Gft Technologies: Growth and margins moving higher - NuWays AG Research
GFT delivered a strong Q2, with growth accelerating and profitability improving further. Sales grew 6.1% yoy to € 233m, a clear acceleration vs. Q1 (+3.4% yoy). Meanwhile, adj. EBIT rose 9.9% to € 16.5m at a margin of 7.1% (+0.2pp yoy).
ANNONS
In sum, Q2 shows the operational inflection gaining traction: accelerating growth, a wider margin and a backlog that adds visibility. With the UK reset behind and AI-led modernisation demand intact, we reiterate BUY with an unchanged PT of € 32 (DCF-based), following minor estimate change.