Monthly review

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.

Year 2024

MonthNet 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)
February16.3 (15.3)193.71,461 (1,342) 21 (20)1,372 (1,256)149 (153)
January16.9 (15.8)193.31,463 (1,318)22 (21)1,372 (1,225)147 (186)

Year 2023

MonthNet 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)
December14.3 (13.9)192.31,465 (1,297)18 (20)1,372 (1,210)158 (173)
November18.7 (17.2)192.81,471 (1,292)22 (22)1,376 (1,198)181 (199)
October18.7 (14.6)191.31,466 (1 159)22 (21)1,371 (1,092)184 (186)
September18.0 (14.8)187.91,460 (1 126)21 (22)1 374 (1,060)186 (183)
August16.9 (12.9)186.11,448 (1 086)23 (23)1,353 (1,016)166 (156)
July5.9 (4.1)182.51,423 (1,062)21 (21)1,341 (1,004)83 (78)
June15.9 (12.5)176.51,396 (1,074)21 (21)1,319 (1,015)170 (162)
May17.2 (13.1)174.21,400 (1,068)21 (21)1,311(1,004)192 (163)
April14.5 (11.5)170.61,385 (1,056)18 (19)1,293 (988)187 (156)
March18.1 (13,3)168.01,354 (1,043)23 (23)1,271 (968)189 (155)
February15.3 (11.3)164.21,342 (1,015)20 (20)1,256 (942)184 (153)
January15.8 (10.8)160.61,318 (993)21 (20)1,225 (917)186 (147)

Year 2022

MonthNet sales, MEUR 1)Pro forma LTM Net sales 2) No. of employees 
3) 
No. of working days in FinlandOverall Capacity
FTE 4)
Subcon-tracting FTE 5)
December13.9 (9.7)155.91 297 (852)20 (21)1,210 (789)173 (137)
November17.2 (11.3)153.31 292 (846)22 (22)1,198 (784)199 (152)
October14.6 (10.2)141.91,159 (827)21 (21)1,092 (763)186 (133)
September14.8 (10.4)138.51,126 (814)22 (22)1,060 (757)183 (119)
August12.9 (8.5)135.21,086 (803)23 (22)1,016 (746)156 (105)
July4.1 (2.7)131.81062 (797)21 (22)1004 (746)78 (38)
June12.5 (9.1)130.81074 (803)21 (21)1015 (755)162 (108)
May13.1 (8.8)128.31068 (799)21 (20)1004 (755)163 (109)
April11.5 (8.5)125.01056 (791)19 (20)988 (743)156 (112)
March13.3 (9.7)122.91043 (792)23 (23)968 (735)155 (118)
February11.3 (8.1)120.31015 (736)20 (20)942 (698)153 (111)
January10.8 (7.5)118.5993 (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)
December9.7 (7.1)85221789137
November11.3 (8.5)84622784152
October10.2 (8.7)82721763133
September10.4 (8.3)81422757119
August8.5 (5.6)80322746105
July2.7 (2.4)7972274638
June9.1 (6.1)80321755108
May8.8 (6.0)79920755109
April8.5 (6.4)79120743112
March9.7 (6.8)79023735118
February8.1 (5.9)73620689111
January7.5 (6.1)72719679109

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)
December7.1 (4.6)72421669105
November8.5 (6.0)72721670128
October8.7 (6.6)71822663107
September8.3 (5.9)71622666107
August5.6 (5.3)6122157964
July2.4 (2.2)6092356933
June6.1 (5.1)6102157971
May6.0 (6.2)6061957275
April6.4 (5.5)5962055980
March6.8 (6.1)5852254973
February5.9 (5.3)5782053968
January6.1 (5.2)5872154860

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)
December4.6 (3.8)5821853953
November6.0 (5.3)5822153757
October6.6 (5.4)5802353754
September5.9 (4.7)5782153255
August5.3 (4.6)5622252156
July2.2 (2.2)5622353518
June5.1 (4.1)5591952559
May6.2 (4.4)5582151560
April5.5 (4.0)5522050457
March6.1 (4.2)5442150066
February5.3 (3.8)5382048761
January5.2 (4.1)5042246952

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)
December3.8 (3.2)4951746050
November5.3 (4.1)4902245755
October5.4 (3.9)4812345355
September4.7 (3.7)4752044352
August4.6 (3.4)4762341346
July2.2 (1.3)4192240024
June4.1 (3.2)4232040550
May4.4 (3.3)4132138947
April4.0 (2.6)3972037741
March4.2 (3.3)3922136649
February3.8 (2.7)3862035445
January4.1 (2.7)3772234642

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.

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