SEB har mod betaling udarbejdet denne analyse af Gofore:
Gofore continues its strong development, posting EUR 13.1m sales in May, which was 5% above our estimate after beating our sales estimate by 4% in April. Also daily invoicing per FTE in May was above our estimate and 5% up year-on-year, supporting in offsetting salary inflation. The company continues to attract new employees and signed several new agreements during the month, supporting development in the next years.
Sales in May of EUR 13.1m beat our estimate by 5%
Gofore published sales in May of EUR 13.1m, which was 5% above our estimate. We estimate that the organic growth in May was 36% year-on-year, while we had expected 29% before the announcement. The company grew organically some 24% in Q1 and 23% in April (both SEB estimates) and hence the growth rate has accelerated in May. However, there was one working day more this year in May in Finland compared to last year, which boosts year-on-year growth (impact about 7pp).
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