 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Highest quarterly revenues since 2001
St. Georgen, 10 August 2006 – GFT Technologies AG, a leading European provider of innovative IT solutions, continued on a growth path in the first half of 2006 and increased significantly both revenues and profit. In the first six months of the current financial year, the GFT Group achieved revenues of EUR 80.1m., compared to EUR 58.3m. for last year. Of this amount, EUR 42.2m. was generated in the second quarter of 2006, and EUR 37.9m. was generated in the first quarter. Profit before taxes in the first half year was EUR 2.3m., compared to EUR 0.2m. for the previous year.
|
|
In the second quarter, the GFT Group achieved a profit before taxes of approximately EUR 1.4m. and was thus able to improve upon the positive development of the first quarter that amounted to EUR 0.9m. Compared to the same period last year, profit before taxes increased by more than EUR 2m., from EUR 0.2m. to EUR 2.3m. The positive development in results can be attributed, to the growth of the Spanish subsidiaries and to the increasing demand in the Resourcing division.
The GFT Group was also able to register significant growth in turnover: With revenues of EUR 42.2m., the GFT Group achieved its highest quarterly revenues since 2001. This corresponds to an increase in revenues of 11 %, compared to EUR 37.9m. for the first quarter, as well as an increase of 37 % compared to EUR 58.3m. for the same time period last year. This growth can be credited, in essence, to the three-month consolidation of revenues of the acquired Parity companies, to the growth in the Services segment in Spain and UK, and to increasing licence revenues in the Software division. Without the purchased Parity companies, the increase in revenues was of
6 % over the previous quarter, and of 5 % over the same period last year.
As of 30 June 2006, the GFT Group's balance sheet showed liquid assets and securities of EUR 10.2m., with no significant short or long-term financial liabilities. The equity ratio was 54 %.
As of 30 June 2006, the GFT Group employed 1,006 staff including part-time employees - one person more than in the previous quarter, and 7 persons more than the same time period last year. Furthermore, 71 % of our workforce is employed outside Germany.
„The first half of 2006 emphatically corroborated our planning. We are particularly excited about two major projects in Germany, which are currently in the final negotiation phases“, commented Ulrich Dietz, Chairman of the Executive Board of GFT Technologies AG. „The success of our division Resourcing approved our strategy. For the future we expect significant growth in this segment. Furthermore our international production model has been very successful, and as a result we confirm our outlook for 2006 with revenues of EUR 170m. and a margin before taxes of at least 3 %."
GFT Group summary
 |
|
|
|
|
|
|
|
|
|
Contact for Journalisten:
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
