Inside information 15.8.2023

Inside information: Gofore Plc’s Business Review 1-31 July 2023: July net sales 5.9 million euros

Gofore Plc
15 August 2023 at 12.15 p.m. EET
Inside Information 

Inside information: Gofore Plc’s Business Review 1-31 July 2023: July net sales 5.9 million euros 

Inside information: In July 2023, Gofore’s net sales were 5.9 (4.1) million euros. The last 12 month (LTM) pro forma net sales were 182.5 million euros in May. The Group employed 1,423 (1,062) people at the end of the month.

CEO Mikael Nylund comments: 

”Gofore’s July was a holiday month in Finland like in previous years. The most significant event in July was the acquisition of the simulator developer Creanex, whose financial and business integration to Gofore’s growth platform and as part of our comprehensive Intelligent Industry offering began right after the deal.” 

Read more on the Creanex acquisition:

Key Figures 

The numbers are unaudited. 


Net sales, MEUR 1

Pro forma LTM
Net sales 2

Number of employees at end of period 3

No. of working days in Finland

Full Time Equivalent,

Subcontracting, FTE5


15.8 (10,8)


1,318 (993)

21 (20)

  1,225 (917)

186 (147)


15.3 (11,3)


1,342 (1,015)

20 (20)

1,256 (942)

184 (153)


18.1 (13.3)


1,354 (1,043)

23 (23)

1,271 (968)

189 (155)


14.5 (11.5)


1,385 (1,056)

18 (19)

1,293 (988)

187 (156)


17.2 (13.1)


1,400 (1,068)

21 (21)

1,311 (1,004)

192 (163)


15.9 (12.5)


1,396 (1,074)

21 (21)

1,319 (1,015)

170 (162)


5.9 (4.1)


1,423 (1,062)

21 (21)

1,341 (1,004)

83 (78)

Unless otherwise stated, comparing figures presented in brackets refer to the corresponding period of the previous year. 

eMundo GmbH’s figures have been consolidated into Gofore Group’s figures as of 1 November 2022, and Creanex Ltd’s numbers as of 3 July 2023. 

1) Net sales, MEUR (net sales in 2022) indicates the unaudited net sales for the month in question.    
2) The last twelve months (LTM) pro forma net sales figure that the company uses tells the net sales for the Group structure of the time of reporting. The pro forma net sales include the impact of acquisitions and divestments and is unaudited. 
3) Number of employees at the end of the review period.   
4) 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) 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. 

Gofore’s financial reporting 

In its monthly business review, Gofore discloses its monthly net sales, last twelve-month pro forma net sales and number of employees with comparison figures, as well as other indicators that help evaluate the company’s growth strategy execution, such as the Full Time Equivalent (FTE) numbers that describe overall capacity and the ratio of subcontracting.   

Monthly business reviews are published as soon as possible after the numbers are in, at the beginning of the following month for February, April, May, July, August, October, November, and December. Exceptions to this are January’s numbers, included in the full-year financial statements release and March numbers, included in the January-March interim report, and June numbers, included in the half-year report. Gofore also publishes IAS34 compliant interim reports quarterly.


About Gofore Oyj

Gofore is an international digital transformation consultancy with Finnish roots. We have 1,400 impact-driven people in 19 locations across Finland, Germany, Austria, Spain, Estonia and Italy. With our technology and business expertise we build an equal digital society and create sustainable solutions for the intelligent industry. Our diverse group of professionals shares a pioneering ambition to create a more humane, sustainable and ethical digital world. Our values guide our business: Gofore is a great workplace that thrives on customer success. In 2022, our net sales amounted to EUR 149.9 million. Gofore Plc’s share is listed on the Nasdaq Helsinki Ltd. in Finland. Our vision is to be the most significant digital transformation consultancy in Europe. Learn to know us better at

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