Gofore: Harvesting cash when the market is slow - SEB
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Gofore: Harvesting cash when the market is slow - SEB

Gofore’s performance in Finland was relatively strong throughout 2024 and the softness was driven by its international operations, which we think will bottom out. Additionally, we note the company’s strong relative balance sheet position, which we think it is about to put to more effective use. While near-term growth will likely remain muted, we see market momentum picking up some point. Meanwhile, cash seems to be flowing in.

Gofore’s performance in Finland was relatively strong throughout 2024 and the softness was driven by its international operations, which we think will bottom out. Additionally, we note the company’s strong relative balance sheet position, which we think it is about to put to more effective use. While near-term growth will likely remain muted, we see market momentum picking up some point. Meanwhile, cash seems to be flowing in.
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