Gofore: April sales close to our estimate - Headcount reductions to boost utilisation - SEB
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Gofore: April sales close to our estimate - Headcount reductions to boost utilisation - SEB

Gofore's April sales were roughly in line (-1%) with our assumption. The company also notes good activity in its sales pipeline and in April a couple of larger public sector deals were won. The improved activity gives confidence in our estimate profile as we forecast a gradual return to modest growth in H2. Gofore also announced the outcome of its employee reduction program, resulting in 5% cut in staff. We see the improving utilisation backing flat EBITA (y/y) in 2025E.

Gofore's April sales were roughly in line (-1%) with our assumption. The company also notes good activity in its sales pipeline and in April a couple of larger public sector deals were won. The improved activity gives confidence in our estimate profile as we forecast a gradual return to modest growth in H2. Gofore also announced the outcome of its employee reduction program, resulting in 5% cut in staff. We see the improving utilisation backing flat EBITA (y/y) in 2025E.
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