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Gofore

13.50 EUR

+1.81 %

7,612 following

GOFORE

NASDAQ Helsinki

IT Services

Technology

+1.81 %
-1.60 %
-9.27 %
-27.96 %
-39.19 %
-38.64 %
-38.64 %
-4.93 %
+98.53 %

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
216.18M EUR
Turnover
97.95K EUR
P/E (adj.) (25e)
17.46
EV/EBIT (adj.) (25e)
15.44
EV/S (25e)
1.24
Dividend yield-% (25e)
3.63 %
Coverage
Recommendation
Reduce
Target price
15.50 EUR
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
November Business Review: Nasdaq Company News Gofore Oyj:n liiketoimintakatsaus marraskuulta 2025: Marraskuun liikevaihto... Working-day adjusted, Gofore’s pro forma revenue also seemed to grow from November of the previous year.
12/10/2025, 6:52 AM
by Karhu Hylje
11
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
Here are Frans’s comments on Gofore’s November. Gofore’s revenue, adjusted for working days, was organically at last year’s level, which is positive after a somewhat longer downward trend. Reported revenue grew strongly by 15% driven by the Huld acquisition. Overall capacity and ...
yesterday
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
8
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...
12/4/2025, 6:06 AM
by Sijoittaja-alokas
7
Gofore’s CFO changes: 9.12.2025 14:15:01 EET | Gofore Plc | Changes in board/management/auditing Gofore Plc Stock Exchange Release 9.12.2025 at 2:15 p.m. Changes in Gofore’s Management Team: CFO to change Teppo Talvinko, Chief Financial Officer and member of the Management Team of...
12/9/2025, 3:48 PM
by Sijoittaja-alokas
5
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