Gofore Oyj

Regulatory Filings • Dec 19, 2024

Disclosure 453349

Gofore Oyj - Other information disclosed according to the rules of the Exchange

Gofore updates its long-term financial targets - Changes in Group Executive Team

19.12.2024 10:20:00 EET | Gofore Oyj | Other information disclosed according to the rules of the Exchange

Gofore Plc

Other information disclosed according to the rules of the exchange

19 December 2024 at 10.20 EET

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Gofore updates its long-term financial targets – Changes in Group Executive Team**

The Board of Directors of Gofore Plc has today as part of its strategy process decided on Gofore’s updated long-term financial targets, as well as changes to the Group Executive Team.

Long-term financial targets

Gofore’s growth strategy aims to reach 500 million euros in net sales by 2030, while maintaining the company’s capability to deliver strong profitability at 15% adjusted EBITA level. Gofore seeks to continue organically outperforming market growth. At least half of the company’s total growth is expected to be organic. Gofore’s dividend policy continues to be paying a minimum of 40% of its net profit in dividends.

Changes in the Group Executive Team

Elja Kirjavainen has been appointed to lead the business in Finland. Kirjavainen will also continue as a substitute to the Group CEO Mikael Nylund. Marc Fuchs continues to lead the DACH business.

The Group Executive Team members are as of 1 January 2025:

Mikael Nylund, CEO

Marc Fuchs, DACH Business

Sanna Hildén, People and Culture

Ville Hurnonen, Mergers & Aqcuisitions and IT

Elja Kirjavainen, Finnish Business

Kalle Mäki, Legal Matters

Auli Packalén, Brand, Offering and Sustainability

Teppo Talvinko, Finance

Director of sales and customer value Riikka Vilminko-Heikkinen, director of industrial digitalisation Harri Laukkanen and director of digital quality assurance Miika Nurminen continue in other management positions in the Gofore Group but will leave the Group Executive Team. The director of digital services Juha Virtanen is leaving the company after a successful 18-year Gofore career.

Background for the changes

Gofore’s Board of Directors has worked on the new strategy together with the Group leadership and personnel during the autumn. Changes to the strategy are intended for enabling strong growth in the coming years while maintaining the company’s good profitability. The company will continue along the lines of the previous strategy and add new growth areas and means it has recognised in the strategy work, to enhance the value creation, offering, and employee experience of the company.

The updated strategy will be announced in the company’s Capital Markets Day on 16 January 2025.

As part of the strategy work, Gofore has begun redesigning its organisation and developing its corporate culture together with its personnel. The new organisation, including the Group Executive Team structure, is of a customer-centric nature as opposed to the previous capability-based structure. Strategic geographical choices continue to be Finland and the DACH area, according to which the new organisation is also designed.

As planned, the change negotiations that were needed to redesign the organisation and announced on 24 October 2024, did not lead to a decision to reduce headcount.

Capital Markets Day 16 January 2025

Gofore will present its updated strategy in a Capital Markets Day in Helsinki and in a livestream on 16 January 2025. The invitation and instructions on how to enroll are published separately today, 19 December 2024.

Further information:

Mikael Nylund

CEO

Gofore Plc

Tel +358 40 540 2280

mikael.nylund@gofore.com

About Gofore Oyj

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