-fold to 3.3 mn. DM. Earnings per share according to DVFA/SG pre goodwill amortisation went up 9 per cent from 0.22 Euro to 0.24 Euro.

    As of 31 December, 2000 the balance sheet of the GFT Group showed liquid assets of roughly 34 mn. DM. The shareholders' equity amounted to 92.3 mn. DM, increasing from 65.2 per cent to 67.5 per cent of the balance sheet total.

    The strong growth is also reflected in the number of employees. By the end of the year the GFT Group had 726 permanent employees - 220 more than at the same time in the year ago.

    Due to the slowdown of the overall economy and the difficult market environment, the company reduces its estimations for the current financial year. GFT expects an organic growth between 30 and 35 per cent and strives for an EBIT margin of 10 per cent.

    The annual report of the GFT Group is available from 7 am on the internet at


    Sandra Strüwing Manager Corporate Communications/Investor Relations GFT Technologies AG Leopoldstraße 1 D-78112 St. Georgen Phone.: +49-7724-9411-423, Mobile: +49-171-864 72 83 Fax.: +49-7724-9411-883, e-Mail:

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