Helsinki, Finland, 2013-06-19 15:10 CEST (GLOBE NEWSWIRE) --
Dovre Group Plc Stock Exchange Bulletin June 19, 2013 at 4.10pm
DOVRE GROUP LOWERS ITS PROFIT GUIDANCE FOR 2013
Dovre Group lowers its forecast for operating result for the full year 2013. Profitability is affected by unexpected costs reported in the first quarter and the weaker than expected performance of the Group’s Consulting business area in Finland, Sweden, and biorenewables. The Group has taken corrective action to improve profitability in the Consulting business area, with results to be seen mainly in 2014. The Group has not changed its sales guidance.
New guidance:
In 2013, net sales are expected to grow from 2012. In 2013, operating result excluding extraordinary items is expected to remain below 2012 operating result, being 1.5 – 3% of net sales.
Previous guidance:
In 2013, net sales and operating result are expected to grow from 2012.
In 2012, Dovre Group’s net sales were EUR 94.1 million and operating result EUR 3.4 million.
Dovre Group’s interim report for January 1 – June 30, 2013, will be released on Thursday July 25, 2013.
Dovre Group Plc
Janne Mielck, CEO
For more information, please contact:
Dovre Group Plc
Janne Mielck, CEO
Tel. +358 (0)20 436 2000
janne.mielck@dovregroup.com
Dovre Group is a global provider of project management services. Dovre Group has two business areas: Project Personnel and Consulting. In 2012, the Group’s net sales were EUR 94 million. Dovre Group employs over 450 people worldwide. Dovre Group is listed on the NASDAQ OMX Helsinki (symbol: DOV1V).
DISTRIBUTION:
NASDAQ OMX Helsinki Plc
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