Gofore Plc

Gofore specifies its 2020 financial guidance

GOFORE PLC COMPANY ANNOUNCEMENT 20 NOVEMBER 2020 AT 15:15

Gofore specifies its 2020 financial guidance 

Gofore Plc specifies its 2020 financial guidance. The guidance adjustment is based on better than anticipated Group net sales development despite the impact of COVID-19.

New 2020 financial guidance (of 20 November 2020):

Gofore estimates that its full-year 2020 net sales will exceed the previously estimated net sales range of EUR 76 million (2019: EUR 64.1 million) and adjusted operating profit before amortisation of goodwill (adjusted EBITA) will grow in 2020 compared to 2019 (EUR 8.0 million).

Previous 2020 financial guidance (of 10 August 2020):

Gofore estimates that its full-year 2020 net sales will be in the range of EUR 70–76 million (2019: EUR 64.1 million) and adjusted operating profit before amortisation of goodwill (adjusted EBITA) will grow in 2020 compared to 2019 (EUR 8.0 million).

Gofore reports and comments on the development of its business in its monthly Business Reviews.

Further information:  
Timur Kärki, Chairman of the Board of Directors, Gofore Plc 
tel. [phone] 
[e-mail]

Mikael Nylund, CEO, Gofore Plc  
tel. [phone]  
[e-mail]

Certified Adviser: Evli Bank Plc, tel. [phone] 

Gofore Plc is a Finland-based digitalisation specialist with international growth plans. Together with our customers, we are pioneering an ethical digital world. We're made up of over 700 impact-driven people across Finland, Germany, Spain and Estonia – top experts in our industry who are our company's heart, brain, and hands. We use consulting, coding and design as tools to incite positive change. We care for our people, our customers, and the surrounding world. Our values guide our business: Gofore is a great workplace that thrives on customer success. In 2019, our net sales amounted to EUR 64.1 million. Gofore Plc's shares are quoted in the Nasdaq First North Growth Market Finland. Learn more: www.gofore.com.