Redeye - Another strong quarter for Formpipe

Formpipe Software’s Q1 sales and margins are beating the previous two year’s comparable Q1 performance. Sales at 94 million SEK were above our estimates of 91.5 mSEK. Profitability was significantly up compared to previous Q1, with an EBIT of 10 mSEK (10.6%) compared to our estimate at 8.9 mSEK (9.7%). We see very positive on both signs of continued profitability in the Danish operations, as well as the new separate reporting of the Life Science business area, which is one key growth opportunity in the firm. Read more in the analysis below.

The full analysis in PDF-format: http://korta.nu/Hr6

This is a press release from Redeye. Read more analysis at www.redeye.se.