GOFORE PLC COMPANY ANNOUNCEMENT 6 JULY 2018 AT 16:05 EET

 Gofore Plc's Business Review 1 June - 30 June 2018: Growth continued also in June. Net sales for the first half of 2018 were EUR 24.7 million (EUR 14.4 million)

Net sales for the period 1 June - 30 June 2018 were EUR 4.1 million (2017: EUR 3.2 million).  At the end of period, the company employed a total of 423 people. 

"The company's business developed favorably in June. Despite the start of the summer holiday season and there being fewer working days in June than in May, we achieved net sales of EUR 4.1 million, driven by successes in recruitment and sales. For the first half of 2018, our net sales were EUR 24.7 million. During the corresponding period last year, our pro forma net sales were EUR 17.7 million and reported net sales were EUR 14.4 million", comments CEO Timur Kärki.

 On 15 August 2018, the company will publish a half year results for the period 1 January - 30 June, 2018.

 In the Business Reviews, in addition to the month's net sales, the actual net sales of the corresponding month in the previous year is published. Reporting has been supplemented with the Full Time Equivalent (FTE) figure as well as subcontracting FTEs. These additions will further facilitate transparency at the monthly level of the company's growth strategy as well as the transparency of the company's business. 

The figures are unaudited. 

The table below will be completed as the year progresses. 

Month
(2018) 
Net sales,
MEUR 
(Net sales  
2017) [1]
Number of
employees 
Number of
working days
in Finland 
Full Time
Equivalent,
FTE [2] 
Subcontracting
, FTE [3]
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] Net sales, MEUR (net sales in 2017), reports net sales (unaudited) for that month. In parentheses, comparing to the previous year, the combined net sales of Gofore Oy and the Leadin Group is presented for January-May. 

[2] Full Time Equivalent (FTE) figure shows the total capacity of the Group's staff as equivalent to the number of full-time employees. The figure includes all staff regardless of their role. Annual holidays, overtime compensatory leave, sick leave or other short-term absences do not affect the FTE figure. Part-time and other long-term regular working time deviations reduce the number of full time equivalents as compared to the total number of employees.  

[3] Subcontracting, FTE (Full Time Equivalent) figure indicates the amount of subcontracting used in the billed work as equivalent to the number of full-time employees. 
 

Further enquiries:  
Timur Kärki, CEO, Gofore Plc  
tel. +358 40 828 5886  
timur.karki@gofore.com
  

Certified Adviser: Evli Bank Plc, tel. +358 40 579 6210 

Gofore Plc is a digitalisation specialist operating since 2002. We offer modern services that help operators in the private and public sectors to face digital change. Our mission is to change the world for the better through digitalisation and by renewing ways of working. Our services cover the entire value chain, from management consultation to service design and implementation as well as cloud services. Staying on top and ahead of development requires us to be fast-paced, regenerative and competitive. We have 16 years of expertise in this. Our operations are characterised by top expertise, alacrity and genuine interaction. We believe that we are the best partner for our clients on the path to digital change. Gofore currently employs over  400 people in Helsinki, Jyväskylä, Tampere, 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® survey in 2017. More information: www.gofore.com