GFT TECHNOLOGIES

^

Original-Research: GFT Technologies SE - from Quirin Privatbank

Kapitalmarktgeschäft

06.03.2026 / 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: 06.03.2026

Target price: 33

Last rating change:

Analyst: Sebastian Droste

AI-centric strategy gains traction

On March 5, 2026, GFT released its full-year preliminary results 2025 and

provided guidance for 2026. Revenue growth was weak (+2.0% yoy to EUR

888.3m) and in line with our expectation (+0.4% vs EUR 885.0m). Growth was

supported by strong demand in Insurance and Industry & Others and by strong

expansion in Brazil, Colombia, the USA and APAC, as well as increasing

adoption of AI-driven modernization projects and the scaling of the Wynxx AI

platform. However, growth was limited by declining Banking revenues, weak

demand in Europe, particularly in Germany, Italy and Spain, and a sharp

revenue decline in the UK due to restructuring. The EBT margin declined yoy

to 5.2%, slightly above our estimate (+0.1ppt), mainly impacted by the

transformation in the UK and Software Solutions, capacity adjustments and

ongoing AI investments. For 2026, GFT guides revenue growth of 5.0% yoy to

EUR 930.0m and an EBT margin of 6.0%, exceeding our expectations. We raise

our target price to EUR 33 (from EUR 32) and confirm our Buy recommendation.

You can download the research here:

https://eqs-cockpit.com/c/fncls.ssp?u=fe85637e0c9cf2e28770d02032336a70

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=0fc3e95e-1965-11f1-8534-027f3c38b923&lang=en

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

2287302 06.03.2026 CET/CEST

°