DGAP-News: GFT Technologies AG / Key word(s): Quarter Results GFT Technologies AG: GFT off to a good start in financial year 2013 08.05.2013 / 07:14 --------------------------------------------------------------------- GFT off to a good start in financial year 2013 - Core business grows by 4 percent in the first quarter of 2013 - Earnings before taxes (EBT) up 22 percent to EUR 1.55 million - Consolidated revenue of EUR 55.51 million slightly down on previous year Stuttgart, 8 May 2013 - The GFT Group got off to a successful start in the first quarter of its financial year 2013. With consolidated revenue of EUR 55.51 million, the Group fell just short of the prior-year figure (EUR 57.65 million). Adjusted for the planned reduction in revenue from Third Party Management business of EUR 4.25 million, core business grew by 4 percent. Pre-tax earnings (EBT) improved by 22 percent to EUR 1.55 million (prev. year: EUR 1.27 million). 'In the first quarter, we raised revenue in our core business and achieved a year-on-year improvement in earnings,' states GFT's CEO Ulrich Dietz. 'We were able to expand our market position with IT solutions for the finance sector. We will continue to implement the realignment of our emagine division - with which we help companies staff their technology projects - and expect a variety of factors to drive growth in 2013,' says Ulrich Dietz. Revenue: solid growth in core business Dedicated to delivering IT solutions for the finance sector, the GFT Solutions division raised revenues by 6 percent to EUR 32.40 million (prev. year: EUR 30.49 million) in the reporting period. This positive development of revenues was based on stable sales of IT solutions for the core banking systems of international financial institutes as well as growing demand for outsourcing services and compliance solutions. Growth rates were particularly high in the regions Germany and the UK. The division's share of consolidated revenue rose to 58 percent (prev. year: 53 percent). The emagine division posted revenue of EUR 23.09 million - 15 percent down on the previous year (EUR 27.16 million). Although activities involved with helping companies staff technology projects achieved slight revenue growth to EUR 22.45 million (prev. year: EUR 21.93 million), the division's Third Party Management business only contributed EUR 0.64 million to segment revenue (prev. year: EUR 5.23 million). In 2013, the planned reduction in revenue from this low-margin business will amount to around EUR 15 million. The emagine division's share of consolidated revenue fell to 42 percent (prev. year: 47 percent). EBT: consolidated result up 22 percent to EUR 1.55 million The GFT Group posted pre-tax earnings of EUR 1.55 million in the first quarter, corresponding to year-on-year growth of 22 percent (EUR 1.27 million). This figure includes expenses of EUR 0.77 million (prev. year: EUR 1.25 million) for the CODE_n innovation drive, which was once again one of the highlights of the CeBIT fair in March 2013. The development of earnings in the GFT Solutions segment had a positive impact on the consolidated result. Due to margin effects and high capacity utilisation, the segment's contribution to earnings rose by 33 percent to EUR 2.41 million (prev. year: EUR 1.81 million) with an operating margin of 7.4 percent (prev. year: 5.9 percent). Earnings of the emagine division were burdened by expenses involved with its realignment and amounted to EUR 0.10 million after the first three months (prev. year: EUR 0.68 million). Other key figures: solid balance sheet structure; headcount increased In the first quarter of 2013, net income of the GFT Group was up 83 percent on the previous year at EUR 1.14 million (prev. year: EUR 0.63 million). This strong increase resulted from an improved operating margin and a reduction in the calculated tax ratio to 26 percent (prev. year: 51 percent) due to a more balanced distribution of earnings among the national companies. Earnings per share improved to EUR 0.04 (prev. year: EUR 0.02). As of 31 March 2013, cash, cash equivalents and securities amounted to EUR 29.76 million (prev. year: EUR 27.52 million). The equity ratio stood at 60 percent at the end of the first quarter, compared to 59 percent as of 31 December 2012. Due in particular to the strong project position of the GFT Solutions division, headcount increased by 8 percent to 1,457 persons (prev. year: 1,346). As of the reporting date, 279 people were employed in Germany (prev. year: 275). Outlook Following the scheduled progress of business in the first quarter, the Executive Board expects the GFT Group to make good overall progress in the months ahead. The emagine division will continue to drive its realignment as an expert for staffing technology projects with specialists. The planned reduction of revenue of around EUR 15 million due to the gradual withdrawal from Third Party Management business is to be offset over the year by organic growth in other divisions. In the GFT Solutions segment, the company expects further growing demand for IT solutions to optimise core banking systems - especially in view of the need to adapt to new regulatory requirements, such as the introduction of a Single Euro Payments Area (SEPA) by February 2014. GFT expects further growth to result from rising investments in innovative solutions for mobile business. As a result of healthy growth prospects for the GFT Solutions division, the Executive Board continues to forecast an increase in revenue of 3 percent to EUR 238 million with pre-tax earnings of EUR 12 to EUR 13 million for the GFT Group in 2013 as a whole. With a clear profile and focus on innovations, the Group expects to achieve sustainable growth with rising profitability in the coming years. Detailed financial figures are available in the Investor Relations section of the GFT website at http://www.gft.com/ir. Key figures*

IFRS figures in EUR million         01.-31.03.2013   01.01.-31.03.2012

Revenue                                  55.51             57.65

EBITDA                                   1.86              1.51

EBIT                                     1.51              1.14

Earnings before taxes (EBT)              1.55              1.27

Net income as of 31.03.                  1.14              0.63

Earnings per share acc. to IAS 33 in EUR 0.04              0.02

Equity ratio in percent                  60                59

Employees, absolute figure as of 31.03.  1,457             1,346

* Deviations possible due to rounding differences About GFT: As a strategic technology partner based in Germany, the GFT Group helps companies optimise their business processes by providing intelligent IT solutions and highly skilled specialists. GFT is one of the world's leading IT solution suppliers for the finance sector. Under the motto 'inspiring IT', GFT enables financial institutes to quickly and securely utilise modern technologies. GFT combines established technological experience with comprehensive industry expertise in order to develop, implement and maintain customized IT solutions. With its subsidiary emagine, the GFT Group enables companies in selected growth sectors to quickly and flexibly staff their technology projects. emagine combines comprehensive business understanding with established technological know-how. Moreover, emagine has an international network of highly qualified IT and engineering specialists. For over 25 years, the GFT Group has stood for technological expertise, innovative strength and outstanding quality. Founded in 1987 by its current CEO, Ulrich Dietz, GFT achieved consolidated revenue of around EUR 231 million in 2012. The GFT Group is represented in seven countries by its 22 local facilities. A global team of around 1,400 employees and 1,000 external consultants implement complex IT projects across various countries. The GFT share is listed on the Frankfurt Stock Exchange (Prime Standard: WKN 580 060). Contact: Andrea Wlcek Director Global Marketing, Media & Investor Relations GFT Technologies AG Filderhauptstraße 142 70599 Stuttgart Germany T +49 711 62042-440 F +49 711 62042-301 [email protected] www.gft.com End of Corporate News --------------------------------------------------------------------- 08.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: GFT Technologies AG Filderhauptstr. 142 70599 Stuttgart Germany Phone: +49 (0)711/62042-0 Fax: +49 (0)711/62042-301 E-mail: [email protected] Internet: www.gft.com ISIN: DE0005800601 WKN: 580060 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 210164 08.05.2013