GFT Technologies SE

euro adhoc: GFT Technologies AG
Annual Reports
GFT achieves revenues of Euro 147.86m., EBITDA positive (E)

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GFT Technologies AG reports revenues of Euro 147.86m. and exceeds its target of Euro 144m. The increase in revenues is due to the first time consolidation of the Emagine Group from August 1, 2001.

The groups’s result has been most affected by high personnel costs, leading to an accumulated deficit of Euro -2.29m. EBITDA has been significantly positive with Euro 4.02m.

Euro 109.15m of revenues was generated by the consulting and software development sector. Apart from this core business the GFT Group achieved Euro 30.82m. from placing freelance IT specialists. The remaining Euro 7.89m. came from the sale of software products, maintenance and other revenues.

As of December 31, 2001 the group’s balance sheet accounted for liquid assets of Euro 20.5m. The total effective equity capital amounted to Euro 93.38m., 65 % of the balance sheet total.

At year end the GFT Group employed 1,337 professionals - 611 more than a year ago.

The complete annual report is available at www.gft.com/gb2001

Further information is given by the company during a conference call on 27/03/2002 at 10.30h and during an analyst presentation at 28/03/2002 in Eschborn from 9.00h.

Contact: Sandra Strüwing, Director Investor Relations, GFT Technologies AG, Leopoldstraße 1, D-78112 St. Georgen, T: +49-7724-9411-423, F: +49-7724-9411-883, M: +49-173-7085834, sandra.struewing@gft.com

end of announcement            euro adhoc 27.03.2002
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Further inquiry note: Frau Strüwing Sandra

Branche:        Software
ISIN:            DE0005800601
WKN:              580060
Börsen:         Baden-Württembergische Wertpapierbörse, Bayerische
Börse, Börse Düsseldorf, Bremer Wertpapierbörse (BWB), Hamburger
Wertpapierbörse, Handelsüberwachung der Berliner Wertpapierbörse,
Niedersächsische Börse zu Hannover, Frankfurter Wertpapierbörse



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