Published on: January 25, 2022
Strong outperformance for 2021
Sopheon has provided a comprehensive trading update for 2021, following a more general update provided at the time of the ROI Blueprints acquisition in December. It is clear that trading has remained robust, and the group has materially outperformed our (and consensus) estimates. This ongoing strength, coupled with the ROIB acquisition, which appears to be bedding down well, gives us confidence in the outlook for 2022 and beyond. We make no changes to forecasts at this point, but will look to revisit estimates as the year progresses.