Gofore Plc’s net sales in the third quarter of 2021 (1 July –
The group’s adjusted EBITA for the third quarter amounted to
The group's net sales for January–September (1 January –
Gofore’s net sales in
CEO
“In September, we achieved a colossal symbolic milestone, as our monthly net sales for the very first time surpassed
During the autumn, a profuse discourse has been ongoing in our industry concerning recruitment challenges, increased employee turnover and the post-corona turmoil in the labour market. However, even in September, we recruited new experts and our number of employees is increasing steadily, albeit the market situation is not easy. We have welcomed new faces in many different areas of expertise, including test automation and advisory services, along with technical and software development expertise.
In the market relevant to Gofore, the favourable development has persisted throughout the year and continues to be discernible. The demand for our services is strong and customers are investing in digital transformation, undoubtedly partly driven by the experiences gained during the coronavirus pandemic.
The social and health care reform that is of great importance for us was launched in
From the customer front, I would also like to highlight the nationally significant AuroraAI development work. In April, we announced that we had signed an agreement with DigiFinland Oy for the implementation of a chatbot software platform that utilises artificial intelligence as part of the national AuroraAI programme and its implementation phase in 2021–2022. This autumn, our role in implementing the programme was further solidified, as we agreed with DigiFinland on chatbot service design and cloud environment development, and, during the summer and early autumn, our team commenced their work with the AuroraAI project of the
Gofore's investments in developing employee experience and employer image are consistently reflected in its success in surveys measuring employer brand. We have ranked in the top 10 in the Young Professional Attraction Index (YPAI) 2021, which lists
The company complies with the half-yearly reporting stipulated by the Finnish Securities Market Act. In addition, Gofore publishes a monthly business review, containing 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. The figures presented in the reviews are unaudited. 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, which are included in the half-year report. This business review was not devised in accordance with the IAS 34 Interim Financial Reporting standard.
The company uses adjusted EBITA as an indicator of operative profitability. The calculation formulas for the key figures have been published in Gofore's financial statements for 2020 and can also be found on the company's website under calculation formulas for key figures: https://gofore.com/en/invest/gofore-as-an-investment/key-figures/.
Quarterly development
Group | Q1/20211 | Q2/2021 | Q3/2021 | Q4/2021 |
Net sales, MEUR | 25.2 | 26.4 | 21.6 | |
EBITA, MEUR, adjusted | 3.5 | 3.4 | 2.7 | |
EBITA-%, adjusted | 13.9% | 13.0% | 12.5% | |
Group | Q1/2020 | Q2/2020 | Q3/20202 | Q4/2020 |
Net sales, MEUR | 18.8 | 18.6 | 16.3 | 24.3 |
EBITA, MEUR, adjusted | 3.2 | 2.5 | 1.9 | 3.3 |
EBITA-%, adjusted | 16.8% | 13.3% | 11.5% | 13.5% |
Growth-% | Q1/2021 | Q2/2021 | Q3/2021 | Q4/2021 |
Net sales, growth-% | 34.1% | 42.5% | 32.7% | |
EBITA, adjusted, growth-% | 10.7% | 39.5% | 44.3% |
1 CCEA Oy’s figures have been consolidated into those of the Gofore Group since
2 Qentinel Finland Oy figures have been consolidated into those of the
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 | Overall capacity, FTE1 | Subcontracting, FTE2 |
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
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:
tel. +358 40 540 2280
mikael.nylund@gofore.com
© OMX, source