|High / Low (52 weeks)||€10.5 / €4.8|
|Stock market listing||DE|
|Forecast net debt (€m)||26.3|
|Forecast gearing ratio (%)||25|
* % Relative to local index
Other companies in sector Show
|Y/E Dec||Revenue (€m)||EBITDA (€m)||PBT (€m)||EPS (c)||P/E (x)||P/CF (x)|
Last updated on 31/07/2014
GFT Group posted a strong set of H1 results, with organic revenue growth of 18% and margins strengthened in both divisions. GFT, the group’s solutions business, continued to grow apace, with H1 organic revenue growth of 32% (40% in Q1 and 26% in Q2), while emagine saw a small revenue decline but returned to profit. We are maintaining our forecasts, which are based on conservative assumptions, and we note the group benefits from a number of strong growth drivers as management scales up the business internationally. Hence, following the correction in the share price, the valuation looks appealing at c 10x our FY15 earnings.
Last updated on 11/08/2014
GFT generates the bulk of GFT Group's profits through providing IT services, primarily to commercial and investment banks. It benefits from high levels of IT spending and complex business requirements in the financial services industry. It also benefits from favourable outsourcing trends in banking and has integrated near/farshore hubs in Spain and Brazil. The group's staffing business, emagine, sources skilled IT specialists and engineering staff for technology projects in the financial and corporate sectors.
Last updated on 05/08/2014
|Ulrich Dietz, Chairman & CEO|
|Jochen Ruetz , CFO|
+49 711 62042-0