DGAP-Adhoc: GFT Technologies AG: GFT Technologies AG increases turnover and profit forecast for the 2014 financial year

GFT Technologies AG  / Key word(s): Change in Forecast

29.10.2014 14:28

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad-hoc disclosure pursuant to section 15 German Securities Trading Act
(WpHG)

29 October 2014 

GFT Technologies AG increases turnover and profit forecast for the 2014
financial year

The GFT Group has upgraded its annual EBITDA forecast from 29.50 million
euros to 32.00 million euros (increase of 2.50 million euros) and its
annual EBT forecast from 23.00 million euros to 26.00 million euros
(increase of 3.00 million euros). The company has also upgraded its
turnover forecast for the 2014 financial year to 360.00 million euros
(previously: 352.00 million euros). These changes are due to the continued
very dynamic growth during the course of the third quarter and the expected
carry-over of this growth in the fourth quarter in virtually all GFT
markets and customer groups. In addition, the integration of the British
Rule Financial Ltd. is progressing in a very positive manner.

According to preliminary calculations, the GFT Group achieved turnover of
255.20 million euros in the first three quarters, representing a growth of
38 per cent compared to the same period in 2013. During the first nine
months, the preliminary EBITDA increased by 84 per cent to 24.06 million
euros. The preliminary EBT increased by 71 per cent to 19.19 million euros.

As previously stated, the final results of the GFT Group for the first nine
months, as well as further details, will be announced on 6 November 2014.

Contact:

Jutta Stolp
Investor Relations
GFT Technologies AG
Filderhauptstr. 142
70599 Stuttgart
T +49 711 62042-591
F +49 711 62042-301
jutta.stolp@gft.com  
www.gft.com 


29.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      GFT Technologies AG
              Filderhauptstr. 142
              70599 Stuttgart
              Germany
Phone:        +49 (0)711/62042-0
Fax:          +49 (0)711/62042-301
E-mail:       Investor-Relations@gft.com
Internet:     www.gft.com
ISIN:         DE0005800601
WKN:          580060
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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