Monthly review

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. Reporting has been supplemented with the Full Time Equivalent (FTE) figure as well as subcontracting FTEs.

In its quarterly business reviews, 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, with the exceptions of January’s numbers, included in the full-year financial statements release, March numbers, included in the January-March review, and July numbers, included in the half-year report.

The figures are unaudited.

The table below will be completed as the year progresses.

Year 2022

Month Net sales, MEUR 1) Pro forma LTM Net sales 2)  Number of employees 3)  Number of working days in Finland Overall Capacity,
FTE 4)
Subcontracting,
FTE 5)
April 11.5 (8.5) 125.0 1056 (791) 19 (20) 980 (743) 156 (112)
March 13.3 (9.7) 122.9 1043 (792) 23 (23) 959 (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.
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)
Number of
employees
Number 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)
Number of
employees
Number 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)
Number of
employees
Number 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
(+Ascension
day)
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)
Number of
employees
Number 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
(+Ascension
day)
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.