Formpipe: continuing strong performance
Research Note
2015-04-23
09:21
Formpipe Software's report for Q1 2015 shows that the company has started the new year in the same way it closed the last one. Sales came in at 94 mSEK (19% YoY growth) with an EBIT result of 10 mSEK (10.6% margin). Both is beating the previous two years' comparable Q1 performance and slightly above our already optimistic forecasts of sales of 91.5 mSEK (16% YoY growth) and EBIT of 8.9 mSEK (9.7% margin). The stock is opening at several percent above previous day closing.
AS
Alexander Sattelmaier
Disclosures and disclaimers