Gofore: General uncertainty not visible in the numbers – SEB

Gofore’s strong profitability in Q2 increases our confidence in the company offsetting increasing wage inflation and achieving rising (or at least steady) margins ahead. Our 2022 estimates increase, but we make minor negative revisions to 2023, as we fear a weak macro environment will result in a more challenging market. However, Gofore remains a double-digit growth case in our eyes. Our fair value range rises slightly to EUR 25-28.

https://research.sebgroup.com/corporate/reports/116065

SEB Research

This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.

Annons