GOFORE PLC COMPANY ANNOUNCEMENT 21 NOVEMBER 2018 AT 15:00
Gofore Plc refines its guidance for 2018 and forecasts for 2019
The company's Board of Directors has refined the guidance for 2018. The company expects the net sales for the fiscal year 2018 to be EUR 50-52 million (previously EUR 48-52 million).
The Board of Directors has also dealt with the outlook for 2019. The company expects net sales to grow organically to EUR 65-73 million.
The long-term financial objectives defined in 2017 remain unchanged. Gofore is pursuing net sales growth exceeding the growth of the target market, estimated to be an annual 15-25% in the next few years, and an EBITA margin of 15%.
"In Gofore we are excited about our prospects for 2019. The need for expert services in digitalisation continues to develop favourably in both current and potential customers. Our success in 2019 will be further strengthened by our ability to deliver network-based services, as well as by our responsible conduct within the society and the networks to which we contribute", comments CEO Timur Kärki.
The Board of Directors of Gofore has a long tradition of analysing prospects for the coming year in November. The company's employees utilise this information broadly as part of the planning and development of operations. In accordance with the company culture, the company's best view of the coming year will also be distributed to investors as soon as it is completed.
Timur Kärki, CEO, Gofore Plc
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Gofore Plc is a digitalisation specialist operating since 2002. We offer modern services that help operators in the private and public sectors to move with the times. Our mission is to change the world for the better through digitalisation and by renewing the ways of working. Our services cover the entire value chain - from management consultation to service design and implementation as well as cloud services. Gofore currently employs close to 500 people in Helsinki, Jyväskylä, Tampere, Turku, London, Swansea, Munich and Madrid. Gofore was chosen as the best workplace in Finland and the second-best workplace in Europe in the Great Place to Work® 2017 survey. In 2017, our net sales were EUR 34 million. Gofore Plc's shares are quoted in the First North Finland market administered by Nasdaq Helsinki Ltd. More information is available at www.gofore.com.