The June review has just been published:
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Here are Joni’s comments on Gofore’s June ![]()
Gofore’s revenue grew in June, driven by acquisitions and organic growth, exceeding our forecasts. We believe the strong sales momentum in June and the stable billing rate provide a good foundation for the half-year report to be published in August and for the rest of the year. Based on the business review, we marginally raised our forecasts, but following the divestment announced a few weeks ago, our forecasts decreased slightly overall. In our view, the big picture remains operationally unchanged and the company is on a good organic growth trend, which makes managing profitability significantly easier. We reiterate our buy recommendation and target price of 14.5 euros.
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