GFT Technologies SE

GFT Technologies AG: growth of revenue and profit in the third quarter

Positive development in all segments

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St. Georgen (euro adhoc) - St. Georgen, 9 November 2006 - GFT Technologies AG, leading European provider of innovative IT solutions, is continuing its positive development of the current year. In the third quarter a solid growth of revenue and profit was achieved compared to the previous year.

As of 30 September 2006, total revenue of the GFT Group amounted to EUR 127.3 million. In the third quarter an increase in revenue of 12 percent to EUR 47.2 million was realised.

Earnings before tax in the third quarter totalled to EUR 2.2 million compared to EUR 1.4 million in the previous quarter. In the first nine months, the GFT Group therewith generated earnings before tax of a total of EUR 4.5 million.

All segments contributed to the solid growth. The segment Resourcing could benefit from the integration of the former Parity companies acquired in the beginning of the year as well as from a brisk demand. In the segment Services the projects in Brazil are to be distinguished, which are going according to plan and will employ additional staff. The biggest contribution to results provided, as in previous quarters, the Spanish subsidiaries.

As of 30 September 2006, the GFT Group's balance sheet showed liquid assets and securities of EUR 13.5 million, with no significant short or long-term financial liabilities. The equity ratio was 52 percent.

The GFT group employed a total of 1,046 workers as of 30 September 2006 - 40 more than in the previous quarter and 47 more than at the same point in time last year. 71 percent of the employees are working abroad.

"The development in the current financial year meets our expectations and has confirmed our strategy", Ulrich Dietz, Chairman of the Executive Board of GFT Technologies AG, comments on the results. "Given the current demand and the satisfying capacity utilisation at all important development centres, we confirm our prospects for the total year. We will exceed the forecast of EUR 170 million in revenues slightly and the announced profit margin of three percent by an estimated 20 percent."

The GFT Group's Interim Report can be found on the Internet at

About GFT:

GFT Technologies AG (GFT) is one of Europe's leading suppliers of innovative IT solutions. GFT offers its clients the opportunity to realign their businesses with innovative IT applications, providing rapid and sustainable differentiation from the competition.

The company's offering includes consultancy, system integration, application development and operation, through to procurement of IT freelancers and outsourcing of IT development and purchasing processes. GFT focuses on financial services IT, portal solutions for marketing support, sales and service processes and documentation process management solutions. Well-founded project and technological experience, along with extensive sector knowledge in the field of financial and postal services, means that GFT is the preferred IT partner for well-respected companies globally. GFT's concentration on implementation with modular solution building blocks and an international production concept means that savings can be made in both time and costs. In 2005, GFT realised a revenue of EUR 121 million. Headquartered in St. Georgen, the GFT Group was established in 1987 and employs more than 1,000 professionals at locations in Brazil, Germany, Great Britain, France, India, Austria, Switzerland, Spain, Hungary and the USA. GFT stock (WKN 580 060) is listed in the Prime Standard of the Frankfurt Stock Exchange and is a member of the GEX (German Entrepreneurial Index).

Contact for Journalists: Andrea Wlcek Manager Investor Relations & Corporate Communications GFT Technologies AG 78112 St. Georgen Germany T: +49-7724-9411-440 F: +49-7724-9411-883 M:+49-173-702 29 95

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ots Originaltext: GFT Technologies AG
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Further inquiry note:
Elke Möbius
Press Office
Tel.: +49 (0)711 62042 200

Branche: Software
ISIN:      DE0005800601
WKN:        580060
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

Weitere Meldungen: GFT Technologies SE

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