 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Positive development in all segments
St. Georgen, 9 November 2006 – GFT Technologies AG, leading European provider of innovative IT solutions, is continuing its positive development of the current year. In the third quarter a solid growth of revenue and profit was achieved compared to the previous year.
|
|
As of 30 September 2006, total revenue of the GFT Group amounted to EUR 127.3 million. In the third quarter an increase in revenue of 12 percent to EUR 47.2 million was realised.
Earnings before tax in the third quarter totalled to EUR 2.2 million compared to EUR 1.4 million in the previous quarter. In the first nine months, the GFT Group therewith generated earnings before tax of a total of EUR 4.5 million.
All segments contributed to the solid growth. The segment Resourcing could benefit from the integration of the former Parity companies acquired in the beginning of the year as well as from a brisk demand. In the segment Services the projects in Brazil are to be distinguished, which are going according to plan and will employ additional staff. The biggest contribution to results provided, as in previous quarters, the Spanish subsidiaries.
As of 30 September 2006, the GFT Group's balance sheet showed liquid assets and securities of EUR 13.5 million, with no significant short or long-term financial liabilities. The equity ratio was 52 percent.
The GFT group employed a total of 1,046 workers as of 30 September 2006 – 40 more than in the previous quarter and 47 more than at the same point in time last year. 71 percent of the employees are working abroad.
„The development in the current financial year meets our expectations and has confirmed our strategy”, Ulrich Dietz, Chairman of the Executive Board of GFT Technologies AG, comments on the results. „Given the current demand and the satisfying capacity utilisation at all important development centres, we confirm our prospects for the total year. We will exceed the forecast of EUR 170 million in revenues slightly and the announced profit margin of three percent by an estimated 20 percent.”
| GFT Group summary |
 |
| Figures according to IFRS in EUR(k) | 01/01-30/09/2006
| 01/01-30/09/2005
| | Revenues | 127,343
| 88,696
| | EBITDA | 5,021
| 1,523
| | Total depreciation | 849
| 949
| | EBIT | 4,172
| 574
| | Earnings before taxes (EBT) | 4,472
| 1,057
| | Net income as of 30 September | 2,252
| 327
| | IAS 33 earnings per share, in EUR | 0.09
| 0.01
| | Employees, as of 30 September | 1,046
| 999
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
