GFT Technologies (GFTG), a German IT management service provider, reported a 6 percent increase in preliminary adjusted EBIT for the financial year 2024. The company's administrative Board has proposed to pay a stable dividend of 0.50 euros per share. The company anticipates solid revenue growth in its financial year 2025. It has published its new five-year strategy and mid-term targets.
In the financial year 2024, GFT Technologies reported a 10 percent revenue growth, reaching 870.92 million euros, up from 788.87 million euros in 2023. The company also achieved a 6 percent increase in adjusted EBIT, amounting to 77.44 million euros, compared to 73.33 million euros in the previous year. However, EBT declined by 4 percent to 65.01 million euros, from 68.00 million euros in the prior year. Both earnings figures benefited from a positive one-off gain of 10 million euros in 2024.
GFT expects revenue growth by 7 percent to 930 million euros and a decline in adjusted EBIT by 12 percent to 68 million euros for the financial year 2025. EBT is forecasted to decrease by 8 percent to 60 million euros.
According to the company, the revenue and adjusted EBIT guidance is in line with market expectations, while the EBT guidance significantly falls below market expectations. Higher investments, additional efficiency measures, and higher contributions to social security systems across various countries are having a negative impact on both, adjusted EBIT and EBT.
The company plans to grow revenue to around 1.5 billion euros and achieve an adjusted EBIT margin of 9.5 percent by 2029. The company intends to become fully AI-centric by 2029.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.