Formpipe: Starting the year strongly
Research Note
2018-04-24
11:04
Formpipe started the year strongly and reported impressive profitability. EBIT came in at SEK 13.6m compared to our expectations of SEK 10.3m. The profitability is explained by a larger share of traditional licenses, a good drive in growth areas and completed measures in areas where the company has faced challenges. Moreover, recurring revenues are covering 71% of operating costs, which is a major stability factor for the company.
JS
Johan Svantesson
Disclosures and disclaimers