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Gofore

14.06 EUR

-0.71 %

7,614 following
Corporate customer

GOFORE

NASDAQ Helsinki

IT Services

Technology

-0.71 %
+4.30 %
+6.03 %
+0.57 %
-24.25 %
-38.60 %
-39.00 %
-16.06 %
+106.76 %

Gofore operates in the IT sector. The company specializes in offering digital solutions and consulting in lead and process design, as well as cloud-based solutions. The greatest knowledge is found in the construction and development of software systems and associated project management. The company's customers are found among corporate customers and institutions. The largest operations are found around the European market.

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Market cap
228.35M EUR
Turnover
741.93K EUR
P/E (adj.) (25e)
EV/EBIT (adj.) (25e)
EV/S (25e)
Dividend yield-% (25e)
Coverage
Recommendation
Reduce
Target price
Updated
18.11.2025
Disclaimer
Joni Grönqvist
Joni Grönqvist

Analyst

Latest research

Latest analysis report

Released: 21.02.2024

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
25.2.
2026

Annual report '25

17.4.
2026

General meeting '26

29.4.
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Nordic IT service sector Q2’25: Difficulties across geographies
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

Nordic IT service sector Q2’25: Difficulties across geographies

In the rest of the Nordic countries, organic revenue development turned downward and profitability weakened in Q2. Thus, even applying the Rule of 20, the situation in the IT services market remains distinctly challenging, with only one company achieving good performance and two achieving satisfactory performance.

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Forum discussions
Thank you for the very good discussion regarding this recent United Arab Emirates & data leak controversy. I would like to emphasize a few things here: 1. The Helsingin Sanomat (HS) article highlights ethical conflicts between the company’s management and the ethics committee. It...
16 hours ago
by Timur Kärki
53
It’s quite nice for once to be on this side of the table, as my role is usually to criticize ESG stuff. Gofore’s own ethical handbook emphasizes human rights and every employee’s responsibility to take a strong stand on the implementation of ethical principles and adherence to Gofore...
1/9/2026, 9:14 PM
by Pohjolan Eka
36
Gofore has positioned itself as a “pioneer of an ethical digital world,” so it is crystal clear that the company’s ethics will be scrutinized more closely than those of the average company. Talking about the legality of the company’s operations is irrelevant in this context, because...
1/9/2026, 9:31 PM
25
Discussion is always good, but every listed company in Finland decides what is permitted and what is not. Listed companies are not democracies, and their primary task is to generate shareholder value. Writing that harms the employer is unequivocally a bad idea. Publicly disparaging...
1/9/2026, 7:45 PM
by OldFeki
24
As an outsider, it is of course difficult to assess, but one core requirement of a trade secret is that an effort has been made to keep the information secret. If the information has been published on an intranet or a comparable Slack channel and made available to a significant number...
1/9/2026, 8:38 PM
by Pohjolan Eka
14
Well… Information about which tenders are being participated in is normally considered to be at the very core of trade secrets. I also understand that this is the kind of information that a company, at least in Western markets, could not disclose itself without an assessment of whether...
1/9/2026, 7:45 PM
by ljkangas
14
I don’t understand your post. Gofore operates within the framework of business operations approved by Finland and cooperates with countries where it aims to provide added value to local citizens. Hundreds of other Finnish companies do exactly the same in the UAE, in practice also...
1/9/2026, 8:56 PM
by OldFeki
11
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