Slide 1: Gofore Plc Financial Statements Release Results presentation
Gofore Plc Financial Statements Release Results presentation CEO Mikael Nylund @mikaelnylund Chairman of the Board of Directors Timur Kärki @tjkarki CFO Petteri Venola @PetteriVenola 19 February 2020
Slide 2: 15th consecutive year of profitable growth
15th consecutive year of profitable growth 70000 700 60000 600 50000 500 40000 400 EUR 1,000 30000 300 20000 200 10000 100 0 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Net sales EBITA Personnel
Slide 3: 2019 was a challenge
2019 was a challenge • A few major customers reduced suddenly their orders at the beginning of Q2/2019. This had an impact on net sales growth for the whole year. • The political environment had an impact, when a new government was formed in Finland after the parliamentary elections. This hampered t
Slide 4: Net sales, EBITA, personnel, customers
NET SALES EBITA PERSONNEL CUSTOMERS 64.1 MEUR 8.0 MEUR 582 350+ (50.6 MEUR) (6.8 MEUR) (495) Gofore Plc, @GoforeGroup
Slide 5: Net sales and profitability 2015–2019
Net sales and profitability 2015–2019 16.8 % 14.0 % 13.4 % 12.5 % 12.5 % 64.1 50.6 Net sales, MEUR (reported) 34 EBITA, MEUR (reported) EBITA margin-% 18.6 12.4 6.8 8.0 5.7 1.6 2.6 2015 2016 2017 2018 2019 Gofore Plc, @GoforeGroup
Slide 6: Quarterly development
Quarterly development Group (consolidated) 2019 Q1/2019 Q2/2019 Q3/2019 Q4/2019 Net sales, MEUR 64.1 16.7 16.8 13.3 17.3 EBITA, MEUR 8.0 2.9 2.1 1.2 1.8 EBITA-% 12.5 17.2 12.6 9.2 10.5 Group (consolidated) 2018 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Net sales 50.6 12.1 12.5 11.5 14.4 EBITA, MEUR 6.8 1.7 2.
Slide 7: Net sales distribution 2019
Net sales distribution 2019 By location By sector 9% Outside Finland 91% Finland 64.1 64.1 MEUR MEUR 30% Private 70% Public Gofore Plc, @GoforeGroup
Slide 8: Net sales distribution 2019
Net sales distribution 2019 ByBy customers clientele By Subcontracting subcontracting 16% 58% Subcontractors Other 64.1 64.1 84% Personnel MEUR MEUR 42% Five largest Gofore Plc, @GoforeGroup
Slide 9: Key figures
Key figures In thousands of EUR, unless otherwise stated 7-12/2019 7-12/2018 2019 2018 Net sales 30,613 25,891 64,066 50,581 Growth of net sales, % 18.2 32.2 26.7 49.2 Earnings before interest, taxes, depreciation and amortisation 3,151 3,049 8,214 6,964 (EBITDA) Earnings before interest, taxes, dep
Slide 10: Key figures
Key figures In thousands of EUR, unless otherwise stated 7-12/2019 7-12/2018 2019 2018 Earnings per share (EPS), undiluted, euros 0.10 0.15 0.33 0.36 Adjusted earnings per share (adjusted EPS), undiluted, euros 0.18 0.18 0.47 0.42 Number of outstanding shares at the end of the period3 14,012,628 13,
Slide 11: Dividend proposal
Dividend proposal . The Board of Directors proposes a dividend of EUR 0.23 (EUR 0.19) per share for the financial year ending in 31 December 2019.
Slide 12: We're a company of the future and we aim to be
We’re a company of the future and we aim to be: 01 02 03 04 Growing and Constantly Impactful and International profitable renewing responsible Gofore Plc, @GoforeGroup
Slide 13: M&A timeline
M&A timeline Leadin 4/2017 state-of-the-art design capability, Silver Planet international 2/2019 boosted Time will tell... business advisory services 2017 2019 2020 2018 2019 Mangodesign Solinor 8/2018 6/2019 strengthened strengthened footprint in offering to German Helsinki region customers Gofore
Slide 14: Profitability simplified
Profitability simplified 2019 Customer prices +2.3% Billing rate -1%-points Wages +5% Gofore Plc, @GoforeGroup
Slide 15: Constantly renewing
Constantly renewing • One vital element behind Gofore’s long-lasting growth Pace of change has been the ability to constantly renew. is escalating • Modern and in-depth know-how gives our customers the edge over their competition. Highly skilled • Exponential development employees attract other high
Slide 16: Impactful, responsible
Impactful, responsible • We have always been a value-based and responsible company. We are devoted to radiate good things around us. • We want our services and expertise to have a positive impact on our customers and through our customers on society and the world around us. • In 2019, we formed poli
Slide 17: International
International • Net sales from international markets were approximately EUR 5.5 million in 2019. • Mangodesign was added to German operations with 12 new experts in design in 2019. • UK subsidiary’s business divested in the beginning of 2020 due to weak market outlook and unprofitable operations. •
Slide 18: For digital change and achieving success, we offer
For digital change and achieving success, we offer Business design and Digital services design Maintenance and change consulting and development companionship Gofore Plc, @GoforeGroup
Slide 19: Some of our expert services
Some of our expert services Program and Project Web UX Design Cloud Management Service Design Development & DevOps Agile Continuous Architecture Backend Business Design Transformation Services Consulting Development & Lean Digital Integration Mobile Renewal Capability Data & AI Transformation Soluti
Slide 20: Outlook 2020
Outlook 2020 Gofore's net sales and comparable adjusted EBITA will grow compared to 2019. Adjusted EBITA means EBITA, adjusted for non-recurring items. .
Slide 21: Long-term financial targets
Long-term financial targets Gofore is pursuing net sales growth exceeding the growth of the target market and an operating profit before goodwill amortisation (EBITA) margin of 15%. The company estimates that the target market will continue to exceed economic and ICT service sector growth in the nex
Slide 22: The purpose of this company
The purpose of this company is to radiate good things around it! Gofore Plc, @GoforeGroup
Slide 23: Strong value base
Strong value base 1 Gofore is a good workplace for everyone. 2 Gofore thrives on its customers’ success. Gofore Plc, @GoforeGroup
Slide 24: And clear mission
And clear mission Our mission is to change the world for the better. We build a better future through digital change and renewal of work culture. Gofore Plc, @GoforeGroup
Slide 25: Why to invest?
We are an exceptional company and a great investment – why to invest? We are constantly renewing ourselves. We have a solid strategy, with clear business model and no side steps. We have a strong culture as a basis for the success. We are exceptionally transparent, which makes We have a proven track
Slide 26: Creating positive impact
Creating positive impact InvestorRelations@gofore.com