Aankondiging • Apr 17
Gofore Oyj Announce Board and Committee Changes Gofore Oyj at its AGM held on April 17, 2026, elected Saara Lehmuskoski as director; and Timur Kärki (Chair), Mammu Kaario and Antti Koskelin were elected as members of the Remuneration Committee of the Board of Directors. Aankondiging • Feb 27
Gofore Oyj announces Annual dividend, payable on April 28, 2026 Gofore Oyj announced Annual dividend of EUR 0.4900 per share payable on April 28, 2026, ex-date on April 20, 2026 and record date on April 21, 2026. Aankondiging • Dec 23
Gofore Oyj (HLSE:GOFORE) signed an agreement to acquire esentri AG from Robert Szilinski, Frank Szilinski, Mario Herb, Michael Krebs and others for approximately €11.7 million. Gofore Oyj (HLSE:GOFORE) signed an agreement to acquire esentri AG from Robert Szilinski, Frank Szilinski, Mario Herb, Michael Krebs and others for approximately €11.7 million on December 22, 2025. The purchase price consists of a debt-free business price of €10 million and net cash and working capital adjustments, which net approximately €1.7 million. Gofore will pay 30% of the €10 million purchase price in shares and 70% in cash, and 100% in cash to the minority sellers. The sellers have a possibility of an additional price over two years, by which Gofore will pay a maximum of €5 million in cash if growth and profitability targets are met. Gofore’s Board of Directors has resolved, based on the authorisation granted by the company’s Annual General Meeting on April 11, 2025, to carry out a directed share issue to Gofore itself without consideration, in which a total of 228,332 new shares in the company will be issued. At the same time, Gofore’s Board of Directors has decided on a directed share issue to Esentri AG’s majority sellers as part of the payment of the purchase price, issuing Gofore shares previously issued in the above share issue directed to the company itself. Esentri AG’s majority sellers will subscribe for Gofore shares if the transaction is completed. The majority sellers will commit in connection with the completion of the transaction to a transfer restriction for a period of 24 months from the completion of the transaction, during which the shares they have received in the share issue may not be transferred.
For the period ending December 31, 2024, esentri AG reported total revenue of €13.9 million and EBITDA of €1.2 million. The sellers, including executive personnel, will continue in their current positions. Of the company’s founders, Robert Szilinski will continue in a shared Chief Executive Officer role and as sales director, Frank Szilinski as technology director, and Mario Herb as lead programmer. Michael Krebs will continue as Chief Executive Officer of the Swiss and Liechtenstein companies.
The deal is expected to be completed on January 2, 2026, at which point the entire share capital of Esentri will transfer to Gofore’s ownership, and the company’s major shareholders will become shareholders of Gofore. Aankondiging • Nov 16
Gofore Oyj to Report Fiscal Year 2025 Final Results on Mar 20, 2026 Gofore Oyj announced that they will report fiscal year 2025 final results on Mar 20, 2026 Aankondiging • Oct 23
Gofore Oyj, Annual General Meeting, Apr 17, 2026 Gofore Oyj, Annual General Meeting, Apr 17, 2026. Aankondiging • Sep 03
Gofore Oyj (HLSE:GOFORE) commences an Equity Buyback Plan for 1,570,326 shares, representing 10% of its issued share capital, under the authorization approved on April 11, 2025. Gofore Oyj (HLSE:GOFORE) commences share repurchases on September 2, 2025, under the program mandated by the shareholders in the Annual General Meeting held on April 11, 2025. As per the mandate, the company is authorized to repurchase up to 1,570,326 shares, representing 10% of its share capital, the company will repurchase its shares in such a way that it’s holding of own shares at any time does not exceed 10% of the total number of shares of the company at any time. Shares repurchased will be used to implement business acquisitions or share-based incentive schemes or for other purposes decided by the Board, as well as for the purpose of further transferring, holding, or canceling the shares. The authorization is valid until the conclusion of the next Annual General Meeting, but no longer than 30 June 30, 2026.
On August 29, 2025, the company announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, for €1.25 million. The repurchase of shares will be funded with the company’s distributable unrestricted shareholders’ equity. The repurchases will commence at the earliest on August 29, 2025 and shall end at the latest on October 31, 2025. Aankondiging • Jul 11
Gofore Oyj Provides Sales Guidance for the 12-Months of 2025 Gofore Oyj provided sales guidance for the 12-months of 2025. For the period, the company expects 12-month pro forma net sales were 179.6 million euros. Aankondiging • Jul 04
Gofore Oyj (HLSE:GOFORE) signed an agreement to acquire Huld Oy for approximately €41 million. Gofore Oyj (HLSE:GOFORE) signed an agreement to acquire Huld Oy for approximately €41 million on July 4, 2025. The debt-free enterprise value for the entire share capital of RDV Holding Oy is €54.5 million. The purchase price is estimated to be approximately €41 million, depending on the balance sheet at the time of closing of the acquisition. 10% of the purchase price will be paid in shares through a directed issue to the sellers, and 90% in cash. Gofore’s Board will decide on the directed issue based on the authorization granted by the Annual General Meeting 2025 before its implementation. Huld shareholders will become owners of Gofore through the transaction. Gofore’s Board will implement the payment of the purchase price to the sellers of Huld’s shares as part of the transaction. Huld will continue as an independent company for the time being, integrating strongly into Gofore’s Intelligent Industry and Security businesses. For the period ending December 31, 2024, Huld Oy reported total revenue of €38.2 million, EBIT of €3 million and EBITDA of €5.7 million. The transaction is subject to subject to antitrust regulations. The expected completion of the transaction is September 1, 2025. As of December 31, 2024, Huld Oy reported total assets of €26.9 million.
The transaction is subject to subject to antitrust regulations. The expected completion of the transaction is September 1, 2025. Aankondiging • Dec 19
Gofore Oyj Announces Executive Changes Gofore Oyj announced that Elja Kirjavainen has been appointed to lead the business in Finland, while Marc Fuchs continues to lead the DACH business. Riikka Vilminko-Heikkinen, director of sales and customer value, Harri Laukkanen, director of industrial digitalisation, and Miika Nurminen, director of digital quality assurance, will continue in other management positions in the Gofore Group but will leave the Group Executive Team, while Juha Virtanen, director of digital services, is leaving the company after a successful 18-year Gofore career. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: €0.21 (vs €0.16 in 3Q 2023) Third quarter 2024 results: EPS: €0.21 (up from €0.16 in 3Q 2023). Revenue: €39.9m (down 2.4% from 3Q 2023). Net income: €3.30m (up 33% from 3Q 2023). Profit margin: 8.3% (up from 6.1% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 18
Gofore Oyj, Annual General Meeting, Apr 11, 2025 Gofore Oyj, Annual General Meeting, Apr 11, 2025. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: €0.25 (vs €0.21 in 2Q 2023) Second quarter 2024 results: EPS: €0.25 (up from €0.21 in 2Q 2023). Revenue: €48.0m (flat on 2Q 2023). Net income: €3.96m (up 19% from 2Q 2023). Profit margin: 8.2% (up from 7.0% in 2Q 2023). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 25
Independent Director recently bought €100k worth of stock On the 22nd of April, Piia-Noora Kauppi bought around 4k shares on-market at roughly €23.44 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 19
First quarter 2024 earnings released: EPS: €0.27 (vs €0.34 in 1Q 2023) First quarter 2024 results: EPS: €0.27 (down from €0.34 in 1Q 2023). Revenue: €49.3m (flat on 1Q 2023). Net income: €4.25m (down 20% from 1Q 2023). Profit margin: 8.6% (down from 11% in 1Q 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 29
Upcoming dividend of €0.47 per share Eligible shareholders must have bought the stock before 05 April 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.1%). Aankondiging • Mar 13
Gofore Oyj Proposes Dividend for the Financial Year 2023, payable on 15 April 2024 The Board of Directors of Gofore Oyj proposes to the Annual General Meeting that a dividend of EUR 0.47 per share is paid for the financial year 2023. A shareholder who is entered in the company’s shareholder register maintained by Euroclear Finland Ltd. on the record date of the dividend on 8 April 2024 is entitled to a dividend. The dividend shall be paid on 15 April 2024. Declared Dividend • Feb 23
Dividend increased to €0.47 Dividend of €0.47 is 38% higher than last year. Ex-date: 5th April 2024 Payment date: 15th April 2024 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 21% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: €1.15 (vs €0.78 in FY 2022) Full year 2023 results: EPS: €1.15 (up from €0.78 in FY 2022). Revenue: €190.8m (up 27% from FY 2022). Net income: €17.9m (up 50% from FY 2022). Profit margin: 9.4% (up from 8.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Aankondiging • Jan 21
Gofore Oyj to Report Fiscal Year 2023 Final Results on Mar 11, 2024 Gofore Oyj announced that they will report fiscal year 2023 final results on Mar 11, 2024 Aankondiging • Nov 02
Gofore Oyj (HLSE:GOFORE) commences an Equity Buyback Plan for 1,550,613 shares, under the authorization approved March 24, 2023. Gofore Oyj (HLSE:GOFORE) commences share repurchases on November 1, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 24, 2023. As per the mandate, the company is authorized to repurchase up to 1,550,613 shares, such that it’s holding of own shares at any time does not exceed 10% of the total number of shares of the company at any time. Shares repurchased will be used to execute a transaction or implement share-based incentive schemes or otherwise for the purposes of further assignation, retention or cancellation. The authorization is valid until the closing of the next Annual General Meeting, however, no longer than until June 30, 2024.
On October 30, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, for €2.5 million. The repurchase will be funded with the company’s distributable unrestricted shareholders’ equity. The repurchases will commence at the earliest on November 1, 2023 and shall end at the latest on January 19, 2024. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: €0.16 (vs €0.19 in 3Q 2022) Third quarter 2023 results: EPS: €0.16 (down from €0.19 in 3Q 2022). Revenue: €41.0m (up 5.6% from 3Q 2022). Net income: €2.48m (down 15% from 3Q 2022). Profit margin: 6.0% (down from 7.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Buying Opportunity • Jul 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €27.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 54% in the next 2 years. Reported Earnings • Jul 19
Second quarter 2023 earnings released: EPS: €0.21 (vs €0.23 in 2Q 2022) Second quarter 2023 results: EPS: €0.21 (down from €0.23 in 2Q 2022). Revenue: €47.7m (up 28% from 2Q 2022). Net income: €3.33m (down 5.8% from 2Q 2022). Profit margin: 7.0% (down from 9.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. New Risk • Jul 17
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • Mar 20
Upcoming dividend of €0.34 per share at 1.3% yield Eligible shareholders must have bought the stock before 27 March 2023. Payment date: 04 April 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: €0.78 (vs €0.61 in FY 2021) Full year 2022 results: EPS: €0.78 (up from €0.61 in FY 2021). Revenue: €150.2m (up 44% from FY 2021). Net income: €12.0m (up 34% from FY 2021). Profit margin: 8.0% (down from 8.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the IT industry in Germany. Buying Opportunity • Jan 20
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €29.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 54% in 2 years. Earnings is forecast to grow by 58% in the next 2 years. Aankondiging • Dec 15
Gofore Oyj Announces Management Changes Gofore Oyj support the execution of the growth strategy for the next years, there will be changes in Gofore Group’s management team. Devecto Oy’s Chief Executive Officer Harri Laukkanenis appointed as a member of the management team. In addition, Director of Digital Transformation Elja Kirjavainenis appointed deputy Group CEO. As of 1 January 2023, Gofore’s management team will be: Mikael Nylund, Chief Executive Officer; Sanna Hildén, Director, People Operations; Ville Hurnonen, Director, Mergers and Acquisitions; Elja Kirjavainen, deputy CEO, Director of Digital; Transformation and Managing Director, Gofore Lead Oy; Harri Laukkanen, Director, Industrial Digitalisation and Managing Director, Devecto Oy (name will be changed to Gofore Drive Oy); Kalle Mäki, General Counsel; Miika Nurminen, Director, Digital Quality Assurance and Managing Director, Gofore Verify Oy; Petra Sievinen, Director, Marketing and Communications; Teppo Talvinko, Chief Financial Officer; Riikka Vilminko-Heikkinen, Director, Sales and Customer Value; Juha Virtanen, Director, Digital Services Development. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Independent Director Sami Somero is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Oct 29
Gofore Oyj entered into an agreement to acquire Emundo GmbH for €10.8 million. Gofore Oyj entered into an agreement to acquire Emundo GmbH for €10.8 million on October 27, 2022. The consideration will be paid in 30 percent of the purchase price of €8.0 million euros in shares and 70 percent in cash consideration. The purchase price consists of the debt-free price of business operations of €8.0 million euros including compensation payable for the net cash and working capital adjustment of approximately net zero euros. Up to €2.8 million more upon the achievement of certain growth and profitability targets. The acquisition is estimated to be closed on or about November 1, 2022. As of year ended in 2021, eMundo reported revenue of €6.1 million and EBITDA €0.4 million. Aankondiging • Sep 20
Gofore plc Appoints Nomination Board Gofore Plc announced the composition of The following members have been appointed to Gofore Plc's Shareholders' Nomination Board: Timur Kärki, appointed by Timur Kärki; Petteri Venola, appointed by Petteri Venola; Mika Varjus, appointed by Mika Varjus; Sami Somero appointed by Gofore Plc’s Board of Directors. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: €0.23 (vs €0.14 in 2Q 2021) Second quarter 2022 results: EPS: €0.23 (up from €0.14 in 2Q 2021). Revenue: €37.2m (up 44% from 2Q 2021). Net income: €3.54m (up 81% from 2Q 2021). Profit margin: 9.5% (up from 7.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 19%, compared to a 15% growth forecast for the IT industry in Germany. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Independent Director Sami Somero is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Apr 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.1%. The fair value is estimated to be €27.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Board Change • Apr 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Independent Director Sami Somero is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Mar 21
Upcoming dividend of €0.28 per share Eligible shareholders must have bought the stock before 28 March 2022. Payment date: 05 April 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.0%). Buying Opportunity • Mar 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.1%. The fair value is estimated to be €27.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% per annum over the last 3 years. Earnings per share has grown by 19% per annum over the last 3 years. Reported Earnings • Mar 01
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.61 (up from €0.49 in FY 2020). Revenue: €104.8m (up 33% from FY 2020). Net income: €8.95m (up 30% from FY 2020). Profit margin: 8.5% (down from 8.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 12%, compared to a 15% growth forecast for the industry in Germany. Aankondiging • Mar 01
Gofore Oyj Proposes Dividend for the Year 2021, Payable on April 5, 2022 Gofore Oyj announced that the company’s Board of Directors proposes to the annual general meeting that the company pay EUR 0.28 in dividend per share for the year 2021, that is altogether EUR 4,296,332.04 based on the number of all outstanding shares as of the date of this summons. Dividend will be paid to shareholders who are recorded as shareholders in the shareholders’ register maintained by Euroclear Finland Ltd. on the record date of 29 March 2022. Pursuant to the proposal, the dividend will be paid on 5 April 2022. Aankondiging • Jan 05
Gofore Oyj (HLSE:GOFORE) completed the acquisition of Devecto Oy for approximately €21 million. Gofore Oyj (HLSE:GOFORE) acquired Devecto Oy for approximately €21 million on January 3, 2022. The purchase price of the share capital consists the debt-free price of the business operations of €20 million, and the compensation payable for the net cash and working capital adjustment, approximately €1 million. Gofore Plc will pay 70% of the purchase price in cash and 30% in the form of share consideration by issuing 271,958 new shares at the price of €23.22. An earnout of €5 million has been argeed upon, subject to Devecto's profit in 2022 and will be paid in cash in the first half of 2023. Devecto employs 130 professionals in Jyväskylä, Espoo, Tampere, Oulu and Kajaani. One of the two founders of Devecto Oy, Harri Laukkanen, will assume the role of the Managing Director of Devecto and the former Managing Director and the other founder Pasi Salonen will continue in the company to support the integration.
Gofore Oyj (HLSE:GOFORE) completed the acquisition of Devecto Oy on January 3, 2022. Reported Earnings • Aug 14
First half 2021 earnings released: EPS €0.27 (vs €0.20 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €51.8m (up 37% from 1H 2020). Net income: €3.91m (up 41% from 1H 2020). Profit margin: 7.5% (up from 7.3% in 1H 2020). The increase in margin was driven by higher revenue.