Gofore publishes monthly business reviews. In these reviews, the number of personnel in the Group and the monthly net sales is published, along with the comparison information, the management’s assessment of the development of business operations during the review period, and other key figures that facilitate the monitoring of the implementation of the company’s growth strategy, e.g. Group pro forma net sales from the last 12 months, and the indicators regarding Crew development; Full Time Equivalent (FTE) and subcontracting FTE.
In its interim reports, Gofore also discloses its EBITA, adjusted EBITA and EBITA-% for the quarter in question along with comparison figures, its organic growth number for the reporting period, and e.g. income statement and balance sheet.
Business reviews are published as soon as possible after the numbers are confirmed at the beginning of the following month, and some of them are included in the next upcoming interim report. See the 2024 IR Calendar for dates!
The figures are unaudited.
The table below will be completed as the year progresses. The below table includes a correction to the subcontracting FTE number for February 2023 that was incorrectly stated as 153 in February’s business review. The correct number is 184.
Year 2024
| Month | Net sales, MEUR 1) | Net sales, last 12 mos pro forma (LTM) 2) | No. of employees 3) | No. of working days in Finland | Overall capacity (own personnel), FTE 4) | Subcon-tracting FTE 5) |
|---|---|---|---|---|---|---|
| November | 17.7 (18.7) | 187.1 | 1468 (1471) | 21 (22) | 1371 (1376) | 166 (181) |
| October | 18.8 (18.7) | 188.1 | 1472 (1466) | 23 (22) | 1384 (1371) | 169 (184) |
| September | 17.4 (18.0) | 188.0 | 1474 (1460) | 21 (21) | 1380 (1374) | 172 (186) |
| August | 15.8 (16.9) | 188.6 | 1452 (1448) | 22 (23) | 1366 (1353) | 144 (166) |
| July | 5.9 (5.9) | 189.8 | 1446 (1423) | 23 (21) | 1366 (1341) | 65 (83) |
| June | 14.2 (15.9) | 189.7 | 1453 (1396) | 19 (21) | 1368 (1319) | 143 (170) |
| May | 16.8 (17.2) | 192.3 | 1455 (1400) | 21 (21) | 1369 (1311) | 159 (192) |
| April | 17.0 (14.5) | 193.1 | 1456 (1385) | 21 (18) | 1372 (1293) | 155 (187) |
| March | 16.0 (18.1) | 191.3 | 1456 (1354) | 20 (23) | 1371 (1271) | 160 (189) |
| February | 16.3 (15.3) | 193.7 | 1461 (1342) | 21 (20) | 1372 (1256) | 149 (184) |
| January | 16.9 (15.8) | 193.3 | 1463 (1318) | 22 (21) | 1372 (1225) | 147 (186) |
Year 2023
| Month | Net sales, MEUR 1) | Pro forma LTM Net sales 2) | No. of employees 3) | No. of working days in Finland | Overall Capacity FTE 4) | Subcon-tracting FTE 5) |
|---|---|---|---|---|---|---|
| December | 14.3 (13.9) | 192.3 | 1,465 (1,297) | 18 (20) | 1,372 (1,210) | 158 (173) |
| November | 18.7 (17.2) | 192.8 | 1,471 (1,292) | 22 (22) | 1,376 (1,198) | 181 (199) |
| October | 18.7 (14.6) | 191.3 | 1,466 (1 159) | 22 (21) | 1,371 (1,092) | 184 (186) |
| September | 18.0 (14.8) | 187.9 | 1,460 (1 126) | 21 (22) | 1 374 (1,060) | 186 (183) |
| August | 16.9 (12.9) | 186.1 | 1,448 (1 086) | 23 (23) | 1,353 (1,016) | 166 (156) |
| July | 5.9 (4.1) | 182.5 | 1,423 (1,062) | 21 (21) | 1,341 (1,004) | 83 (78) |
| June | 15.9 (12.5) | 176.5 | 1,396 (1,074) | 21 (21) | 1,319 (1,015) | 170 (162) |
| May | 17.2 (13.1) | 174.2 | 1,400 (1,068) | 21 (21) | 1,311(1,004) | 192 (163) |
| April | 14.5 (11.5) | 170.6 | 1,385 (1,056) | 18 (19) | 1,293 (988) | 187 (156) |
| March | 18.1 (13,3) | 168.0 | 1,354 (1,043) | 23 (23) | 1,271 (968) | 189 (155) |
| February | 15.3 (11.3) | 164.2 | 1,342 (1,015) | 20 (20) | 1,256 (942) | 184 (153) |
| January | 15.8 (10.8) | 160.6 | 1,318 (993) | 21 (20) | 1,225 (917) | 186 (147) |
Year 2022
| Month | Net sales, MEUR 1) | Pro forma LTM Net sales 2) | No. of employees 3) | No. of working days in Finland | Overall Capacity FTE 4) | Subcon-tracting FTE 5) |
|---|---|---|---|---|---|---|
| December | 13.9 (9.7) | 155.9 | 1 297 (852) | 20 (21) | 1,210 (789) | 173 (137) |
| November | 17.2 (11.3) | 153.3 | 1 292 (846) | 22 (22) | 1,198 (784) | 199 (152) |
| October | 14.6 (10.2) | 141.9 | 1,159 (827) | 21 (21) | 1,092 (763) | 186 (133) |
| September | 14.8 (10.4) | 138.5 | 1,126 (814) | 22 (22) | 1,060 (757) | 183 (119) |
| August | 12.9 (8.5) | 135.2 | 1,086 (803) | 23 (22) | 1,016 (746) | 156 (105) |
| July | 4.1 (2.7) | 131.8 | 1062 (797) | 21 (22) | 1004 (746) | 78 (38) |
| June | 12.5 (9.1) | 130.8 | 1074 (803) | 21 (21) | 1015 (755) | 162 (108) |
| May | 13.1 (8.8) | 128.3 | 1068 (799) | 21 (20) | 1004 (755) | 163 (109) |
| April | 11.5 (8.5) | 125.0 | 1056 (791) | 19 (20) | 988 (743) | 156 (112) |
| March | 13.3 (9.7) | 122.9 | 1043 (792) | 23 (23) | 968 (735) | 155 (118) |
| February | 11.3 (8.1) | 120.3 | 1015 (736) | 20 (20) | 942 (698) | 153 (111) |
| January | 10.8 (7.5) | 118.5 | 993 (727) | 20 (19) | 917 (697) | 147 (109) |
Unless otherwise stated, all figures presented in brackets refer to the comparison period, i.e. the same time period in 2021. Devecto Oy’s figures have been consolidated with the figures of the Gofore Group as of 3 January 2022, and eMundo GmbH’s as of 1 November 2022.
1) Net sales, MEUR (net sales in 2021) indicates the unaudited net sales for the relevant month.
2) The consolidated pro forma net sales for the preceding 12 months (LTM) utilised by the company in its business reviews illustrates the net sales under the group structure as at the time of the review. The pro forma net sales figures include the effect of corporate acquisitions and divestments, if any. The pro forma net sales figure is unaudited.
3) Number of employees at the end of the review period.
4) 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 agreement sand other long-term deviations from normal working hours reduce the amount of overall capacity in comparison with the total number of employees. The personnel capacity of corporate acquisitions has been accounted for as of the date of the acquisition.
5) The Subcontracting, FTE (Full Time Equivalent) figure shows the overall amount of subcontracting used in invoiceable work, converted into a value corresponding to the number of full-time employees. The subcontracting of the companies acquired by Gofore has been accounted for as of the date of the acquisition.
Year 2021
| Month (2021) | Net sales, MEUR (Net sales 2020) | No. of employees | No. of working days in Finland | Full Time Equivalent FTE1) | Subcontracting FTE2) |
|---|---|---|---|---|---|
| December | 9.7 (7.1) | 852 | 21 | 789 | 137 |
| November | 11.3 (8.5) | 846 | 22 | 784 | 152 |
| October | 10.2 (8.7) | 827 | 21 | 763 | 133 |
| September | 10.4 (8.3) | 814 | 22 | 757 | 119 |
| August | 8.5 (5.6) | 803 | 22 | 746 | 105 |
| July | 2.7 (2.4) | 797 | 22 | 746 | 38 |
| June | 9.1 (6.1) | 803 | 21 | 755 | 108 |
| May | 8.8 (6.0) | 799 | 20 | 755 | 109 |
| April | 8.5 (6.4) | 791 | 20 | 743 | 112 |
| March | 9.7 (6.8) | 790 | 23 | 735 | 118 |
| February | 8.1 (5.9) | 736 | 20 | 689 | 111 |
| January | 7.5 (6.1) | 727 | 19 | 679 | 109 |
1) 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. The capacity of acquired companies’ personnel is included as of the acquisition date.
2) 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. Subcontracting used by acquired companies is included as of the acquisition date.
Year 2020
| Month (2020) | Net sales, MEUR (Net sales 2019) | No. of employees | No. of working days in Finland | Full Time Equivalent FTE1) | Subcontracting FTE2) |
|---|---|---|---|---|---|
| December | 7.1 (4.6) | 724 | 21 | 669 | 105 |
| November | 8.5 (6.0) | 727 | 21 | 670 | 128 |
| October | 8.7 (6.6) | 718 | 22 | 663 | 107 |
| September | 8.3 (5.9) | 716 | 22 | 666 | 107 |
| August | 5.6 (5.3) | 612 | 21 | 579 | 64 |
| July | 2.4 (2.2) | 609 | 23 | 569 | 33 |
| June | 6.1 (5.1) | 610 | 21 | 579 | 71 |
| May | 6.0 (6.2) | 606 | 19 | 572 | 75 |
| April | 6.4 (5.5) | 596 | 20 | 559 | 80 |
| March | 6.8 (6.1) | 585 | 22 | 549 | 73 |
| February | 5.9 (5.3) | 578 | 20 | 539 | 68 |
| January | 6.1 (5.2) | 587 | 21 | 548 | 60 |
1) 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. The capacity of acquired companies’ personnel is included as of the acquisition date.
2) 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. Subcontracting used by acquired companies is included as of the acquisition date.
Year 2019
| Month (2019) | Net sales, MEUR (Net sales 2018) | No. of employees | No. of working days in Finland | Full Time Equivalent FTE1) | Subcontracting FTE2) |
|---|---|---|---|---|---|
| December | 4.6 (3.8) | 582 | 18 | 539 | 53 |
| November | 6.0 (5.3) | 582 | 21 | 537 | 57 |
| October | 6.6 (5.4) | 580 | 23 | 537 | 54 |
| September | 5.9 (4.7) | 578 | 21 | 532 | 55 |
| August | 5.3 (4.6) | 562 | 22 | 521 | 56 |
| July | 2.2 (2.2) | 562 | 23 | 535 | 18 |
| June | 5.1 (4.1) | 559 | 19 | 525 | 59 |
| May | 6.2 (4.4) | 558 | 21 | 515 | 60 |
| April | 5.5 (4.0) | 552 | 20 | 504 | 57 |
| March | 6.1 (4.2) | 544 | 21 | 500 | 66 |
| February | 5.3 (3.8) | 538 | 20 | 487 | 61 |
| January | 5.2 (4.1) | 504 | 22 | 469 | 52 |
1) 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. The capacity of acquired companies’ personnel is included as of the acquisition date.
2) 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. Subcontracting used by acquired companies is included as of the acquisition date.
Year 2018
| Month (2018) | Net sales, MEUR (Net sales 2017) | No. of employees | No. of working days in Finland | Full Time Equivalent FTE1) | Subcontracting FTE2) |
|---|---|---|---|---|---|
| December | 3.8 (3.2) | 495 | 17 | 460 | 50 |
| November | 5.3 (4.1) | 490 | 22 | 457 | 55 |
| October | 5.4 (3.9) | 481 | 23 | 453 | 55 |
| September | 4.7 (3.7) | 475 | 20 | 443 | 52 |
| August | 4.6 (3.4) | 476 | 23 | 413 | 46 |
| July | 2.2 (1.3) | 419 | 22 | 400 | 24 |
| June | 4.1 (3.2) | 423 | 20 | 405 | 50 |
| May | 4.4 (3.3) | 413 | 21 | 389 | 47 |
| April | 4.0 (2.6) | 397 | 20 | 377 | 41 |
| March | 4.2 (3.3) | 392 | 21 | 366 | 49 |
| February | 3.8 (2.7) | 386 | 20 | 354 | 45 |
| January | 4.1 (2.7) | 377 | 22 | 346 | 42 |
1) 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. The capacity of acquired companies’ personnel is included as of the acquisition date.
2) 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. Subcontracting used by acquired companies is included as of the acquisition date.