Original-Research: GFT Technologies (von Quirin Privatbank Kapitalmarktgeschäft): Buy
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Original-Research: GFT Technologies - from Quirin Privatbank Kapitalmarktgeschäft
Classification of Quirin Privatbank Kapitalmarktgeschäft to GFT Technologies
Growth in Americas and insurance On May 8, 2025, GFT released its Q1 financial results and confirmed its guidance for 2025. Revenue growth was stable and in line with our expectation. Growth was driven by strong momentum in the insurance sector and the Industry & Others segment, as well as solid expansion in Latin and North America. The integration of Sophos Solutions contributed to inorganic growth, while new business wins in robotics supported sector diversification. However, structural challenges in the UK and macroeconomic weakness in Continental Europe weighed on performance. Adjusted EBIT was impacted by higher personnel expenses, reduced R&D subsidies, and transformation costs, but the margin of 6.8% exceeded our estimate. GFT confirmed its 2025 guidance, expecting revenues of EUR 930.0m and adjusted EBIT of EUR 75.0m, both in line with our expectations. Notably, GFT raised its EBIT guidance from EUR 68.0m to EUR 75.0m due to a new definition of adjusted EBIT that now includes capacity adjustments and other extraordinary items. The investment case remains intact, supported by strong structural demand for cloud and AI solutions, growing international exposure, and increasing productivity gains through its AI-centric setup. We raise our target price to EUR 38.00 (previously EUR 37.50) and confirm our Buy recommendation. You can download the research here: http://www.more-ir.de/d/32542.pdf For additional information visit our website: https://research.quirinprivatbank.de/ Contact for questions: Quirin Privatbank AG Institutionelles Research Schillerstraße 20 60313 Frankfurt am Main research@quirinprivatbank.de https://research.quirinprivatbank.de/
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2134496 09.05.2025 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 428,98 | 444,85 | 566,19 | 730,14 | 801,74 | 870,92 | 885,00 | |
| EBITDA1,2 | 44,89 | 39,70 | 60,75 | 86,04 | 89,76 | 93,95 | 88,00 | |
| EBITDA-Margin3 | 10,46 | 8,92 | 10,73 | 11,78 | 11,20 | 10,79 | 9,94 | |
| EBIT1,4 | 21,33 | 16,33 | 40,92 | 65,55 | 68,40 | 70,99 | 65,00 | |
| EBIT-Margin5 | 4,97 | 3,67 | 7,23 | 8,98 | 8,53 | 8,15 | 7,35 | |
| Net Profit (Loss)1 | 13,66 | 9,94 | 29,89 | 46,25 | 48,36 | 46,48 | 40,00 | |
| Net-Margin6 | 3,18 | 2,23 | 5,28 | 6,33 | 6,03 | 5,34 | 4,52 | |
| Cashflow1,7 | 36,18 | 60,25 | 52,99 | 57,49 | 40,44 | 72,42 | 65,00 | |
| Earnings per share8 | 0,52 | 0,38 | 1,14 | 1,76 | 1,84 | 1,77 | 1,52 | |
| Dividend per share8 | 0,20 | 0,20 | 0,35 | 0,45 | 0,50 | 0,50 | 0,50 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Deloitte
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| GFT Technologies | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 580060 | DE0005800601 | SE | 461,76 Mio € | 28.06.1999 | Kaufen | 8FWFP559+5Q |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 10,32 | 20,48 | 0,50 | 13,43 | 1,93 | 6,38 | 0,53 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 0,50 | 0,50 | 0,50 | 2,79% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 05.06.2025 | 08.05.2025 | 07.08.2025 | 13.11.2025 | 28.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -1,10% | -13,43% | -19,00% | -16,16% | +133,38% |
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