Gofore Plc: Gofore Plc's Business Review 1 – 31 August 2021: Growth continued in August – Through competitive tendering, Gofore included in two framework agreements in Europe
September 08 2021 - 4:00AM
Gofore Plc: Gofore Plc's Business Review 1 – 31 August 2021: Growth
continued in August – Through competitive tendering, Gofore
included in two framework agreements in Europe
GOFORE PLC STOCK EXCHANGE RELEASE INSIDE
INFORMATION 8 SEPTEMBER 2021 AT 11:00 Gofore Plc's Business
Review 1 – 31 August 2021: Growth continued in August
– Through competitive tendering, Gofore included in two
framework agreements in EuropeGofore Plc’s net sales in August
2021 amounted to EUR 8.5 million (2020: EUR 5.6 million).
At the end of the period, the group employed a total of 803 persons
(612 persons).
CEO Mikael Nylund comments:“Net sales were
EUR 8.5 million. In August, customers and employees
return from their holidays, and projects are being launched at
different paces after the summer break. This year, the summer
holiday season succeeded well, as we had anticipated, and proper
advance planning allowed for a smooth start to and closure of the
holiday season. Billing rate improved towards the end of
August. Gofore has been successful in digitalising the
Finnish society. Our expertise in public sector projects is strong
and we have also identified the opportunity to export this
expertise in other parts of Europe. In August, a major step was
taken on this path when we reached framework agreements with the
OECD (Organisation for Economic Co-operation and Development,
Paris) and the European Patent Office (EPO, Munich) through
competitive tendering. In the case of the OECD, the framework
agreement covers procurement related to digital services and
capabilities and, in the case of EPO, services related to quality
assurance and testing automation of information systems. In
international competition, we face new players, but we believe that
our strong expertise and experience will also boost our growth in
this market. We were also successful in Aalto
University's procurement tendering for project managers, expanding
our cooperation that has continued since 2015. Three providers were
selected for the procurement. Aalto University is
seeking a partnership to secure the speedy and flexible provision
of full-time or part-time project managers for various IT projects.
Examples of such projects include development projects of the
University's operating model and system deployment projects. If
necessary, the project managers also work in the role of substance
experts and support the tasks of public procurement. The one-year
agreement period with a one-year extension option started at the
end of August and has a maximum value of EUR 2 million. The
agreement marks a new significant opening for our management
consulting services for the education and research sector. It is a
pleasure for us to be able to provide more extensive assistance and
support to one of Finland's most notable institutions within the
education and research sector".
In its Business Reviews, Gofore publishes its
monthly number of employees and net sales, together with comparable
information. 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 at end of period |
Number of working days in Finland |
Overal capacity,FTE1 |
Subcontracting, FTE2 |
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 some 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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