Half Year 2026 GFT Technologies SE Earnings Call Transcript
Key Points
- GFT Technologies SE (WBO:GFT) reported solid revenue growth of 5% in H1 2026, with strong performance in key markets like Brazil (38%), Colombia (27%), Switzerland (22%), and Spain (13%).
- Profitability improved significantly, with adjusted EBIT up 8% to EUR33 million and EBT up 26% to EUR24 million, reflecting better earnings quality and disciplined execution.
- The Wynxx Agentic AI platform is scaling rapidly, with 113 clients, 12 countries, and total influence contract value reaching EUR144 million, up 38% quarter-over-quarter.
- The company won six next-generation core banking programs and a major AML platform go-live for a Tier 1 European bank, demonstrating strong domain expertise and client trust.
- The order backlog increased by 18%, driven by multi-year contracts, including SAP business in Brazil, providing strong visibility for future growth.
- Revenue in Germany declined by 12% due to investment caution, and the UK business was down 18% in H1, though expected to return to growth in Q3.
- North America revenue declined 7% due to a low-margin pass-through business in Canada and unfavorable FX, with Canada down 12% in euro terms.
- Operating cash flow was negative at EUR1 million in H1, reflecting seasonality and working capital tied up in contract assets, though improved from last year.
- The company faces headwinds from FX in North America, which could impact revenue, though offset by tailwinds in Latin America.
- Internal AI token costs are rising, with an expected spend of around EUR1 million this year, requiring careful management and pricing adjustments.
Good afternoon, everyone and welcome to GFT's first-half 2026 results conference call. I'm Andreas Herzog and head of invest relations at GFT. Thank you very much for joining us today. Joining me on the call are Marco Santos, our Global CEO; and Jochen Ruetz, CFO and Deputy CEO.
Before we begin, please note that today's call is being recorded. The presentation accompanying today's discussion and the half-year reporting materials are already available in the investor relations section on our website. The replay of this conference call will be deeply available there also afterwards following today's event.
Marco will begin with an overview of the key developments and highlights during the first half of the year, followed by Jochen, will discuss the financial performance outlook, and we will then open the line for your questions.
With that, let me hand over to you, Marco. Marco, please go ahead.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
