Gofore: A strong June takes Q2 sales close to our estimate - SEB

After two months of slightly missing our estimates, Gofore reported June sales some 4% above our forecast. The strong summer month takes the Q2 sales close to our post-Q1 sales estimate and means the company has remained on an organic growth track (+2% y/y) also in the second quarter. The flat headcount development and limited use of subcontracting also leads us to think the EBITA margin will have improved y/y in Q2.

Länk till analysen i sin helhet: https://research.sebgroup.com/corporate/reports/142800