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

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