DGAP-Adhoc: GFT Technologies AG: GFT Technologies AG: 0.25 euro dividend planned, adjustment of rate of dividend


GFT Technologies AG  / Key word(s): Dividend

04.03.2015 17:43

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

4 March 2015 

GFT Technologies AG: 0.25 euro dividend planned, adjustment of rate of
dividend

The management board and supervisory board of GFT Technologies AG have
decided today to propose to the general meeting a dividend of 0.25 euro for
2014, just as they did last year. This dividend corresponds to a
distribution amount of 6.58 million euros (6.58 million euros in the
preceding year) and therefore a significantly lower rate of dividend
(approx. 33 per cent) - based on the ratio of dividend amount to group
annual net earnings - than in the preceding year (approx. 48 per cent). For
the future, GFT envisages a rate of dividend between 20 and 40 per cent
(previously, 40 to 50 per cent). Within this range, GFT will aim for a rate
of dividend of around 30 per cent, but an upward or downward adjustment
could be made depending on the organic and inorganic growth of the group.

According to preliminary calculations, the EBT forecast for the 2014
financial year, which was increased from 23.00 million euros to 26.00
million euros at the end of October 2014, will be exceeded. The company is
now assuming that the EBT 2014 will be 27.07 million euros. At 34.64
million euros, EBITDA will also be higher than expected (previous forecast:
32.00 million euros). Group turnover for 2014 is expected to be 365.32
million euros and therefore slightly above the previous forecast of 360.00
million euros.

As announced, the company will publish the further preliminary results of
the 2014 financial year on 5 March 2015.

Contact:

GFT Technologies AG
Investor Relations
Jutta Stolp
Schelmenwasenstr. 34
70567 Stuttgart
T +49 711 62042-591
F +49 711 62042-301
Jutta.Stolp@gft.com  
www.gft.com 


04.03.2015 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
              Schelmenwasenstraße 34
              70567 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:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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