GFT Technologies SE Sets Financial Goals for 2024 with Optimistic Revenue and EBIT Growth

GFT Technologies SE, a leading technology company, has announced its financial outlook for the year 2024. The company is looking forward to a revenue growth of 15%, taking its projected revenues to €920 million. Additionally, GFT anticipates its adjusted EBIT (earnings before interest and tax) to increase by 16%, reaching €85 million. These expectations incorporate the impact of acquiring Sophos Solutions S.A.S. in February, marking a significant step towards GFT's growth strategy.

The forecast for earnings before tax (EBT) is also looking positive with a 6% increase to €72 million. However, this figure falls slightly below market expectations due to the acquisition-related expenses of Sophos, amounting to €9.5 million. Despite these additional costs, GFT remains optimistic about its financial performance and growth trajectory.

Reflecting on the past financial year of 2023, GFT reported a revenue growth of 10% to €801.74 million and an adjusted EBIT increase of 9% to €73.33 million. The earnings before tax saw a modest increase of 3% to €68.0 million, demonstrating the company's resilience and capability to maintain growth amidst challenges.