GFT Technologies SE: Upgraded FY26 Guidance

GFT Technologies SE has been the subject of a recent analysis by NuWays AG, resulting in a "BUY" recommendation with a target price of EUR 32. The third quarter saw an increase in GFT's sales to €238.3 million, an 11.5% rise year-on-year. This growth was propelled by markets in Brazil, Spain, and Colombia. Despite ongoing caution in investment, Germany showed improvement, and Europe returned to growth.

The firm's Q3 adjusted EBIT reported a 31.7% increase year-on-year, enhancing the margin to 8.5%. This was supported by improved personnel efficiency and reduced purchasing services costs. The September order backlog also grew by 22% compared to the previous year, reaching €397 million, reinforcing revenue visibility.

The company raised its full-year 2026 sales target to €945 million and adjusted EBIT to €72 million. However, the new targets suggest cautious projections for Q4. The broader demand for IT services remains strong, driven by ongoing modernisation needs in financial services.