GOFORE PLC COMPANY ANNOUNCEMENT 16 DECEMBER 2020 AT 16.52
Gofore updates its technique and long-term monetary targets and makes adjustments to the composition and tasks of the Group Govt Crew
Gofore Plc’s Board of Administrators has authorised the corporate’s up to date technique for 2021–2023 and long-term monetary targets. So as to assist the execution of its up to date technique, Gofore will make adjustments to the composition and tasks of its Group Govt Crew as of 1 January 2021.
Gofore’s imaginative and prescient is to be one of the vital vital digital transformation consultancies in Europe. Consistent with this imaginative and prescient, Gofore is consistently striving to be:
1. Rising and worthwhile
2. Impactful and accountable
4. Continually renewing
5. Providing distinctive buyer and worker expertise
Gofore strengthens its place as an agile and culturally robust, constantly evolving prime skilled organisation. Gofore prides itself on its optimistic influence on society and believes that the value-based accountability shared amongst its staff will assist in the pursuit of sustainable success.
Gofore strives for development in all its working areas and buyer segments. The development of digitalisation in society and inside companies implies that along with leveraging cutting-edge expertise, prospects will need to have the power to implement change of their enterprise, organisation, and practices. Gofore goals to distinguish itself from its rivals by serving its prospects extensively as a companion in agile digital transformation. The corporate gives skilled companies for holistic transformation, together with digital transformation consulting, service design, digital service improvement, and digital high quality assurance.
Strategic Development Avenues
Enterprise development is pursued in three areas: continued development in Finland, development in worldwide markets and development by acquisitions.
1. Continued development in Finland
Within the public sector in Finland, Gofore goals to proceed creating into a number one supplier of skilled companies for digital transformation and additional strengthening its robust place. Finland is without doubt one of the world’s main international locations in public digital companies, and vital investments within the improvement of digital companies are anticipated to proceed.
Gofore strives to assist its public sector prospects with its in depth and constantly evolving experience and repair providing. Gofore strives to develop its service capabilities to be essentially the most enticing supplier of main public sector improvement tasks, offering distinctive buyer expertise and success tales.
Within the personal sector, Gofore goals to strengthen its place as a digitalisation service supplier. The goal is to develop and grow to be a big companion for firms that develop their enterprise by digital companies and higher use of information. Gofore’s strengths are its versatile, in depth expertise gained in large-scale and demanding public sector transformation tasks, an agile and environment friendly working mannequin and a powerful firm tradition. By way of its experience and dedication, Gofore strives to ship success to its prospects and this fashion develop into one of the vital vital firms serving the personal sector in offering digital transformation companies.
Gofore expects demand for digital transformation skilled companies in Finland to stay good amongst private and non-private sector prospects. This helps Gofore to proceed its development outpacing the general development price of the Finnish IT service market.
2. Development in worldwide markets
Gofore goals to proceed its worldwide development by leveraging its versatile, scalable and location-independent service platform and by differentiating itself as an agile, technology-independent skilled companion in digital transformation.
Gofore of the long run is a world and various firm that is ready to serve its giant worldwide prospects in the very best approach. Worldwide enterprise is directed to each the private and non-private sector IT service markets.
Gofore actively seeks prospects to amass internationally working personal and public sector prospects that the corporate is ready to serve with its present strengths and present assets location independently.
The corporate has recognized Germany as a horny development market during which it desires to extend its presence each by natural actions and acquisitions. Germany has a big industrial manufacturing sector the place the corporate can benefit from its present trade expertise to serve its prospects. In Germany, Gofore has a longtime enterprise and places of work in Munich and Brunswick. Gross sales and buyer relationship improvement within the German-speaking market are carried out by the native organisation.
The goal is to attain worldwide development on the similar tempo because the Group’s web gross sales development.
3. Development by acquisitions
As a part of its development, Gofore goals to make acquisitions that assist its technique. Gofore has a superb track-record in acquisitions throughout 2017–2020: acquisitions have improved the corporate’s experience and skill to serve its prospects, and elevated shareholder worth. Gofore continues to develop its capabilities to make profitable acquisitions.
Within the coming years, roughly half of the expansion will probably be focused by enterprise and firm acquisitions which might be effectively suited to Gofore’s enterprise mannequin and tradition. By way of acquisitions Gofore goals to attain experience that helps its technique, broaden its buyer base or strengthen its geographical place, whereas concurrently guaranteeing synergies.
Lengthy-term monetary targets
As a part of the technique replace, Gofore’s Board of Administrators has additionally confirmed the corporate’s up to date long-term monetary targets.
Gofore goals for greater than 20% annual web gross sales development, of which natural development accounts for about half. When it comes to profitability, Gofore goals for an adjusted EBITA of 15%. The long-term monetary goal is in accordance with the Worldwide Monetary Reporting Requirements (IFRS).
The Gofore Group’s enterprise is split into three important enterprise areas: Digital Transformation (Gofore Lead), Digital Companies Growth (Gofore Create) and Digital High quality Assurance (Qentinel Finland). The German enterprise is organised into its personal firm, Gofore Germany GmbH.
The Group’s gross sales and account administration are accountable for joint accounts. The Group can be accountable for joint model and advertising and marketing. Enterprise development is supported by a typical development platform that gives digital options and enterprise assist companies.
Composition and tasks of the Group Govt Crew
To assist within the execution of the up to date technique, the tasks and composition of the Group Govt Crew have been up to date. The Group Govt Crew from 1 January 2021 is:
Mikael Nylund, CEO
Teppo Talvinko, CFO
Juha Virtanen, Director, Gross sales and Buyer Worth
Petra Sievinen, Director, Advertising and Communications
Aki Koikkalainen, Director, Digital Companies Growth
Elja Kirjavainen, Director, Digital Transformation and MD, Gofore Lead Oy
Miika Nurminen, Director, Digital High quality Assurance and MD, Qentinel Finland Oy (new as of 1 January 2021)
Terhi Vesanen, Director, Development Platform and Digitalisation
Sanna Hildén, Director, Folks Operations (new as of 1 January 2021)
Kalle Mäki, Common Counsel (new as of 1 January 2021)
With the change, Kristiina Härkönen, Chief Sustainability Officer, will proceed in her place however will go away the Group Govt Crew as of 1 January 2021.
Capital Markets Day on 14 January 2021
Gofore will current its up to date technique in Capital Markets Day on 14 January 2021. The invitation to the occasion will probably be printed individually as we speak.
Mikael Nylund, CEO, Gofore Plc
tel. +358 40 540 2280
Licensed Adviser: Evli Financial institution Plc, tel. +358 40 579 6210
Gofore Plc is a Finland-based digitalisation specialist with worldwide development plans. Along with our prospects, we’re pioneering an moral digital world. We’re made up of over 700 impact-driven individuals throughout Finland, Germany, Spain and Estonia – prime consultants in our trade who’re our firm’s coronary heart, mind, and palms. We use consulting, coding and design as instruments to incite optimistic change. We look after our individuals, our prospects, and the encompassing world. Our values information our enterprise: Gofore is a superb office that thrives on buyer success. In 2019, our web gross sales amounted to EUR 64.1 million. Gofore Plc’s shares are quoted within the Nasdaq First North Development Market Finland. Study extra: www.gofore.com.