Dovre Group Plc reported a manager's transaction involving Stavelin Holding AS, a legal entity closely associated with Svein Stavelin, a board member of Dovre Group. The transaction, which took place on November 21, 2024, at NASDAQ Helsinki, involved the acquisition of shares with a total volume of 50,000 and a volume-weighted average price of 0.31899 EUR. Dovre Group is a global provider of project management services with operations in several countries and is committed to contributing to an environmentally and socially sustainable future. In 2023, the company had net sales of EUR 196.7 million and an operating result of EUR 7.4 million. Dovre Group Plc is based in Finland and listed on Nasdaq Helsinki.

Dovre Group Plc has agreed to sell its Project Personnel and Norwegian Consulting businesses to NYAB AB for an estimated 34 million euros. The transaction, expected to close around January 2, 2025, involves the transfer of several global entities and employs 604 people. The sale accounts for over 50% of Dovre's turnover, potentially reducing its cash flow in 2025. The retained operations will focus on renewable energy projects. Dovre has revised its 2024 financial outlook to reflect the impact of the sale, with expected net sales of 88-93 million euros and an EBIT of -5 to -6 million euros for the retained business. The transaction is subject to approval by Dovre's Extraordinary General Meeting and other customary conditions. Dovre plans to use the proceeds for strategic investments or dividend payments. The estimated transaction costs are 400,000 euros. Dovre's financial advisor was Aalto Capital Norway, and legal counsel was provided by Waselius Attorneys Ltd and Advokatfirmaet Simonsen Vogt Wiig AS.

Dovre Group Plc has issued a negative profit warning, announcing that it will increase its 2024 revenue guidance while lowering its operating profit guidance. The updated forecast for 2024 anticipates revenue between 210-220 million euros, with an operating profit (EBIT) ranging from -1.5 to -2.0 million euros. This revision contrasts with the previous guidance, which projected revenue of 185-210 million euros and an operating profit of 2-4 million euros. The adjustment in revenue guidance is attributed to higher net sales in the Project Personnel segment, while the reduction in operating profit guidance is due to decreased profitability in certain Renewable Energy projects. Dovre Group operates globally, providing project management services, and is headquartered in Finland. In 2023, the company reported net sales of 196.7 million euros and an operating result of 7.4 million euros. Dovre Group is listed on Nasdaq Helsinki.

Dovre Group Plc released its trading statement for January to September 2024. The company's net sales in Q3 2024 rose by 19.8% to EUR 63.2 million, driven by a 72.5% increase in the Renewable Energy segment. However, net sales in the Project Personnel and Consulting segments decreased by 13.0% and 18.8%, respectively. The Group's EBITDA and operating profit in Q3 decreased by 10.5% and 11.6%, respectively. A significant one-time loss of EUR 5.8 million from a renewable project impacted the January-September period. The average number of employees increased by 14.5% due to growth in the Renewable Energy business. As of September 30, 2024, the Group's net debt was EUR 3.0 million, with cash and cash equivalents totaling EUR 7.2 million. The outlook for 2024 remains unchanged, with expected net sales of 185-210 MEUR and an operating profit of 2-4 MEUR.

Dovre Group Plc announced that its second dividend installment of 0.01 euros per share, as decided at the Annual General Meeting on April 4, 2024, will be paid on October 31, 2024. The ex-dividend date is October 23, 2024, and the record date is October 24, 2024. The company, based in Finland and listed on Nasdaq Helsinki, specializes in project management services with operations in several countries. In 2023, Dovre Group reported net sales of EUR 196.7 million and an operating result of EUR 7.4 million. The company is committed to contributing to a sustainable future. For more information, contact CFO Hans Sten.

Dovre Group Plc released its half-year financial report for January 1 to June 30, 2024. The figures are unaudited. The Renewable Energy segment, including Suvic Oy, is fully consolidated with a 49% non-controlling interest listed separately. The group faced significant profitability challenges due to a €5.8 million write-down on a Renewable Energy project in Q1, despite the project's technical success. Suvic expects better performance for the rest of 2024 compared to 2023. The outlook for 2024 remains unchanged, with expected net sales between €185-210 million and EBIT between €2-4 million. CEO Arve Jensen noted that the start of 2024 was challenging but other operations met expectations. Suvic began new projects in Sweden and Finland, and Dovre joined a renewable energy consortium in Pyhäsalmi. Project Personnel sales remained strong, with growth in EMEA and Singapore offsetting North American reductions. Consulting saw reduced activity in Norway due to new hiring legislation and decreased public investments, while the Finnish market remained stable. Dovre is aligning its sustainability reporting with new CSRD requirements. Despite global uncertainties, Dovre anticipates strong demand in the second half of the year and is implementing measures to improve operational efficiency and profitability. The full report is available online. The next financial update will be on October 24, 2024.

Ilari Koskelo, a member of the board at Dovre Group Plc, has made an initial notification of acquisition of the company's shares on NASDAQ Helsinki. The transaction, which took place on April 25, 2024, involved the purchase of 30,000 shares at a unit price of 0.325 EUR. Dovre Group is a global project management services provider with a net sales of EUR 196.7 million and an operating result of EUR 7.4 million in 2023. The company is listed on Nasdaq Helsinki and is actively involved in the green transition.

Dovre Group Plc has released a trading statement for Q1 2024, indicating a significant write-down of a renewable energy project, leading to a negative operating profit. Profitability was negatively impacted due to a €5.8 million write-down of a single renewable energy project, which was technically successful but exceeded the cost budget. Corrective actions have been taken, and Dovre expects the rest of 2024 to exceed 2023 in terms of revenue and EBIT. Net sales for Q1 2024 were €42.3 million, a 7.6% decrease compared to the same period in 2023. Dovre Group's net sales for 2024 are expected to range between 185 - 210 MEUR, and the operating profit is projected to be between 2 - 4 MEUR. The company employed an average of 812 people during the review period.

Dovre Group Plc has released its financial outlook for 2024, predicting revenues between 185 - 210 MEUR and an Operating Profit (EBIT) of 2 - 4 MEUR. This lower EBIT compared to 2023 is due to a one-time write-down of approximately 6 million euros from a renewable project in Q1. Despite the project exceeding its cost budget, it was technically successful and corrective actions have been taken. Dovre expects the rest of 2024 to surpass 2023 in both revenue and EBIT. However, a decline in revenue and EBIT is expected in the Project personnel and Consulting business areas due to the completion of a major project in Canada and slower activity in the Norwegian public sector.

Dovre Group Plc held its Annual General Meeting on April 4, 2024, during which it approved the financial statements for 2023 and discharged the Board of Directors and CEO from liability for the same year. The meeting also decided on the board composition, remuneration, and the election of the auditor. The board was authorized to decide on the repurchase of the company's own shares, issuance of shares, and issuance of other special rights entitling to shares. A dividend of EUR 0.01 per share will be paid on April 15, 2024, with an extra dividend of the same amount to be paid on October 31, 2024. The board members were re-elected, and their annual compensation was set. BDO Oy was elected as the company's auditor. The repurchase and issuance authorizations are valid until June 30, 2025.