Earnings Release • Jul 8, 2024
Earnings Release
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Disclosure 448482
8.7.2024 10:30:48 EEST | Gofore Oyj | Inside information
Gofore Plc
8 July 2024 at 10.30 a.m EET
Inside Information
Inside information: Gofore Plc’s Business Review 1-30 June 2024: Net sales at 14.2 million euros
Inside information: In June 2024, Gofore’s net sales were 14.2 (15.9) million euros. The Group’s last 12-month (LTM) pro forma net sales were 189.7 million euros in. The Group employed 1,453 (1,396) people at the end of June.
CEO Mikael Nylund comments:
”Business continued in June in line with May until Midsummer. Thereafter began the Finnish summer holiday season, with which our business slows down as every year, to pick up again in August. June had 19 working days; less than any other month in the first half.
June was an active month in sales. We were e.g. invited in a significant frame agreement with the national broadcast company Yle for 2024-2028. In the agreement period, Yle will procure application development, design and maintenance services and other expert services for their information systems, applications, and digital services such as the Yle Areena streaming service, yle.fi website and the Yle application. The 35-million-euro frame agreement is shared between eight suppliers without priority order.
Much is happening in Finnish healthcare and social services, i.e. the wellbeing service counties, at the moment. Of the latest collaborations I could mention the North Ostrobothnia wellbeing services county named Pohde, a frame agreement of five suppliers on developing the operating procedures of wellbeing and rescue services for three years. This agreement’s total value is some 4.5 million euros.”
Key Figures
The numbers are unaudited.
| Month 2024 |
Net sales, MEUR | Pro forma LTM Net sales |
Number of employees at end of period | No. of working days in Finland | Full Time Equivalent, FTE |
Subcontracting, FTE |
| January | 16.9 (15.8) | 193.3 | 1,463 (1,318) | 22 (21) | 1,372 (1,225) | 147 (186) |
| February | 16.3 (15.3) | 193.7 | 1,461 (1,342) | 21 (20) | 1,372 (1,256) | 149 (184) |
| March | 16.0 (18.1) | 191.3 | 1,456 (1,354) | 20 (23) | 1,371 (1,271) | 160 (189) |
| April | 17.0 (14.5) | 193.1 | 1,456 (1,385) | 21 (18) | 1,372 (1,293) | 155 (187) |
| May | 16.8 (17.2) | 192.3 | 1,455 (1,400) | 21 (21) | 1,369 (1,311) | 159 (192) |
| June | 14.2 (15.9) | 189.7 | 1,453 (1,396) | 19 (21) | 1,368 (1,319) | 143 (170) |
Gofore’s financial reporting
In its monthly business review, Gofore discloses its monthly net sales, last twelve-month pro forma net sales and number of employees, as well as other indicators that help track the company’s growth strategy execution with comparison figures, such as the Full Time Equivalent (FTE) numbers that describe overall capacity and the ratio of subcontracting. Gofore publishes IAS34 compliant interim reports quarterly.
The Half-year report 2024 is published on 15 August 2024. July’s numbers are included in the August monthly business review, published in September. Dates for financial communications in 2024 are available on Gofore’s IR website: https://gofore.com/en/invest/investor-calendar/.
Gofore is an international digital transformation consultancy with Finnish roots. We have over 1,400 impact-driven people in 19 locations across Finland, Germany, Austria, Spain, Estonia and Italy. With our technology and business expertise we build an equal digital society and create sustainable solutions for the intelligent industry. Our diverse group of professionals shares a pioneering ambition to create a more humane, sustainable and ethical digital world. Our values guide our business: Gofore is a great workplace that thrives on customer success. In 2023, our net sales amounted to EUR 189.2 million. Gofore Plc’s share is listed on the Nasdaq Helsinki Ltd. in Finland. Our vision is to be the most significant digital transformation consultancy in Europe. Learn to know us better at gofore.com
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