10.11.2016 GFT Technologies SE  DE0005800601

DGAP-News: GFT Technologies SE: GFT continues its positive trend and raises revenue by 15 percent in Q3 2016


 
DGAP-News: GFT Technologies SE / Key word(s): Quarterly / Interim Statement GFT Technologies SE: GFT continues its positive trend and raises revenue by 15 percent in Q3 2016 10.11.2016 / 07:09 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- GFT continues its positive trend and raises revenue by 15 percent in Q3 2016 - Consolidated revenue up 15 percent to EUR 106.25 million in the third quarter - Ongoing digitalisation in the financial services industry remains key growth driver - Earnings (EBITDA) in the third quarter raised by 8 percent to EUR 12.46 million - Full-year 2016 guidance confirmed Stuttgart, 10 November 2016 - GFT Technologies SE today announced its results for the third quarter and the first nine months of 2016. The positive business trend of the first six months was continued in the third quarter. Strong demand from retail banks for solutions to digitalise their business processes was once again a major growth driver. Further growth momentum resulted from projects to implement compliance requirements. The guidance issued in the interim report as of 30 June 2016 for the financial year 2016 was confirmed. Revenue and earnings trend in the third quarter of 2016 Consolidated revenue rose year-on-year by 15 percent to EUR 106.25 million in the third quarter of 2016 (Q3/2015: EUR 92.72 million). Adjusted for the revenue contribution of the companies acquired in July 2015 (Adesis Netlife S.L.) and April 2016 (Habber Tec Brazil), GFT's organic growth in the third quarter amounted to 12 percent. The Continental Europe division generated dynamic revenue growth of 24 percent to EUR 48.91 million in the third quarter (Q3/2015: EUR 39.41 million) and accounted for 46 percent (Q3/2015: 43 percent) of consolidated revenue. Once again, this growth was mainly driven by strong demand from retail banking clients for solutions to digitalise their business processes. Despite the weak market trend in the investment banking sector, the Americas & UK division (which mainly comprises investment banking clients) achieved revenue growth of 4 percent to EUR 55.40 million in the third quarter (Q3/2015: EUR 53.31 million). This segment contributed 52 percent to consolidated revenue (Q3/2015: 57 percent). In the third quarter of 2016, earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 8 percent to EUR 12.46 million (Q3/2015: EUR 11.50 million). Pre-tax earnings (EBT) improved by 7 percent to EUR 9.11 million (Q3/2015: EUR 8.51 million). Due to a higher tax rate, earnings per share fell to EUR 0.23 (Q3/2015: EUR 0.25). Revenue and earnings trend in the first nine months of 2016 In the first nine months of 2016, GFT raised revenue by 16 percent to EUR 314.28 million (9M/2015: EUR 271.48 million). Adjusted for the revenue contributions of the acquired companies Adesis and Habber Tec Brazil, GFT achieved organic growth of 12 percent in the first nine months. Revenue in the Continental Europe division increased by 27 percent to EUR 145.62 million in the first nine months (9M/2015: EUR 114.37 million) and accounted for 46 percent of consolidated revenue (9M/2015: 42 percent). In the Americas & UK division, revenue in the first nine months was up 6 percent to EUR 166.24 million (9M/2015: EUR 157.11 million). As a result, this division contributed 53 percent to consolidated revenue in the first nine months (9M/2015: 58 percent). EBITDA in the first nine months rose by 9 percent to EUR 34.00 million (9M/ 2015: EUR 31.30 million). This figure includes negative exchange rate effects of EUR -2.42 million from the first six months due to the devaluation of the British pound in the period after the Brexit referendum. These effects were only marginal in the third quarter. The pre-tax result for the first nine months was up 4 percent to EUR 23.71 million (9M/2015: EUR 22.75 million). Earnings per share rose to EUR 0.69 in the first nine months (9M/2015: EUR 0.59). Headcount grows to over 4,700 As of 30 September 2016, GFT had a total of 4,749 full-time employees, corresponding to year-on-year growth of 22 percent (30 September 2015: 3,897). The increase resulted from the acquisition of Habber Tec Brazil with 102 employees, as well as from the hiring of new staff - above all at the company's development centres in Spain, Brazil, Poland and Costa Rica. Outlook 2016 The guidance issued with the half-year results 2016 has been confirmed. GFT expects revenue of EUR 420.00 million for the year as a whole (2015: EUR 373.51 million), with an EBITDA result of EUR 46.50 million (2015: EUR 44.56 million) and EBT of EUR 33.00 million (2015: EUR 32.52). "GFT continued to grow as expected in the third quarter," states Ulrich Dietz, CEO of GFT. "The encouraging development of the Continental Europe division demonstrates our excellent positioning with regard to the digitalisation of business processes - a key future topic. Investments aimed at implementing regulatory reforms are expected to remain strong." Additional key data As of 30 September 2016, cash, cash equivalents and securities amounted to EUR 44.08 million and were thus EUR 2.90 million below the year-end figure for 2015 (31 December 2015: EUR 46.98 million). Equity of EUR 126.79 million as of 30 September 2016 was EUR 2.34 million above the balance sheet figure on 31 December 2015 (EUR 124.45 million). Total assets as of 30 September 2016 were EUR 20.85 million up at EUR 347.66 million (31 December 2015: EUR 326.81 million). As of 30 September 2016, the equity ratio stood at 36 percent and was thus 2 percentage points below the year- end figure (31 December 2015: 38 percent). Detailed financial figures can be found in the Investor Relations section of the GFT website at: http://www.gft.com/ir Key figures (IFRS, unaudited) (deviations possible due to rounding differences)
In EUR million                                  Q3/2016       Q3/2015   ∆ %
Revenue                                          106.25         92.72   15%
EBITDA                                            12.46         11.50    8%
EBIT                                               9.54          8.87    8%
Earnings before taxes (EBT)                        9.11          8.51    7%
Net income for the period                          5.88          6.59  -11%
Earnings/share in EUR                              0.23          0.25  -11%
Equity ratio                                         36            38     -
in percent                                 (30.09.2016)  (31.12.2015)
Employees (full-time) as of 30.09.                4,749         3,897   22%


In EUR million                                   9M/2016       9M/2015  ∆ %
Revenue                                           314.28        271.48  16%
EBITDA                                             34.00         31.30   9%
EBIT                                               25.40         23.85   7%
Earnings before taxes (EBT)                        23.71         22.75   4%
Net income for the period                          18.08         15.44  17%
Earnings/share in EUR                               0.69          0.59  17%
Equity ratio                                          36            38    -
in percent                                  (30.09.2016)  (31.12.2015)
Employees (full-time) as of 30.09.                 4,749         3,897  22%


About GFT: GFT Technologies SE (GFT) is a business change and technology consultancy trusted by the world's leading financial services institutions to solve their most critical challenges. Specifically defining answers to the current constant of regulatory change - whilst innovating to meet the demands of the digital revolution. GFT brings together advisory, creative and technology capabilities with innovation culture and specialist knowledge of the finance sector, to transform the clients' businesses. Utilising the CODE_n innovation platform, GFT is able to provide international start-ups, technology pioneers and established companies access to a global network, which enables them to tap into the disruptive trends in financial services markets and harness them for their out of the box thinking. Headquartered in Germany, GFT achieved consolidated revenue of around EUR 374 million in 2015. The company is represented in twelve countries with a global team spanning more than 4,700 employees. The GFT share is listed on the Frankfurt Stock Exchange in the TecDAX (ISIN: DE0005800601). Contact: Jutta Stolp, CIRO Investor Relations Manager GFT Technologies SE Schelmenwasenstrasse 34 70567 Stuttgart Germany T +49 711 62042-591 F +49 711 62042-301 [email protected] www.gft.com Anja Ebert Press Spokeswoman GFT Technologies SE Schelmenwasenstrasse 34 70567 Stuttgart Germany T +49 711 62042-108 [email protected] www.gft.com --------------------------------------------------------------------------- 10.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: GFT Technologies SE Schelmenwasenstraße 34 70567 Stuttgart Germany Phone: +49 (0)711/62042-0 Fax: +49 (0)711/62042-301 E-mail: [email protected] Internet: www.gft.com ISIN: DE0005800601 WKN: 580060 Indices: TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 518411 10.11.2016


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 422,56 418,81 412,83 428,98 444,85 560,00 675,00
EBITDA1,2 46,76 32,32 37,52 44,89 39,70 65,00 75,00
EBITDA-Marge3 11,07 7,72 9,09 10,46 8,92 11,61 11,11
EBIT1,4 34,85 19,80 24,80 21,33 16,33 42,00 54,00
EBIT-Marge5 8,25 4,73 6,01 4,97 3,67 7,50 8,00
Jahresüberschuss1 24,23 17,81 19,98 13,66 9,94 27,00 35,00
Netto-Marge6 5,73 4,25 4,84 3,18 2,23 4,82 5,19
Cashflow1,7 19,83 23,70 44,83 36,18 60,25 63,00 0,00
Ergebnis je Aktie8 0,92 0,68 0,76 0,52 0,38 1,00 1,30
Dividende8 0,30 0,30 0,30 0,20 0,20 0,30 0,35
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

XETR:GFT Charts by TradingView (c)


INVESTOR-INFORMATIONEN
©boersengefluester.de
GFT Technologies
WKN Kurs in € Einschätzung Börsenwert in Mio. €
580060 38,700 Kaufen 1.018,81
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
27,25 24,00 1,14 59,72
KBV KCV KUV EV/EBITDA
7,12 16,91 2,29 27,94
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,20 0,30 0,78 01.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.05.2022 11.08.2022 11.11.2021 31.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-5,24% 32,47% -16,14% 218,78%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu GFT Technologies SE  ISIN: DE0005800601 können Sie bei DGAP abrufen


IT-Services , 580060 , GFT , XETR:GFT