STUTTGART (dpa-AFX) - IT service provider GFT Technologies is taking a more pessimistic view of the current year due to the difficult economic environment. In terms of revenue, the specialist for digitization at banks and insurance companies now only expects an increase of between eleven and twelve percent to € 810 to 820 million. Previously, the company had expected an increase of 16 percent to 850 million. Earnings before interest and taxes (Ebit) adjusted for special effects will be between €68 million and €70 million (2022: €66 million), the SDax-listed company announced in Stuttgart on Thursday. Previously, GFT Technologies had expected an increase to €72 million.

In the first half of the year, revenue increased by ten percent to just under € 392 million. The operating result (adjusted Ebit) rose by four percent to € 31.2 million./zb/jha/