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Gofore Plc: Gofore Plc's Business Review 1 – 31 May 2021: Growth continued in May

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GOFORE PLC STOCK EXCHANGE RELEASE INSIDE INFORMATION 8 JUNE 2021 AT 10:50

Gofore Plc's Business Review 1 – 31 May 2021: Growth continued in May

Gofore Plc’s net sales in May 2021 amounted to EUR 8.8 million (2020: EUR 6.0 million). At the end of the period, the group employed a total of 799 persons (606 persons).

CEO Mikael Nylund comments:

"Net sales in May increased by over 45% year-on-year and amounted to EUR 8.8 million. This year there was one working day more than in the corresponding period.

The Net Promoter Score recommendation index, that we use to measure customer satisfaction, recovered in the spring measurement from the last autumn’s measurement, characterized by the coronavirus. The Net Promoter Score index was 61 in Finland (scale -100 / +100). This is a very good result and higher than in the last year’s surveys. In their feedback, our customers especially valued expertise, customer centricity and flexibility in working with Gofore. The customer satisfaction survey is conducted twice a year, in spring and autumn.

From the customer front, I would like to highlight the extensive cooperation with the Finnish Tax Administration. I am particularly excited that, as part of the framework agreement between the Tax Administration and Gofore on management consulting, which entered into force in May, Gofore will be assisting the Tax Administration in piloting the methods used in scenario planning. Scenarios can be used to anticipate, among other things, changes in the future operating environment. This is necessary for each of our customers planning their digital transformation. The service will be implemented together with our partner Capful.

Gofore's well-established internal event for knowledge sharing, Gonference, was held in May. Over the course of three days, goforeans shared their expertise and experiences with each other. Communal knowledge sharing is an important part of Gofore's culture and continuous renewal at individual and company level”.

In the Business Reviews, the monthly number of employees and net sales with comparable information is published. The reviews also include other key indicators that further facilitate monitoring of the company's growth strategy and comparisons between different periods. Reporting has been supplemented with the Full Time Equivalent (FTE) figure as well as subcontracting FTEs. Additionally, in the monthly Business Reviews for the quarter ending in March and September, the company publishes the Group's EBITA, adjusted EBITA and adjusted EBITA-% as well as corresponding figures for the same period in the previous year.

The figures are unaudited.

The table is updated as the year progresses.

Month (2021)

Net sales,
MEUR

Number of employees

Number of working days in Finland

Overall capacity,
FTE1

Subcontracting, FTE2

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.com

Gofore Plc is a digital transformation consultancy with close to 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 assurance – 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.