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Gofore Plc
Release of stock exchange
July 8, 2022 at 11 a.m. EET
Internal information
Gofore PLC Business Review from 1-30 June 2022 ፡ The net half-year net sales increased by 40% – in June a new agreement with the Ministry of Agriculture and Forestry and the city of Helsinki
Gofore’s net sales in June 2022 were 12.5 million euros (June 2021 9.1 million euros). For the past 12 months (LTM) Proforma net sales in June were 130.8 million euros. The group hired 1,074 (803) people at the end of the month.
Net sales in January-June rose 40 percent to 72.5 million euros from 51.7 million euros over the same period in 2021. Gofore’s net sales in April-June were 37.1 million euros (26.4 million in Q2 / 2021 million euros), as well as 40 percent. Growth. Gophore’s half-year report will be published on August 15, 2022.
Chief Executive Michael Niland commented.
We are very pleased with the success of June and the tremendous growth in our first half year. Gophore’s mission has taken steps to improve the conduct of ethical digitalization in June with new contracts. In terms of sales, June was exceptionally busy, which gives good hope for the rest of the year.
For example, under the Finnish Ministry of Agriculture and Forestry, we were selected as partners in a bid for a wide range of IT services conducted by the Finnish National Land Survey. Testing our long-time partner as the number one priority and subcontractor in cloud development and expert services. At the end of this review you can find a link to the client.
In this bid, the customers emphasize their knowledge of safe, secure digital services and cloud and artificial intelligence technologies. In addition to the Ministry, the Finnish National Land Survey, the Finnish National Resources Institute and the Metsahalitis (Government Forestry Organization). Your work for the environment and natural resources will develop a renewable, competitive and sustainable Finland.
The term of the agreement is four years and the optional period is two years, and the parties will then make their own frame agreements. The total cost is 188 million euros. Although it is not easy to evaluate the value of such a multi-operator bid, our goal is to get Gopher’s share of a few million euros a year.
As announced in June, our cooperation with the City of Helsinki will be strengthened as our knowledge of the Service and Operations Designer will be used by the City in a new framework agreement. Gofor is involved in a ስምምነት 22 million frame deal, digital service design and organizational design. This is especially encouraging for us, as we have invested in our design knowledge for many years and employ more than a hundred design professionals. This project focuses on service ethics and inclusive development and we find it important for both.
Social impact can also be seen in the Virtual Finnish project for the Finnish Ministry of Foreign Affairs, which we present to the experimental environment development team. The project aims to create a digital immigration service infrastructure for Finland, making it easier for companies, employees and students to enter and settle in Finland.
Keeping our long-term customer relationships closer together is one of our key goals achieved in June, such as the Digital and Public Information Service Agency, the University of Helsinki and CSC – IT Center Science. We support the University in the development of Agile Software, and we provide expert services in Digital Data and Publicity Service Agency. As we mentioned in the January-March review, cyber security is a long-term trend, and its knowledge is of great interest. We are pleased to announce the recent announcement of a ሚሊዮን 12 million expert service agreement with CSC for the Digivisio 2030 project. Our private sector sales continued to grow positively in June.
The coronary heart disease relief period lasts from June to May, in other words, it is variable but not growing. During the summer, as usual in Finland, recruitment activity decreased, but many new high-tech skills join us after the holiday season.
The predictions we made earlier about our long-term injury have not changed.
Press Release on the Design Agreement with the City of Helsinki
https://gofore.com/am/releases/Helsinkin-to-one-city-sustainable-development-for-everyone-in-design-gofore /
The stock exchange release under the CSC Agreement
https://gofore.com/am/releases/gofore-plc-finnish-it-center-for-cience-chose-gofores-expert-resources-for-the-digivisio-2030-project/
Key images
The numbers have not been audited. In the table below, we have corrected the 959 for March and 980 for full-time equivalents in the March and April business reviews.
| month (2022) |
Net Sales, MEUR (Net Sales 2021) 1 | Pro Forma LTM Net sales 2 |
Number of employees at the end of time 3 | Number of working days in Finland | Full-time equivalent, FTE4 |
Subcontract, FTE5 |
| January | 10.8 (7.5) | 118.5 | 993 (727) | 20 (19) | 917 (697) | 147 (109) |
| February | 11.3 (8.1) | 120.3 | 1,015 (736) | 20 (20) | 942 (698) | 153 (111) |
| March | 13.3 (9.7) | 122.9 | 1,043 (792) | 23 (23) | 968 (735) | 155 (118) |
| April | 11.5 (8.5) | 125.0 | 1,056 (791) | 19 (20) | 988 (743) | 156 (112) |
| May | 13,1 (8.8) | 128,3 | 1,068 (799) | 21 (20) | 1,004 (755) | 163 (109) |
| June | 12.5 (9.1) | 130.8 | 1,074 (803) | 21 (21) | 1,015 (755) | 162 (108) |
Unless otherwise noted, comparing the figures in parentheses indicates the corresponding period of the past year. Deveto OI figures have been merged into Gofore Group figures since January 3, 2022.
1) Net Sales, MEUR (Net Sales in 2021) shows the net sales that have not been audited for the month in question.
2) The company has used net proforma net sales figures for the last twelve months (LTM) for the reporting period. Pro Forma net sales include purchasing and transfer effects and are not audited.
3) Number of employees at the end of the review period.
4) Total capacity, FTE (full-time equivalent) figure shows the total capacity of the team’s staff, a value corresponding to the number of full-time employees. The figure includes all employees, regardless of role. The figure does not apply to annual leave, overtime, sick leave or other short-term absences. Leisure agreement sand reduces other total long-term variances compared to normal working hours. Corporate purchases are counted from the date of purchase.
5) Sub-contractor, FTE (full-time equivalent) figure shows the total number of sub-contracts used in the accounting process, the value corresponding to the number of full-time employees. The subsidiary of the companies purchased by Gophore has been counted from the date of purchase.
Gofore Financial Reporting
Gofore’s monthly business review shows the monthly net sales, the last ten months of Proforma Net sales and the number of employees in comparative figures, as well as other indicators to assess the performance of the company’s growth strategy, such as its full-time counterpart. FTE) Numbers that describe the total capacity and the ratio of subcontractors.
Gofore’s quarterly business reviews show EBITA, adjusted EBITA and EBITA-% for the quarterly query with comparison figures, the organic growth rate for reporting period and, for example, income statement and balance sheet.
Business reviews are published as soon as possible The numbers are verified early next month, with the exception of January numbers, release of full-year financial statements, March numbers, included in the January-March review, and July numbers included in the half-year report.
Michael Nilund
Chief Executive Officer, Gofore Plc
Tel +358 40 540 2280
mikael.nylund@gofore.com
Gofore Plc is a digital transformation consultant with over 1,000 influential employees across Finland, Germany, Spain and Estonia – top professionals at the heart, mind and hands of our company in our industry. We use our overall service offerings – consulting, coding, design and verification – as a tool to initiate positive changes. We care about our people, our customers, and the world around us. Our values guide our businesses. By 2021, our net sales reached 104.5 million euros. In 2022, Gophore is celebrating its 20th year. The shares of Gofore Plc are listed on the Nasdaq Helsinki Limited in Finland. Get to know us better. www.gofore.com.
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