Negative profit warning: Dovre Group Plc to raise 2024 forecast for revenue and lower 2024 guidance for operating profit

Dovre Group Plc Insider 20 November 2024, 21.40

Negative profit warning: Dovre Group Plc to raise 2024 target for revenue, lower 2024 forecast for operating profit

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

New guidance for 2024: Dovre Group’s revenue is expected to be in the range of 210-220 MEUR, and operating profit (EBIT) is expected to be in the range of -1.5 MEUR to -2.0 MEUR.

Previous guidance for 2024 (published 18 April 2024): Dovre Group’s revenue is expected to be in the range of 185-210 MEUR and operating profit (EBIT) is expected to be in the range of 2-4 MEUR.

The increase in revenues is due to high net sales in the Project Personnel segment, and the expectation of a decrease in operating profit is due to the decrease in profitability in some Renewable Energy projects.

For more information please contact:

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

Dovre Group It 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 assignments all over the world. The group’s net sales in 2023 were 196.7 million Euros and its operating result was 7.4 million Euros. The group’s parent company, Dovre Group Plc, is headquartered in Finland and listed on Nasdaq Helsinki (symbol DOV1V). Dovre takes an active role in the green transition and contributes to an environmentally and socially sustainable future. Website: www.dovregroup.com

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