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Gofore: Expecting signs of slower growth - SEB

We expect another solid quarter by Gofore. With January-February sales already reported, we see organic growth for the quarter at c. 30% and EBITA margin should improve y/y. However, we expect the pace of growth to slow towards year-end. To understand the extent of the slowdown, we will pay close attention to management commentary about current trading and recruiting plans. Our fair value range remains unchanged at EUR 28-31.

We expect another solid quarter by Gofore. With January-February sales already reported, we see organic growth for the quarter at c. 30% and EBITA margin should improve y/y. However, we expect the pace of growth to slow towards year-end. To understand the extent of the slowdown, we will pay close attention to management commentary about current trading and recruiting plans. Our fair value range remains unchanged at EUR 28-31.
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