Gofore Plc: Gofore Plc's Business Review 1 – 31 October 2021: Autumn’s strong breeze continued – Gofore named Employer Brand of the Year
08 November 2021 - 11:25PM
Gofore Plc: Gofore Plc's Business Review 1 – 31 October 2021:
Autumn’s strong breeze continued – Gofore named Employer Brand of
the Year
GOFORE PLC STOCK EXCHANGE RELEASE INSIDE
INFORMATION 8 NOVEMBER 2021 AT 14:25Gofore Plc's
Business Review 1 – 31 October 2021: Autumn’s strong breeze
continued – Gofore named Employer Brand of the
Year
Gofore’s net sales in October 2021 amounted to EUR
10.2 million (EUR 8.7 million). At the end of the period, the group
employed a total of 827 persons (718 persons).
CEO Mikael Nylund comments:“In October, we
continued with our busy and action-packed autumn. Net sales
increased further thanks to solid demand and a growth in
capacity. From the beginning of October we
have already welcomed over 45 new Goforeans, so it is a busy time
for recruitment. Success in recruitment is due to our unceasing and
ambitious work for the benefit of the employee experience. These
efforts were rewarded in November when Gofore was selected as the
winner of the Employer Brand of the Year competition at the
Recruitment Gala in Finland. This is a great recognition for the
work in which all Goforeans are involved. Activity on
the customer front has also remained at a solid level. I am
particularly excited about the expanded co-operation with
DigiFinland. DigiFinland selected us and our subcontractor
Ambientia as suppliers for the development and maintenance of
DigiFinland's integration platform and integrations. The platform
will be utilised in the future by services: “Omaolo” (social and
health care service), “Sähköinen perhekeskus” (family services),
“Suuntima”, “Sähköinen arkistointi” (electronic archiving) and
“Päivystysapu 116117” (emergency assistance). The number of
integrations will be growing in the future within DigiFinland
services, so integration development will be centralised to a
separate integration platform. The agreement also includes a
two-year optional period, enabling the holistic development of
DigiFinland's service integrations. The agreement will commence in
December and its value is approximately EUR 5.7 million over three
years, including the potential optional period (1 + 1 years).
Through systematic efforts, we have sought to
export our strong public sector expertise outside of
Finland. As concerns this path, I would like to highlight our
latest success in the tendering process for information security
consultancy for Norad, the Norwegian Agency for Development
Cooperation. With the new agreement, we will be participating in
strengthening Norad's data protection expertise and providing
technical security consulting related to vulnerability testing of
the agency's open-source solutions. The value of the agreement is
approximately EUR 0.6 million for a two-year agreement period (1 +
1-year option).In addition, in October we signed an agreement with
the Ministry of Foreign Affairs in Estonia for agile software
development and service design advisory services. The work of our
experts pertains to the Team Europe Partnerships Portal (TEPP),
developed in co-operation between the Ministry of Foreign Affairs
in Estonia and the European Commission, aiming to support partner
countries of the European Union in identifying sustainable products
and services. The duration of the agreement is less
than one year and its value is approximately EUR 0.3 million”.
In its monthly business reviews, Gofore publishes
the net sales and the number of personnel for the month ended,
along with the comparison figures. The reviews also contain other
key indicators and a comparison of the key figures between
different periods, which facilitates the monitoring of the
company’s growth strategy. The featured figures include the Full
Time Equivalent (FTE) overall capacity and the FTE figures for
subcontracting. Furthermore, in connection with the business
reviews for March and September, also EBITA, adjusted EBITA and
EBITA, % for the quarter ending in that month, along with the
comparison figures are published. Business reviews are published as
soon as possible after the figures are confirmed at the beginning
of the following month. The exception is the figures for
January which are included in the financial statements release, and
July figures, included in the half-year report.
Figures are unaudited. The table is updated
as the year progresses.
Month (2021) |
Net sales,MEUR |
Number of employees at end of period |
Number of working days in Finland |
Overall capacity,FTE1 |
Subcontracting, FTE2 |
October |
10.2 (8.7) |
827 |
21 (22) |
763 |
133 |
September |
10.4 (8.3) |
814 |
22 (22) |
757 |
119 |
August |
8.5 (5.6) |
803 |
22 (21) |
746 |
105 |
July |
2.7 (2.4) |
797 |
22 (23) |
746 |
38 |
June |
9.1 (6.1) |
803 |
21 (21) |
755 |
108 |
May |
8.8 (6.0) |
799 |
20 (19) |
755 |
109 |
April |
8.5 (6.4) |
791 |
20 (20) |
743 |
112 |
March |
9.7 (6.8) |
790 |
23 (22) |
735 |
118 |
February |
8.1 (5.9) |
736 |
20 (20) |
689 |
111 |
January |
7.5 (6.1) |
727 |
19 (21) |
679 |
109 |
Unless otherwise stated, the comparison figures in
brackets refer to the corresponding period of the previous year.
CCEA Oy’s figures have been consolidated with those of the Gofore
Group since 1 March 2021.1 The overall capacity, FTE (Full
Time Equivalent) figure shows the overall capacity of the Group's
personnel, converted into a value corresponding to the number of
full-time employees. The figure includes the entire personnel,
regardless of their role. The figure is not affected by annual
leave, time-off in lieu of overtime, sick leave or other short-term
absences. Part-time agreements and other long-term deviations from
normal working hours reduce the amount of overall capacity in
comparison with the total number of employees. 2 The
subcontracting, FTE (Full Time Equivalent) figure shows the overall
amount of subcontracting used in invoiced work, converted into a
value corresponding to the number of full-time
employees. Further enquiries: Mikael Nylund,
CEO, Gofore Plc tel. +358 40 540
2280 mikael.nylund@gofore.comGofore Plc is a digital
transformation consultancy with over 800 impact-driven employees
across Finland, Germany, Spain, and Estonia – top experts in our
industry who are our company’s heart, brain, and hands. We use our
holistic service offering – consulting, coding, design and
verification – as tools to incite positive change. We care for our
people, our customers, and the surrounding world. Our values guide
our business: Gofore is a great workplace that thrives on customer
success. In 2020, our net sales amounted to EUR 78 million. Gofore
Plc’s share is listed on the Nasdaq Helsinki Ltd. in Finland. Get
to know us better at www.gofore.com.
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