Fact Sheet

Codes and classification
ISIN FR0000072084 Mnemo GLT
Euronext code FR0000072084
Market EURONEXT PARIS – Euronext – Local Securities
Type Stock – Ordinary stock – Continuous
Compartment B (Mid Caps)
CFI ES

Fact Sheet

ICB sectorial classification

Industry: 9000, Technology
SuperSector: 9500, Technology
Sector: 9530, Software & Computer Services
Subsector: 9537, Software
Personal equity saving plan eligibility: Yes

Deferred Settlement Service: No

Trading currency: EURPrice Multiplier: 1.0
Quantity notation: Number of units
Timelag between CET and regulator time: 00:00
Trading Group 16
Total number of shares: 9,560,742
Capitalisation (€): 384,150,613.56 (20/08/08 16:40 CEST)

Indices weighting
INDICE GEN.SBF250 0,01 %
IT.CAC 0,10 %
CAC ALL SHARES 0,02 %
CAC MID & SMALL190 0,18 %
CAC SMALL90 1,53 %
CAC TECHNOLOGY 0,43 %
CAC SOFT. & C. S. 0,87 %

Dividends

Since GL TRADE’s IPO, the company has paid shareholders annual dividends equivalent to 40%-50% of its consolidated net profit.

Dividend payments for 2000 to 2007 were as follows:

Year Total Payment (€) Par action (€)
Net Dividend Fiscal Global
2003 7,236,801.60 0.70 0.35 1.05
2004 9,531,275.00 1.00 0.00 1.00
2005 13,408,417.40 1.40 0.00 1.40
2006 10,561,343.10 1.10 0.00 1.10
2007 12,493,339.30 1.30 0.00 1.30

Q&A

When and by whom was the company created?
GL TRADE was created in June 1987 by Louis-Christophe Laurent and Pierre Gatignol.X

What is its legal status?
GL TRADE is a Limited Liability Company.X

What is its sector of activity?
IT/Financial Services. GL TRADE provides the financial community with a full range of integrated software solutions to manage the entire financial transaction process.X

How many offices does GL TRADE have worldwide and how many employees?
26 offices abroad and over 1,400 employees (more than 70% outside France).X

What portion of turnover is invested in R&D?
GL TRADE invests 13% of its revenues in R&D. Research and development represents 550 people worldwide. 160 people are based in near-shore development centres in Tunis and Belgrade.X

Where is GL TRADE listed?
GL TRADE was introduced on the Nouveau Marché on February 16, 1999 (Euroclear code 7208). GL TRADE is now part of the Eurolist on Euronext.X

What are GL TRADE’s strengths?

  • Recurring business model: most revenues are derived from 2-year licensing subscriptions and in total over 80% of GL TRADE’s turnover is recurring.
  • A resilient model even under difficult market conditions due to global and competitive solutions.
  • Know-how based on 20 years of experience.
  • Great importance placed on client relationships and a mature sales network, 26 offices worldwide.
  • Large research and development teams (13% of turnover dedicated to R&D).
  • The ability to adapt to market and client needs.

Who are our clients? Where are they located?
GL TRADE serves over 1,600 clients globally, including from brokers to investment banks and comprises corporates and hedge funds.X

What is GL TRADE strategy for external growth?
GL TRADE is pursuing an external growth policy for the following reasons:

  • To consolidate and expand its position as a global player.
  • To expand its product range, create new products, save time in developing new products.
  • To promote GL TRADE’s technology in different countries worldwide.

Events Calendar

 

2007 turnover January 30, 2008*
2007 Definitive Results March 10, 2008*
Analysts Presentation March 19, 2008
2008 first quarter turnover May 6, 2008*
Shareholders Meeting June 26, 2008
2008 first half turnover July 30, 2008*
2008 first half results August 27, 2008*
Analysts meeting August 28, 2008
2008 third quarter turnover November 5, 2008*

* After Paris market closing

Financial Documents

[include file=http://www.gltrade.com/gltcom/jsp/investors/financialDocuments_2.jsp iframe=true width=430 height=450 scrolling=auto]

Other Documents

Note en reponse a l’offre publique d’achat simplifiee

Corporate Governance

The Board of Directors
The Board of Directors supervises the management of the Group and its accounts. It reviews all major investment proposals and issues the various authorizations required by law or our own by laws.

The Board has four members:

  • Pierre GATIGNOL, Chairman
  • Louis-Christophe LAURENT
  • Serge HARRY (of Euronext Paris SA)
  • EURONEXT Paris SA

Senior Officers:

  • Pierre GATIGNOL, Executive Chairman
  • Louis-Christophe LAURENT, Deputy Managing Director
  • Yassine BRAHIM, CEO and Deputy Managing Director, appointed in 2007
  • Frédéric MORIN, Deputy Managing Director

Group Managing Board (GMB)
Since September 2006, the GMB is responsible for the Group’s operational management and consists of:

  • Pierre GATIGNOL, Executive Chairman
  • Yassine BRAHIM, CEO
  • Vincent BURZYNSKI, Group Marketing and Products Director
  • Philippe RAPP, Strategic Development Director
  • Karoline RAETS, Human Resources Director
  • Laurence SAUNIER, Chief Financial Officer

Pierre GATIGNOL, Vincent BURZYNSKI, Karoline RAETS and Laurence SAUNIER are based in Paris. Yassine BRAHIM and Philippe RAPP are based in London. The GMB meets every fortnight, alternating between London and Paris.

X
Extended Group Managing Board (GMB+)
In addition to the GMB, this committee includes the Regional Directors and takes part in strategic decision-making. The GMB+ meets quarterly.

X
The Group Executive Committee (G50)
The GEC comprises the Group’s 50 leading managers, including the GMB+. It meets semi-annually to share information and to study operational and management issues.

Key Figures

Shareholders Structure
GL TRADE SA’s shareholders structure as of 31 March 2008

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5 year turnover Growth

GL TRADE has experienced sustained growth over the past 5 years. The subscription-based business model of the company enables the group to maintain recurring income that is sheltered from market fluctuations.

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Geographical Split

GL TRADE is present on all major electronic financial markets and on markets with a high growth potential: 80% of GL TRADE’s turnover was generated outside France in 2007.

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Turnover by Product Line

GL TRADE provides software solutions to cover the entire order flow from front to back office for buy and sell side: Trading & Order Management, Treasury and Risk Management, Settlement, Networking and Market Data.

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Profit & Loss Account

€m 31.12.07 31.12.06 % change
Turnover 203,3 184,8 +10%
EBITDA 39,5 36,6 +8%
Operating profit before goodwill Operating margin (%) 35,4
17,4%
32,9
17,8%
+8%
-
Operating income
EBIT/Turnover
34,6
17,0%
30,8
16,7%
+12%
-
Net profit 23,8 19,6 +22%
Group net profit 23,7 19,5 22%
Earnings per share (group share) 2,47 2,03 22%

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Balance Sheet

Assets (€m) 31.12.07 31.12.06
Intangible assets 131,2 79,3
Fixed assets & others 16,3 13,5
Trade & others 63,6 63,1
Cash 23,4 36,8
Total Balance 234,4 192,7
Liabilities (€m) 31.12.07 31.12.06
Shareholders’ equity 64,7 56,6
Minority interests 1,0 0,9
Non current liabilities:
Financial debt > 1 year
Others
33,3
27,6
5,7
17,2
15,8
1,4
Current liabilities:
Financial debt > 1 year
Trade & other payables
Deferred revenues
135,4
23,0
54,4
58,0
118,0
7,4
49,8
60,8
Total Balance 234,4 192,7

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Investor Relations

Acquisition of GL TRADE by SunGard

 Mise en oeuvre du retrait obligatoire visant les actions de la société GL TRADE
December 3rd, 2008

 Share and voting rights disclosure form
November 20th, 2008

Attestation de dépôt du document requis par l’article 231-28 auprès de l’AMF
October 22nd, 2008

Attestation de dépôt de documents auprès de l’AMF
October 22nd, 2008

Offre d’achat publique simplifiée faite aux actionnaires de la société GL TRADE
October 22nd, 2008

Note en reponse a l’offre publique d’achat simplifiee
October 8th, 2008

Désignation d’un expert indépendant
October 7th, 2008

SunGard Completes Acquisition of Majority Interest in GL TRADE
October 1st, 2008

GL TRADE announces that its main shareholders have accepted SunGard’s offer to acquire GL TRADE for €41.70 per share
September 17th, 2008

SunGard Announces Intention to Acquire GL TRADE for €41.70 per Share
August 1st, 2008