GFT Technologies AG (GFTG) reported that its preliminary earnings before taxes (EBT) for the first half-year 2025 declined to 19.02 million euros from last year's 30.05 million euros. The decline was mainly due to a high positive one-off effect in the first half of 2024 amounting to 10.5 million euros, which had a favorable impact on the previous year's figure.
Adjusted earnings before interest and taxes or adjusted EBIT for the period was 30.14 million euros compared to 29.67 million euros in the previous year.
Revenue for the period was 441.51 million euros compared to 429.63 million euros in the previous year.
GFT now expects revenue for the 2025 financial year to be 885 million euros and adjusted EBIT to be 65 million euros. The forecast for EBT has been adjusted to 45 million euros. GFT had previously forecast revenue of 930 million euros for the full year 2025, adjusted EBIT of 75 million euros and EBT of 60 million euros.
GFT revised its revenue forecast largely because the euro has continued to strengthen significantly, which negatively impacted currency exchange rates. In addition, the company experienced weaker business performance in the UK.
The lowered outlook for adjusted EBIT and EBT is mainly driven by restructuring efforts at GFT's UK operations and its German subsidiary, GFT Software Solutions GmbH, along with ongoing currency challenges.
GFT currently expects business to remain positive in the second half of 2025. Due to market conditions and ongoing structural measures, a noticeable upturn in momentum is currently only evident in a few markets.
The half-year financial report is scheduled for release on August 7, 2025.
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