GFT Technologies SE (LTS:0O2W)

Preliminary Q4 2024 GFT Technologies SE Earnings Call Transcript

Mar 6, 2025 / 01:00 PM GMT

Release Date Price: €21.2 (+0.71%)

Transcript

Key Points

Positve

GFT Technologies SE (WBO:GFT) achieved a 10% revenue growth in 2024, reaching €871 million, and improved its adjusted EBIT margin by 6% to €77 million.
The company secured significant new clients, including a major digital banking factory in Germany and a core banking modernization program in Mexico.
GFT Technologies SE (WBO:GFT) expanded its presence in the USA, signing contracts with one of the top three largest retail banks and securing long-term contracts.
The company received global recognition, winning two awards from Amazon Web Services for innovation and financial services.
GFT Technologies SE (WBO:GFT) experienced a 150% growth in clients for its generative AI product, GFTI, from Q3 to Q4, demonstrating strong market adoption.

Negative

The company's EBIT adjusted was impacted by capacity adjustments, totaling €10.4 million for the year, and a separation from a board member increased costs in Q4.
GFT Technologies SE (WBO:GFT) faced challenges with higher personnel costs and social security contributions, particularly in Brazil, Spain, and the UK.
The company's net cash position declined significantly due to the acquisition of Sofas, resulting in a net cash of minus €42.5 million at the end of 2024.
The insurance sector showed minimal growth, with only a 1% increase, indicating potential challenges in this segment.
The UK market underperformed expectations, with a decline partly due to client demand for billing shifts to other regions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GFTG.DE - GFT Technologies SE
Preliminary Q4 2024 GFT Technologies SE Earnings Call
Mar 06, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, welcome to the GFT technologies preliminary figures full year 2024 and five year strategy conference call and live webcast. I would like to remind you that all participants will be this mode and the conference is being recorded.

The presentation will be followed by a Q&A session. You can register for question at any time by pressing 31 on your telephone. For operator assistance, please press 3 in 0. The conference must not be recorded for publication or broadcast.

At this time it's my pleasure to hand over to Andreas Erzog, head of investor relations. Please go ahead.

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Unidentified_2 [2]

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