on GFT Technologies AG (isin : DE0005800601)
GFT Technologies Announces EUR 15 Million Share Buyback
On March 28, 2025, GFT Technologies SE revealed plans to repurchase shares valued at up to EUR 15 million. This move aligns with the company's new five-year strategy aimed at enhancing revenue and profitability. Based on the Xetra closing price from March 26, 2025, the buyback could involve up to 653,594 shares, or 2.48% of the share capital. The decision reflects confidence in the market's current low valuation of small-cap stocks.
Marco Santos, GFT's Global CEO, emphasized the strategic focus on becoming AI-centric. The company plans to boost its AI transformation capabilities to strengthen its client partnerships, driving long-term growth. The buyback uses the authorization from the 2020 Annual General Meeting, starting in April 2025 and potentially ending by October 14, 2025, pending further approval.
R. H.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all GFT Technologies AG news