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Gofore Q2: Another solid report with EBITA above our expectation - SEB

Gofore posted Q2 EBITA above our expectation. Despite wage inflation exceeding the increase in average sales prices, operational leverage, including higher utilisation, has been enough to offset the inflationary pressure. July sales came in above our expectation, indicating that momentum remains strong. The company sees elevated uncertainty in the markets, although the general outlook is positive.

Gofore posted Q2 EBITA above our expectation. Despite wage inflation exceeding the increase in average sales prices, operational leverage, including higher utilisation, has been enough to offset the inflationary pressure. July sales came in above our expectation, indicating that momentum remains strong. The company sees elevated uncertainty in the markets, although the general outlook is positive.
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