Gofore Oyj

Ticker/ISIN
GOFORE
FI4000283130
Marknad/Land
Main Market, Helsinki
Sweden

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Gofore Plc has announced a new period for its employee share savings plan, CrewShare, for 2025–2026. The plan is open to all employees, allowing them to save a portion of their salaries (EUR 50–400 per month) to purchase Gofore shares twice a year. Participants can receive one free matching share for every three shares acquired, provided they hold the shares until 28 February 2028 and remain employed at Gofore. Additionally, they can earn up to 1.5 performance-based matching shares if financial targets are met. The plan's total savings cannot exceed EUR 2,200,000, equivalent to about 98,000 shares. Gofore offers a 10% discount on shares purchased through the plan, and dividends will be reinvested. Matching shares will be partly paid in shares and cash to cover taxes. Gofore may issue new shares or use its own for this purpose. The company employs nearly 1,500 experts and aims to be a leading digital transformation consultancy in Europe. In 2024, its net sales were EUR 186.2 million, and its shares are listed on Nasdaq Helsinki.
Gofore Plc's Shareholders' Nomination Board has proposed to the Annual General Meeting 2025 that the Board of Directors consists of six members: Mammu Kaario, Piia-Noora Kauppi, Antti Koskelin, Timur Kärki, Matti Saastamoinen, and Sami Somero. All nominees have agreed to the election, with Kärki and Saastamoinen being dependent on the company due to their roles. The remuneration for the Board members is proposed to remain the same as last year. The Nomination Board, established in 2020, is composed of four members, three from the largest shareholders and one from the Board of Directors. All proposals were unanimous and will be included in the official notice for the meeting. Gofore, an international digital transformation consultancy, aims to be a leading consultancy in Europe, with 2023 net sales of EUR 189.2 million.
Gofore Plc reported net sales of 13.4 million euros for December 2024, with annual sales totaling 186.2 million euros. The company employed 1,471 people at the end of December. CEO Mikael Nylund noted that the holiday season affected billable hours and highlighted a new private sector framework agreement in the Intelligent Industry space. Gofore's Net Promoter Score was 63, with high customer satisfaction and notable employee performance. The company is cautiously recruiting and will announce an updated strategy at its Capital Markets Day on January 16, 2025. Gofore, a digital transformation consultancy with over 1,400 employees across multiple countries, aims to create sustainable digital solutions and is listed on Nasdaq Helsinki.
On December 23, 2024, Gofore Plc announced that Alcur Fonder AB's shareholding and voting rights in the company have fallen below 5% as of December 20, 2024, due to the disposal of shares. Alcur Fonder AB's current holding is 4.81%, down from a previous position of 7.22%. Gofore is an international digital transformation consultancy with over 1,400 employees across several countries, aiming to create sustainable digital solutions. The company's shares are listed on Nasdaq Helsinki Ltd. In 2023, Gofore reported net sales of EUR 189.2 million.
Gofore Plc has updated its long-term financial targets and made changes to its Group Executive Team as part of its strategy process. The company aims to achieve 500 million euros in net sales by 2030 while maintaining a 15% adjusted EBITA level, with at least half of the growth expected to be organic. Gofore's dividend policy remains to pay a minimum of 40% of net profit in dividends. Changes in the Group Executive Team include Elja Kirjavainen leading the Finnish business and continuing as a substitute for CEO Mikael Nylund, while Marc Fuchs will continue leading the DACH business. The new team structure will take effect on January 1, 2025. Juha Virtanen, director of digital services, is leaving the company after 18 years. The updated strategy will be presented on January 16, 2025, during the Capital Markets Day in Helsinki. Gofore is a digital transformation consultancy with over 1,400 employees in various European locations, aiming to be a leading consultancy in Europe.
Gofore Plc reported November 2024 net sales of 17.7 million euros, with last 12-month pro forma net sales at 187.1 million euros. The company employed 1,468 people at the end of November. A correction was made to the CEO’s comment in the monthly review, specifying that a framework agreement's value is approximately 3.6 million euros per year. Key achievements in November included securing a significant five-year contract with an automotive manufacturer in the DACH region and continuing collaboration with the East Uusimaa wellbeing service county. The company is preparing for the year-end, noting a project cancellation due to budgetary reasons, and has adopted cautious recruitment strategies. Gofore is concluding its strategic update and organizational redesign. The company provides monthly business reviews and quarterly interim reports, and its financial communications calendar for 2025 is available on its website. Gofore is an international digital transformation consultancy with over 1,400 employees across multiple countries. Its 2023 net sales were 189.2 million euros, and its shares are listed on the Nasdaq Helsinki Ltd. in Finland.
Gofore Plc's Business Review for November 2024 reports net sales of 17.7 million euros, down from 18.7 million euros the previous year. The company's last 12-month pro forma net sales were 187.1 million euros, with 1,468 employees at the end of November. CEO Mikael Nylund highlighted a significant five-year contract in the DACH region with an automotive manufacturer, valued at approximately 3.6 million euros. The company also continues its collaboration with the East Uusimaa wellbeing service county. However, Gofore faced the cancellation of a significant project due to budgetary reasons, leading to cautious recruitment and a slight decrease in capacity. The company is nearing the completion of its strategic update and organizational redesign. Gofore is an international digital transformation consultancy with over 1,400 employees in various countries, aiming to create a sustainable digital world. In 2023, its net sales were 189.2 million euros, and it is listed on Nasdaq Helsinki.
Gofore Plc reported net sales of 18.8 million euros for October 2024, with the last 12-month pro forma net sales reaching 188.1 million euros. The company employed 1,472 people at the end of the month. CEO Mikael Nylund noted that the utilization rate remained stable despite the autumn holidays in Finland, which led to a slight decrease in subcontracting. The company saw a net increase in employees in Finland but a decrease outside Finland, partly due to restructuring in the DACH region. Key sales achievements in October included framework agreements with the City of Helsinki, Istekki, and Fintraffic. The City of Helsinki contract, valued at approximately 55 million euros over four years, involves Gofore in 7 out of 10 service areas. The Istekki agreement, worth about 10.9 million euros, and the Fintraffic contract, valued at 0.9 million euros, further highlight Gofore's ongoing collaborations. Gofore is an international digital transformation consultancy with over 1,400 employees across several countries, aiming to be a leading digital transformation consultancy in Europe. In 2023, the company's net sales were 189.2 million euros, and its shares are listed on Nasdaq Helsinki Ltd.

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Insiderinformation: Inside information: Gofore Plc's Business Review July-August 2024: Two-month net sales at 21.7 million euros

Gofore Plc reported net sales of 21.7 million euros for July-August 2024, with August contributing 15.8 million euros and July 5.9 million euros. The last twelve-month pro forma net sales were 188.6 million euros, and the company employed 1,452 people at the end of August. CEO Mikael Nylund highlighted a positive post-summer utilization rate and key projects, including a partnership with Kela for a strategic development program and a frame agreement with the wellbeing services county of Kymenlaakso. Despite some customer savings impacts, new recruitment was strong in August. Adjustments were made in the DACH region due to demand challenges, including closing the Bolzano, Italy office. Key figures for the year showed varying monthly net sales and employee numbers. Gofore will release its next financial report for January-September 2024 on October 24, 2024. Gofore is an international digital transformation consultancy with over 1,400 employees across several countries, aiming to create a sustainable and ethical digital world. The company's shares are listed on Nasdaq Helsinki Ltd.

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Halvårsrapport: Gofore Plc's Half-year Report January-June 2024: Q2 adjusted EBITA 12.7%, up from previous year

Gofore Plc released its half-year financial report for January-June 2024 on August 15, 2024. The report indicates that the company's Q2 adjusted EBITA improved to 12.7%, up from the previous year's 11.3%. However, net sales for Q2 2024 were 48.0 million euros, showing no growth compared to 47.6 million euros in Q2 2023. The report includes significant new agreements, key financial figures, profit and loss statements, and market outlooks. CEO Mikael Nylund noted that while profitability improved, organic growth was slightly negative due to a challenging economic environment. Customer demand picked up in Q2, particularly in the public sector. The company faced challenges in project turnover and customer price declines. Gofore continues to focus on strategic growth and innovation, with plans to update its strategy at the end of the year. The next financial disclosure will be the Q3 Interim Report on October 24, 2024. Gofore is a digital transformation consultancy with over 1,400 employees in multiple European countries and aims to be a leading digital transformation consultancy in Europe.

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Insiderinformation: Inside information: Gofore Plc's Business Review 1-30 June 2024: Net sales at 14.2 million euros

Gofore Plc reported net sales of 14.2 million euros for June 2024, down from 15.9 million euros the previous year. The company's last 12-month pro forma net sales were 189.7 million euros. As of the end of June, Gofore employed 1,453 people. CEO Mikael Nylund noted that business activity slowed due to the Finnish summer holiday season but highlighted a significant frame agreement with Yle worth 35 million euros and a 4.5 million euro agreement with the North Ostrobothnia wellbeing services county. Gofore's financial reports include monthly net sales, employee numbers, and other growth indicators. The half-year report for 2024 will be published on 15 August 2024. Gofore is an international digital transformation consultancy with over 1,400 employees and aims to be a leading digital transformation consultancy in Europe.

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Insiderinformation: Inside information: Gofore Plc's Business Review 1-31 May 2024: Net sales at 16.8 million euros, significant deal with National Police Board of Finland

On June 11, 2024, Gofore Plc reported its business review for May 2024. The company’s net sales for the month were 16.8 million euros, slightly down from 17.2 million euros in April. Over the last 12 months, the pro forma net sales reached 192.3 million euros. Gofore employed 1,455 people at the end of May. CEO Mikael Nylund noted that while net sales decreased slightly, the utilization rate improved. The company continues to recruit cautiously based on direct customer needs. Customer budget constraints have led to some project reductions or cancellations, but new projects have also commenced. Notably, Gofore secured a five-year, 10 million euro deal with the National Police Board of Finland to renew the police’s firearms registry. The company’s Net Promoter Score (NPS) improved to 65 in the spring from 55 last fall, surpassing the IT services industry benchmark of 36. Gofore also published its first book, "Humanely Digital Finland," highlighting Finland’s digitalization efforts. Gofore’s financial reporting includes monthly net sales, last twelve-month pro forma net sales, and employee numbers, among other indicators. The company publishes quarterly interim reports compliant with IAS34 and lists its financial communication dates on its investor relations website. Gofore is an international digital transformation consultancy with over 1,400 employees in various European countries, aiming to create a humane, sustainable, and ethical digital world. In 2023, its net sales were 189.2 million euros, and its shares are listed on Nasdaq Helsinki. Gofore aspires to be a leading digital transformation consultancy in Europe.

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Transaktioner utförda av personer i ledande ställning: Gofore Oyj - Managers' Transactions - Kirjavainen

On May 13, 2024, Gofore Oyj disclosed a transaction involving Heidi Kirjavainen, a closely associated person to Elja Kirjavainen, a senior manager in the company. The transaction was a gift, donation, or inheritance of 333 shares at a unit price of 22.9 EUR. The transaction took place outside a trading venue. Gofore Oyj is a digital transformation consultancy with over 1,400 employees across multiple locations. In 2023, the company reported net sales of EUR 189.2 million.

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Insiderinformation: Inside information: Gofore Plc's Business Review 1-30 April 2024: April net sales 17.0 million euros, new agreement with State Treasury

Gofore Plc, a Finnish digital transformation consultancy, has issued its business review for April 2024. The company reported a net sale of 17.0 million euros for the month, an increase from 14.5 million euros in the same period last year. The company's last 12 months' pro forma net sales stood at 193.1 million euros. The company also announced a new agreement with the State Treasury, valued at around 2.0 million euros for four years, with an option for an additional 2-4 years. The agreement involves the development of the State Treasury's integration services. As of the end of April, Gofore employed 1,456 people.

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Transaktioner utförda av personer i ledande ställning: Gofore Plc Managers' Transactions - Piia-Noora Kauppi

On April 24, 2024, Gofore Oyj announced that Piia-Noora Kauppi, a member of the board, made a series of share acquisitions on the NASDAQ Helsinki Ltd. The transactions, which occurred on April 22, 2024, involved the purchase of a total of 4280 shares at a volume-weighted average price of 23.43584 EUR per share. Gofore Oyj is an international digital transformation consultancy with over 1,400 employees across multiple locations. The company reported net sales of EUR 189.2 million in 2023 and is listed on the Nasdaq Helsinki Ltd. in Finland.

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Transaktioner utförda av personer i ledande ställning: Gofore Oyj - Managers' Transactions - Otso-Antero Järvinen

On April 24, 2024, Gofore Oyj announced a managerial transaction involving Otso-Antero Järvinen, a closely associated person, and Piia-Noora Kauppi, a member of the board. The transaction, an acquisition of 180 shares at a unit price of 23.6 EUR, took place on the NASDAQ Helsinki Ltd. Gofore Oyj is a digital transformation consultancy with over 1,400 employees across multiple countries. In 2023, the company reported net sales of EUR 189.2 million.

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Interimsrapport: Gofore Plc's Interim Report January-March 2024: Adjusted EBITA for the quarter 13.8%, no net sales growth

Gofore Plc released its interim report for January-March 2024, showing an adjusted EBITA of 13.8% for the quarter, with no net sales growth. The report includes key figures, the most significant new agreements, profit and loss statement, balance sheet, and Gofore’s market outlook and near-term risks. Net sales for Q1 2024 were €49.2 million, with adjusted EBITA at €6.8 million. The company started multiple new projects with customers over the quarter, improving the utilisation rate and supporting profitability. The company's CEO, Mikael Nylund, stated that the first quarter seems like the low point of the weaker market situation, but the company is ready to answer the improving customer demand when the time comes.

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Kommuniké från årsstämma: Resolutions of Gofore Plc's Annual General Meeting and organisational meeting of the Board of Directors on 4 April 2024

Gofore Plc held its Annual General Meeting on 4th April 2024, where it adopted the company's financial statements for 2023 and confirmed a dividend of EUR 0.47 per share. The Board of Directors and the CEO were discharged from liability for the 2023 financial period. The company's remuneration policy was confirmed, and the remuneration for the Chair of the Board was set at EUR 6,000 per month, with other board members receiving EUR 3,000 per month. The Board of Directors was authorized to decide on the repurchase of the company's own shares, the issuance of shares and option rights, and donations to the Gofore Impact Foundation. The Board of Directors was also organized, with Timur Kärki continuing as Chair. Ernst & Young Oy was elected the company’s auditor.