Interim Statement Q1/2021
GFT Technologies SE | 12 May 2021
© 2021 | GFT Technologies SE and its affiliates. All rights reserved.
Shaping the | Interim Statement | |
future of digital | Q1/2021 | |
business | ||
Very good start into 2021
Outlook significantly upgraded on 26 April
- Increased demand for digitisation solutions
- Revenue rose significantly and strong orders received indicate higher growth trend
- Efficiency measures show effect
- Utilisation significantly above prior-year
- EBT more than doubled
- Operating cashflow und cash position remain on high level
- Number of employees with further increase - Brazil as biggest country
gft.com | 12 May 2021 | Minor variances due to rounding possible | 2 | |
Shaping the | Interim Statement | |
future of digital | Q1/2021 | |
business | ||
Key figures - revenue growth, strong rise in earnings
in €m | Q1/2021 | Q1/2020 | ∆% |
Revenue | 123.92 | 112.48 | 10% |
Order backlog | 231.28 | 196.29 | 18% |
EBITDA adjusted* | 13.55 | 10.39 | 30% |
EBITDA | 12.90 | 9.26 | 39% |
EBIT | 7.37 | 3.61 | >100% |
EBT | 7.01 | 3.02 | >100% |
Net income | 5.16 | 2.28 | >100% |
Earnings per share (in €) | 0.20 | 0.09 | >100% |
Earnings per share adjusted (in €)* | 0.26 | 0.16 | 57% |
Employees (in FTE) | 6,225 | 5,460 | 14% |
- Revenue growth by 10%
- Order backlog significantly above prior-year
- Strong increase in EBITDA adjusted by 30%
- Utilisation returned to normal
(Q1/2020: €-0.70m) - Restructuring measures amounted to €-0.97m (Q1/2020: €-0.40m)
- FX effects of
€-0.17m (Q1/2020: €-0.10m)
- Utilisation returned to normal
- EBT more than doubled
- EBT-margin rose to 5.7% (Q1/2020: 2.7%)
- Tax ratio slightly above prior-year 26.4% (Q1/2020: 24.4%)
*Adjusted for non-operational effects from M&A activities (EBITDA) plus applicable tax effects
gft.com | 12 May 2021 | Minor variances due to rounding possible | 3 | |
Shaping the | Interim Statement | |
future of digital | Q1/2021 | |
business | ||
Diversification improved further
Broad client diversification
Client concentration risk further reduced
34% | |
27% | |
23% | 23%22% |
18% |
17%
16%
10%10%
>50 €m >10 €m >5 €m | >1 €m | <1 €m | |||
% revenue GFT Group | Q1/2020 | Q1/2021e | |||
*Annualised extrapolation based on respective first quarter | |||||
gft.com | 12 May 2021 |
Sector split expanded
Growth with insurance by 25%
Industry & Others increase by 14%
76% 74%
13% 15% | 11% 11% | ||||||
Banking | Insurance | Industry & | |||||
Others | |||||||
% revenue GFT Group | Q1/2020 | Q1/2021 | |||||
Minor variances due to rounding possible | 4 | |
Shaping the | Interim Statement | |
future of digital | Q1/2021 | |
business | ||
Revenue and EBITDA adjusted by quarter
Revenue | EBITDA adjusted* | ||||||||||||
in €m | in €m | ||||||||||||
123.92 | 12.84 | 13.13 | 13.55 | ||||||||||
12.28 | |||||||||||||
11.71 | 2.38 | ||||||||||||
117.81 | 11.16 | 10.78 | 3.21 | 3.40 | |||||||||
10.39 | 2.92 | 2.56 | |||||||||||
2.53 | 2.84 | ||||||||||||
113.03 | 112.48 | 3.63 | 8.14 | ||||||||||
108.57 | 2.72 | ||||||||||||
105.72 | 105.31 | 105.99 | |||||||||||
104.92 | |||||||||||||
Q1/19 | Q2/19 | Q3/19 | Q4/19 | Q1/20 | Q2/20 | Q3/20 | Q4/20 | Q1/21 | Q1/19 | Q2/19 | Q3/19 | Q4/19 | Q1/20 | Q2/20 | Q3/20 | Q4/20 | Q1/21 | |
Ef f ects from IFRS 16
-
Q1/2021 vs. Q4/2020: revenue growth in all areas
Earnings improvement essentially driven by better utilisation as well as implemented efficiency measures - Q1/2021 vs. Q1/2020: significant increase in revenue, restructuring cost slightly above prior-year
*Adjusted for non-operational effects from M&A activities
gft.com | 12 May 2021 | Minor variances due to rounding possible | 5 | |
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GFT Technologies SE published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 05:33:03 UTC.