GFT Technologies SE raises earnings forecast for 2022
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EQS-Ad-hoc: GFT Technologies SE / Key word(s): Change in Forecast/Forecast GFT expects earnings in the financial year 2022 to be considerably higher than the current forecast. According to this, earnings before taxes ("EBT") are expected to rise to EUR 66 million (previously EUR 60 million, FY 2021: EUR 40 million) and adjusted EBITDA to EUR 87 million (previously EUR 81 million, FY 2021: EUR 65 million). Revenue expectation remains unchanged at EUR 730 million (FY 2021: EUR 566 million). Reasons for the increase in the earnings forecast are lower provisions for the share-based component of management compensation, continued positive currency effects and higher than previously assumed capacity utilisation. The results for the first nine months of 2022 will be published on 10 November 2022 as announced. Explanations of the key financial figures (EBT and adjusted EBITDA) used in this ad hoc announcement can be found on the GFT website at www.gft.com/performancemeasures.
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20-Oct-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | GFT Technologies SE |
| Schelmenwasenstraße 34 | |
| 70567 Stuttgart | |
| Germany | |
| Phone: | +49 (0)711/62042-0 |
| Fax: | +49 (0)711/62042-301 |
| E-mail: | ir@gft.com |
| Internet: | www.gft.com |
| ISIN: | DE0005800601 |
| WKN: | 580060 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1467901 |
| End of Announcement | EQS News Service |
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1467901 20-Oct-2022 CET/CEST
