Gofore Oyj
OMXH:GOFORE
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Gofore Oyj
OMXH:GOFORE
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Gofore Oyj
Gofore Oyj operates as a digital services company, which offers modern services that help operators in the private and public sectors to face digital change. The company is headquartered in Tampere, Lansi-Suomen and currently employs 852 full-time employees. The company went IPO on 2017-11-16. The company offers services that help operators in the private and public sectors to face digital change. The services span the entire value chain - from management consultation and information technology (IT) to service design and implementation, as well as cloud services. The firm assists customers within implementation marketing and consulting innovations; within IT area it builds user interface design, provides architecture consulting and develops software; also it provides consulting on cloud computing, assists customers with cloud infrastructure design and construction, among others. Alongside Finland, Gofore Oyj primarily operates in the United Kingdom and Germany.
Gofore Oyj operates as a digital services company, which offers modern services that help operators in the private and public sectors to face digital change. The company is headquartered in Tampere, Lansi-Suomen and currently employs 852 full-time employees. The company went IPO on 2017-11-16. The company offers services that help operators in the private and public sectors to face digital change. The services span the entire value chain - from management consultation and information technology (IT) to service design and implementation, as well as cloud services. The firm assists customers within implementation marketing and consulting innovations; within IT area it builds user interface design, provides architecture consulting and develops software; also it provides consulting on cloud computing, assists customers with cloud infrastructure design and construction, among others. Alongside Finland, Gofore Oyj primarily operates in the United Kingdom and Germany.
Record Year: Gofore delivered an excellent year in 2022 with strong growth and improved profitability, surpassing previous targets.
Organic Growth: Organic growth reached 32% for the year, a significant improvement over 2021.
Profitability: Profitability moved toward the target level of 15%, supported by a strong Q4 with adjusted EBITDA at 16.5%.
Customer Mix: Private sector sales grew rapidly (up 64%), and international business expanded strongly, particularly outside Finland (up 77%).
Acquisitions: Two major acquisitions—Devecto and eMundo—boosted growth, especially in international and private sector markets.
Talent Success: Recruitment was robust with 377 new hires, and attrition dropped from 17% to 12%.
Cost Management: Gofore managed to offset higher salary raises (6.2%) with recruitment of more junior staff, resulting in an average wage rise of 2.9%.
Dividend Proposal: The Board proposes a dividend of EUR 0.34 per share, an increase from the previous year.
