10.05.2006 GFT auf Wachtumskurs

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Significant increase in Revenues and Results / Positive Outlook

St. Georgen, 11 May 2006 – GFT Technologies AG, a leading European provider of innovative IT solutions, was able to carry its successful development forward into the first quarter of 2006. In the first three months of the current business year, the GFT Group achieved revenues of EUR 37.9m., compared to EUR 28.3m. for last year. Earnings before taxes were EUR(k) 915, compared to EUR(k) 161 for the same time period last year. The results are ahead of our expectations.

During the traditionally weak first quarter, the GFT Group was able to markedly improve both revenues and operating results. This satisfactory increase can be essentially credited to the Services and Resourcing divisions. In the Services division, our Spanish subsidiaries, in particular, achieved the greatest contribution based upon a positive level of orders from domestic and European banks, as well as on the successful implementation of a major project in Brazil.

Despite incurring integration-related expenses from the acquisition of the Resourcing Solutions division of the Parity Group in Germany and France, the Resourcing segment made a much stronger contribution to results than expected. This indicates that the acquisition, made as of 31 January 2006, is a very good complement to activities in the Resourcing division, and offers considerable growth potential.

Earnings before taxes improved by EUR(k) 754. They totalled EUR(k) 915 for the quarter being reported, compared to EUR(k) 161 for the same quarter last year.

As of 31 March 2006, the GFT Group's balance sheet showed liquid assets and securities totalling EUR 14.5m., with no significant short or long-term financial liabilities. The equity ratio totalled 53 %.

At the end of the first quarter 2006, the GFT Group employed 1,005 workers – 24 more than the previous quarter, and 14 less compared to the same time period the previous year. Seventy-one percent (71 %) of our workforce is employed outside Germany.

"The business development of the GFT Group during the first quarter of 2006 clearly reaffirmed our estimates for the current business year - particularly in regards to the successful integration of the acquired Parity companies", commented Ulrich Dietz, Chairman of the Executive Board of GFT Technologies AG. “Demand for our services and technologies has clearly increased. We are confident that we will be able to convert these into the appropriate orders, thanks to our sophisticated international production model. For the 2006 financial year, we are aiming to achieve revenues of EUR 170m. and a margin of at least 3 % before taxes."

Interim Report as of 31 March 2006 (394 Kb)

	Contact for Journalists: Andrea Wlcek Manager Investor Relations GFT Technologies AG D-78112 St. Georgen T: +49-7724-9411-440 F: +49-7724-9411-883
	andrea.wlcek@gft.com