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SENASTE
Gofore's monthly sales data continued to miss our forecast in February, as sales in the month declined by 9% y/y. Although the day-adjusted decline was just 4%, we find the number somewhat disappointing and suggesting continued demand uncertainty. Headcount remained flat, as we expected. Daily sales/FTE was down 5% y/y, meaning likely declining profitability in Q1 from the previous year, although that should already be expected by markets, in our view.
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