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Increase in incoming orders
St. Georgen, 10 November 2005 - GFT Technologies AG, one of Europe’s leading suppliers of innovative IT solutions, continues its successful trend with the best pre-tax profits since the third quarter of 2000. In the first nine months of the current financial year, the GFT group realised a turnover of EUR 88.7 m. Of this, EUR 30.4 m. was achieved in the third quarter after EUR 30.0 m. in the previous quarter. Pre-tax earnings were approximately EUR 1.1 m. The business development is further on in line with expectations.
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The GFT group improved its profit situation in the first nine months despite the fact that a significant improvement in the general economic situation cannot yet be recognised, especially in Germany. After the first nine months, pre-tax earnings of EUR(k) 1,057 were above the previous year’s figure of EUR(k) -2,775. Pre-tax earnings increased from the second to the third quarter, from EUR(k) 52 to EUR(k) 843, wherein in addition to increased operational yield, the third quarter was positively influenced by the sale of GFT Media. In comparison with the previous quarter, increased turnover was again realised in the Services segment in Germany and the segment Business Process Outsourcing. Turnover in the Software segment continued at the same level as the previous quarter. Compared with the previous quarter, turnover of the GFT group was increased by 1 % and
by 2 % in comparison with the comparable total from the previous year. The company’s performance again confirms our positive expectations for the current financial year.
As of 30 September 2005, earnings before interest, taxes, depreciation and amortisation (EBITDA) were EUR(k) 1,523 after having been EUR(k) 81 in the first nine months of 2004.
On 30 September 2005 the balance of net cash funds was EUR 17.9 m. Shareholders’ capital was EUR 43.5 m., corresponding to an equity ratio of 60 %.
As of 30 September 2005, the GFT group employed 999 full-time staff. This is 36 staff members fewer than at the same time in the preceding year. The proportion of staff members abroad is 70 %, a total of 704 staff members.
“We have done well in developing our performance in the current year and we consider our strategy confirmed. We were again able to increase the earnings of the GFT group“, says Ulrich Dietz, Chairman of the Executive Board of GFT Technologies AG. “In general, we are currently enjoying a positive order situation and an increasing inflow of new orders. After the pleasant development of the third quarter we anticipate continued increase in turnover and a further improvement in the operational yield in the fourth quarter.”
Overview of the GFT Group:
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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
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andrea.wlcek@gft.com |
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