GOFORENasdaq HelsinkiInformation Technology ServicesIFRS · EUR

Gofore Oyj

Gofore is an international digital transformation consultancy based in Finland. The company specializes in providing digital services and consulting, focusing on building a functional, secure, and equitable digital society. With a workforce of nearly 1,500 experts across 18 offices in Finland, Germany, Austria, Estonia, and Spain, Gofore aims to be a leading European expert in digital transformation. The company is listed on Nasdaq Helsinki and reported a revenue of 186.2 million euros in 2024.

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Revenue191m EUR
+2.8 %y/y
Operating profit (EBIT)11.7m EUR
−43.9 %y/y
EBIT margin6.1%
−5.1 ppy/y
Net income9.8m EUR
−41.7 %y/y
Free cash flow21.8m EUR
−38.8 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

050100150200250m EUR2021: 105 m EUR2021: EBIT 12 m EUR20212022: 150 m EUR2022: EBIT 17 m EUR20222023: 189 m EUR2023: EBIT 23 m EUR20232024: 186 m EUR2024: EBIT 21 m EUR20242025: 191 m EUR2025: EBIT 12 m EUR2025TTM 2026: 219 m EURTTM 2026: EBIT 14 m EURTTM21914
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
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Business

Share of revenue
Digital Society58 %

Includes digital services for public sector, health, and safety industries.

Intelligent Industry42 %

Focuses on digital product development services for industrial companies.

Customers

Gofore serves a diverse range of clients, primarily focusing on the public sector, health and social services, and large corporations in the DACH region. The company's strategic customer base includes long-term partnerships built on trust and deep customer understanding. Gofore's services are highly valued by clients, as evidenced by a high customer satisfaction rate and a significant portion of revenue from returning customers. The company also engages with private sector clients, particularly in industries undergoing digital transformation.

Public Sector

Digitalization solutions for government and public services.

Health and Social Services

Digital transformation services for healthcare and social sectors.

Large Corporations

Digital product development for industrial and automotive sectors in DACH.

Private Sector

Digital transformation consulting for competitive advantage.

Strategy

Gofore's strategy focuses on growth through digital society and intelligent industry sectors. The company aims to build on its existing customer base and expand in the DACH region, particularly in the public sector and automotive industry. Strategic priorities include developing long-term partnerships and enhancing service offerings through mergers and acquisitions. Gofore is committed to continuous improvement and innovation to maintain its competitive edge in the digital transformation market.

Expand in DACH regionMedium term

To increase market presence and serve local clients effectively.

Develop strategic partnershipsLong term

To create long-term value and trust with clients.

Enhance service offeringsShort term

To stay competitive and meet evolving client needs.

Geography

Gofore operates primarily in Finland and the DACH region, with a strong presence in Germany, Austria, and Switzerland. The company has 18 offices across Europe, including in Estonia and Spain, allowing it to serve a wide range of clients. Finland accounts for the majority of its revenue, but the company is actively expanding its operations in the DACH region. This geographic focus supports Gofore's growth strategy and enhances its ability to deliver localized services.

Risks

Gofore faces several risks, including geopolitical tensions and economic fluctuations that could impact client investment in digital services. The public sector, while more stable, may experience budget constraints affecting IT investments. The private sector is vulnerable to political and economic changes, potentially reducing project budgets. Additionally, the increasing share of fixed-price projects poses a risk due to tighter client budgets and potential cost overruns.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Geopolitical tensions1Economic fluctuations2Fixed-price project risks3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Geopolitical tensionsImpact: HighLikelihood: Medium

    Could disrupt global markets and client investments.

  2. Economic fluctuationsImpact: MediumLikelihood: High

    May reduce client budgets for digital services.

  3. Fixed-price project risksImpact: MediumLikelihood: High

    Increased potential for cost overruns.

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Accounting

Judgemental items
Revenue recognition timing

Impacts quarterly financial results and comparability.

Impact: high

Project cost estimation

Essential for managing fixed-price project risks.

Impact: medium

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Last updated: 24/09/2026