Financial targets

Financial targets

Long-term financial targets

Gofore is pursuing net sales growth exceeding the growth of the target market and an operating profit before goodwill amortisation (EBITA) margin of 15%. The company estimates that the target market will continue to exceed economic and ICT service sector growth in the next few years, but the growth will not exceed 10%. (Dated 20 December 2019).

Guidance for 2020

Gofore estimates that its full-year 2020 net sales will exceed the previously estimated net sales range of EUR 76 million (2019: EUR 64.1 million) and adjusted operating profit before amortisation of goodwill (adjusted EBITA) will grow in 2020 compared to 2019 (EUR 8.0 million). (Of 20 November 2020).

Previous 2020 guidance: Gofore estimates that its full-year 2020 net sales will be in the range of EUR 70–76 million (2019: EUR 64.1 million) and adjusted operating profit before amortisation of goodwill (adjusted EBITA) will grow in 2020 compared to 2019 (EUR 8.0 million). (Of 10 August 2020).

In its monthly Business Reviews, the company reports and comments on the development of its business.