GFT grows in first half of 2024 despite challenging markets

Dynamic growth in core sector banking, AI offers attractive opportunities

• Revenue grew by 11 percent to EUR 429.63 million in first half of 2024
• Adjusted EBIT increased by 15 percent to EUR 35.73 million
• High interest for AI solutions
• Sophos integration running smoothly, already creating business synergies
• 2024 outlook amended: Revenue and adjusted EBIT expected to grow by around 12 percent

Stuttgart, 08 August 2024 – GFT Technologies SE (GFT) continued its solid growth in the first half of 2024 in a market environment that remains challenging. Group revenue increased by 11 percent and adjusted EBIT by 15 percent year-on-year. This was driven by the banking and industry sectors, which recorded double-digit sales growth rates, as well as by recent acquisitions. Furthermore, dynamic growth in Brazil, GFT’s largest market, compensated for the weak development in the Anglo-Saxon markets in the first six months. In light of the prevailing market uncertainties, the company has made a slight amendment to its outlook.

The successful AI and Data solutions from the have already attracted great interest in the market. Leading analysts have recognised these achievements, with in the Google Cloud the thi