GFT Technologies SE (von Quirin Privatbank Kapitalmarktges... 11.05.2026, 15:07 Uhr von dpa-AFX Jetzt kommentieren: 0

Original-Research: GFT Technologies SE - from Quirin Privatbank
Kapitalmarktgeschäft



11.05.2026 / 15:07 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS
Group.
The issuer is solely responsible for the content of this research. The
result of this research does not constitute investment advice or an
invitation to conclude certain stock exchange transactions.



---------------------------------------------------------------------------



Classification of Quirin Privatbank Kapitalmarktgeschäft to GFT Technologies
SE



     Company Name:               GFT Technologies SE
     ISIN:                       DE0005800601



     Reason for the research:    Update
     Recommendation:             Buy
     from:                       11.05.2026
     Target price:               34
     Last rating change:
     Analyst:                    Sebastian Droste



Solid Q1 with margin improvement
On May 7, 2026, GFT released its Q1 2026 financial results and confirmed its
guidance for 2026. Revenues grew solidly by 3.4% yoy to EUR 229.5m,
exceeding our expectation by 2.0%, driven by strong growth in Brazil,
Colombia and Spain as well as continued demand for AI, cloud and SAP
modernization projects. At the same time, Germany, the UK, Mexico and Canada
remained weak due to cautious customer spending and project delays at some
Tier-1 clients. The Q1 EBT margin improved from 4.5% to 5.2%, in line with
our estimate of 5.3%, supported by higher utilization, disciplined cost
management and lower capacity adjustments in the UK. The order backlog
increased by 11.0% yoy to EUR 512.1m and guidance was confirmed, supporting
visibility for FY 2026. We raise our target price to EUR 34 (previously EUR
33) and confirm our Buy recommendation.




You can download the research here:
https://eqs-cockpit.com/c/fncls.ssp?u=14c2f088fd10d4d32dcfe92394b55a86
For additional information visit our website:
https://research.quirinprivatbank.de/



Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
research@quirinprivatbank.de
https://research.quirinprivatbank.de/



---------------------------------------------------------------------------



The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
View original content:
https://eqs-news.com/?origin_id=f8853eff-4d39-11f1-8534-027f3c38b923&lang=en



---------------------------------------------------------------------------



2325294 11.05.2026 CET/CEST