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Gofore

12.84 EUR

+0.31 %

7,622 following

GOFORE

NASDAQ Helsinki

IT Services

Technology

+0.31 %
-9.19 %
-8.81 %
-30.22 %
-42.16 %
-41.10 %
-44.54 %
-14.11 %
+88.82 %

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
205.61M EUR
Turnover
95.14K 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.

DigiaDigital WorkforceGoforeLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted MegacorpAvensiaBouvetB3 Consulting GroupColumbusCombinedXExsitec HoldingKnowitNetcompany GroupNNITProact IT GroupTrionaTrifork GroupWebstep
Forum discussions
Thank you for your answers, Timur! I greatly appreciate the Chairman of the Board participating in the discussion so actively. It is a rare treat on the Helsinki Stock Exchange and strengthens confidence in the company’s open culture. You mentioned that the question regarding the...
11/21/2025, 8:25 PM
20
Thanks @pörssipiia for your observations and tips for our strategy table, including regarding literature references. Regarding Huld, it’s worth waiting a moment longer before making bigger conclusions about the profitability of the parts that have joined the group or the change in...
12/1/2025, 3:19 PM
by Timur Kärki
11
Below is a recent release regarding the resolution of Gofore’s dispute. Inderes Sisäpiiritieto: Goforelle myönteinen välitystuomio riita-asiassa... 17.11.2025 18:14:19 EET | Gofore Oyj | SisäpiiritietoGofore Oyj Sisäpiiritieto 17.11.2025 klo 18.15 Sisäpiiritieto: Goforelle myönteinen...
11/17/2025, 9:01 PM
by Sijoittaja-alokas
11
Here are also Joni’s comments on this recent “dispute news” Gofore announced yesterday evening that it had received a favorable arbitration award in a dispute with its cooperation partner. The company will receive a total of EUR 3.1 million in compensation, which will be recorded...
11/18/2025, 8:14 AM
by Sijoittaja-alokas
9
Good point. It is undeniably true that in the “physical world” design represented by Huld (mechanics, industrial design), market salary and billing rates are typically lower than in demanding software consulting. This explains part of the difference. From an investor’s perspective...
11/27/2025, 4:52 PM
7
Here are Joni’s comments regarding the change negotiations related to the Huld integration. Gofore announced yesterday that the change negotiations related to the Huld integration program resulted in the termination of employment for 14 individuals in administrative roles. Overall...
20 hours ago
by Sijoittaja-alokas
6
That’s a really weak reaction to that 3.1 million contract compensation. Tietoevry’s 24.5 million compensation moved the stock more, even though it was proportionally smaller, as TE is 10 times larger than Gofore.
11/18/2025, 8:11 AM
by StockTycoon
2
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