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Extensive research

Pidemmän aikavälin kasvulle vankempi pohja

By Joni GrönqvistAnalyst
Gofore
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Goforen näytöt kasvaa julkisella sektorilla hyvin kannattavasti ovat kiistattomat, markkinan vastatuulista huolimatta. Yhtiö on viimeisen parin vuoden aikana antanut hyviä näyttöjä kannattavasta vahvasta kasvusta kasvumarkkinoillaan yksityisellä sektorilla ja kansainvälisesti. Odotamme yhtiön jatkavan sektoria vahvempaa ja kannattavampaa kasvua myös tulevina vuosina, vaikka heikko taloussykli hieman hidastaa kehitystä. Osakkeen arvostuskuva (2023 EV/EBIT oik. 13x ja tuotto-odotus >15 %) on houkutteleva.

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.

Read more on company page

Key Estimate Figures14.12.2023

202223e24e
Revenue149.9188.7203.3
growth-%43.5 %25.9 %7.7 %
EBIT (adj.)22.025.126.4
EBIT-% (adj.)14.7 %13.3 %13.0 %
EPS (adj.)1.131.281.35
Dividend0.340.440.50
Dividend %1.5 %4.2 %4.8 %
P/E (adj.)19.68.17.7
EV/EBITDA14.15.14.3

Forum discussions

The May review has just been published Have a great summer, everyone on the forum! Our next review will be for June, which we will publish in...
18 hours ago
by Emmi Berlin
10
By regulated, I meant the space, defense, and medical sectors, where development and change management are safety-critical. In these fields,...
5/30/2026, 6:37 PM
by Hippos
4
Agentic development (far beyond the hype) has moved into all industries, including regulated ones. Where necessary, agents are being run on ...
5/30/2026, 2:22 PM
by Dualalarm
1
Since there is no solution, the hourly rate should go up, but based on what? A return to fixed pricing where potential risks of losses can now...
5/30/2026, 1:51 PM
by Hippos
2
I don’t know what kind of value a direct LLM message like that provides without any personal reflection. It’s better to read Inderes’ analyses...
5/29/2026, 2:59 PM
by Dualalarm
16
Thanks. Good summary. I agree with almost everything. Perhaps I wouldn’t consider an insider purchase by a single board member to be a highly...
5/29/2026, 7:51 AM
by Osakepoimija
1
Points on Gofore and the IT Services Sector The IT services sector, and Gofore in particular, currently faces significant operational risks ...
5/29/2026, 6:03 AM
by Energigurusijoittaa
15