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Buy-back underscores confidence in new five-year strategy aimed at significantly growing revenue as well as profitability
NEW YORK, April 03, 2025--(BUSINESS WIRE)--GFT Technologies SE (GFT) plans to purchase treasury shares worth up to EUR 15 million. Based on the Xetra closing price on 26 March 2025 (EUR 22.95), this corresponds to up to 653,594 shares, accounting for up to 2.48 percent of share capital.
"This programme underscores our conviction that our new five-year strategy will make GFT even more successful and profitable. As the entire small-cap market is at a generally low valuation right now, we want to take advantage of this to buy back shares," said GFT’s Global CEO Marco Santos. All analysts covering GFT currently recommend GFT Technologies shares as a buy. Santos added, "We will turn GFT into a fully AI-centric company. We’re investing in our expertise, innovation and delivery capabilities to become the partner of choice for clients executing their AI transformation. This will drive our strong and profitable growth over the long term."
The share buy-back programme via the stock exchange is based on the authorisation granted by the Annual General Meeting on 24 June 2020 to purchase treasury shares up to 10 percent of share capital. It is to begin in April 2025 and, subject to renewed authorisation by the Annual General Meeting on 5 June 2025, shall end no later than October 14, 2025.
For more details on GFT’s five-year strategy, see the company’s audited Annual Report and the Group’s separate non-financial sustainability statement for the financial year 2024 which will also be released today.
This press release is also available for download via the GFT newsroom
About GFT
GFT Technologies is a digital transformation pioneer. We design AI-centric business solutions, modernise IT infrastructures and develop next-generation core systems for industry leaders in Banking, Insurance and Manufacturing. Partnering closely with our clients, we push boundaries to unlock their full potential.
With deep industry expertise, cutting-edge technology, and a strong partner ecosystem, GFT delivers AI-centric solutions that combine engineering excellence, high-performance delivery and cost efficiency. This makes us a trusted partner for sustainable impact and client success.
Our team of 12,000+ technology experts operate in 20+ countries worldwide, offering career opportunities at the forefront of software innovation. GFT Technologies SE (GFT-XE) is listed in the SDAX index of the German Stock Exchange.