Gofore är ett IT-konsultbolag specialicerat på digital förändring. Bolaget har verksamhet i Finland, Tyskland, Spanien och Estland och en personalstyrka på över 1000 experter. År 2021 års omsättning uppgick till 104,5 miljoner euro.

Gofore uppvisade tillväxt i både omsättning och resultat under det första kvartalet 2022. Bolaget har även lyckats väl i sin arbetsgivarbranding och nyrekrytering av personal, vilket är en utmaning i branschen. I videon intervjuas vd Mikael Nylund av analytiker Joni Grönqvist.

Gofore continued to grow profitably and despite some minor bumps on the road EBITA was quite as expected at EUR 6.8m (Evli EUR 7.0m). We continue to expect above 30% in 2021. We retain our HOLD-rating and target price of EUR 21.

Gofore’s Q1 showed slight weakness y/y due to working day differences and lower billing rates due to changes in a customer’s deliveries, but overall progress remains good. With the recent share price rally, we lower our rating to HOLD (BUY), with a TP of EUR 21.0.

Gofore held its Capital Markets Day on January 14th, which for us acted mainly as a confidence boost, as updated financial targets and strategy had been communicated earlier. The company remains well on its track of profitable and rapid growth, with little obstacles to be seen. We retain our HOLD-rating and target price of EUR 16.0.