Here are Frans’s pre-game thoughts ahead of Witted’s Q2 results announcement on Wednesday, August 19th ![]()
We expect the company’s revenue growth to have continued in the second quarter on the positive trajectory signaled by the monthly reports for April and May. We forecast that profitability improved year-on-year, driven by the structural factors observed in Q1, such as operational efficiency measures, improved sales margins, and the high profitability of Software Sauna. In the report, our focus will be particularly on the sustainability of organic growth, the profitability development of international business, the trend in the number of consultants, management’s comments on the demand situation, and, as is customary, the threats and opportunities posed by artificial intelligence. We have slightly lowered our earnings forecasts based on the monthly reports, but we still see the current stock price level as a good buying opportunity.