GFT Technologies SE confirmed outlook for the financial year 2020. The GFT Group confirmed its outlook for the financial year 2020 as announced on 19 June. Although revenue growth will be dampened by the ongoing Covid-19 pandemic, GFT expects an increase in revenue for the current financial year driven by its successful market positioning and the continuing digitalisation trend. However, adjusted EBITDA and EBT are expected to be lower than in the previous year. The underutilisation of capacity caused by the Covid-19 pandemic will be mitigated above all by restructuring measures. Earnings will be further burdened by planned expenses for expanding sales activities and technology expertise in order to prioritise revenue growth. GFT expects revenue of EUR 440 million (previous year: EUR 428.98 million), adjusted EBITDA of EUR 44 million (previous year: EUR 47.91 million) and EBT of EUR 13 million (previous year: EUR 18.73 million).