Gofore: Ending a slow year sitting on a cash pile - SEB
Bildkälla: Stockfoto

Gofore: Ending a slow year sitting on a cash pile - SEB

We expect Gofore to deliver another quarter showing resilience in its EBITA margin in a tough market. The key question is when will the Finnish digital consulting market start to recover. We slightly reduce our 2025 growth forecast and now see sales growth of 4% is being driven by H2. Our fair value range remains unchanged at EUR 26-29 and we emphasise the solid cash flow yield during the slow market momentum.

We expect Gofore to deliver another quarter showing resilience in its EBITA margin in a tough market. The key question is when will the Finnish digital consulting market start to recover. We slightly reduce our 2025 growth forecast and now see sales growth of 4% is being driven by H2. Our fair value range remains unchanged at EUR 26-29 and we emphasise the solid cash flow yield during the slow market momentum.
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