Dovre Group Plc Inside information November 20, 2024, at 9:40 p.m.

Negative Earnings Warning: Dovre Group Plc to raise 2024 revenue forecast and lower 2024 operating profit forecast

Dovre Group Plc will raise its 2024 revenue forecast and lower its 2024 operating profit forecast.

New forecasts for 2024: Dovre Group’s turnover is expected to be between 210 and 220 MEUR and operating profit (EBIT) is expected to be between -1.5 MEUR and -2.0 MEUR.

Previous forecast for 2024 (published on April 18, 2024): Dovre Group’s turnover is expected to be between 185 and 210 MEUR and operating profit (EBIT) is expected to be between 2 and 4 MEUR.

The reason for the increase in the revenue forecast is due to the increase in net sales in the Project Personnel segment and the reason for the decrease in the operating profit forecast is the reduced profitability of certain energy projects renewable.

For more information, please contact:

Dovre Group Plc
Arvé Jensen, CEO
Such. +47 90 60 78 11
[email protected]

Dovre Group is a trusted global provider of project management services with locations in Canada, Finland, Norway, Singapore, Sweden and the United States. Our professionals carry out missions all over the world. In 2023, the Group’s net turnover amounted to 196.7 million euros and its operating profit to 7.4 million euros. The Group’s parent company, Dovre Group Plc, is domiciled in Finland and listed on Nasdaq Helsinki (symbol DOV1V). Dovre actively participates in the green transition and contributes to an ecological and socially sustainable future. Website: www.dovregroup.com

Distribution:
Nasdaq Helsinki Oy
Major media
www.dovregroup.com