Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Aug 18, 2026
AI Summary
Q2 2026

Revenue: Q2 net sales rose 32% to EUR 58.5 million, with 1.8% organic growth and strong overall growth driven by acquisitions and a bigger customer base.

Profitability: Adjusted EBITA margin improved to 7.2%, up 4.6 percentage points year-on-year, helped by higher sales, acquisition synergies and better control of fixed-price projects.

Portfolio shift: Gofore highlighted Defense & Space as a new strategic growth area, supported by the Huld acquisition and growing demand tied to security, sovereignty and dual-use technology.

Divestment: The sale of the product design and technical documentation business to CoE Group will reduce net sales by about EUR 8 million starting September 2026, but management said it improves strategic focus and long-term margins.

Outlook: Management sees a solid start to Q3, expects acquisitions to continue supporting growth, and said Finland is showing signs of recovery while Germany remains uncertain.

Key Financials
Net sales
EUR 58.5 million
Organic growth
1.8%
Adjusted EBITA margin
7.2%
Adjusted EBITA margin
7.3%
EPS
EUR 0.11
Headcount
around 1,900
Big customers
53
Attrition
a little over 10% for H1
Unexpected leavers
8%
Customer prices
1.7%
Average salary change
minus 1.3%
Equity ratio
50%
Cash
around EUR 27 million
Interest-bearing net debt
EUR 21.5 million
Net cash change
minus EUR 15.5 million
Defense & Space net sales
around EUR 18 million
Defense & Space experts
over 100 full-time equivalents
Divestment net sales impact
about EUR 8 million
Employees transferring in divestment
about 110 people
Long-term net sales target
EUR 500 million by 2030
Long-term profitability target
15% adjusted EBITA
Earnings Call Recording

Other Earnings Calls

2026