Helsinki, Finland, 2014-07-21 18:00 CEST (GLOBE NEWSWIRE) -- Dovre Group Plc Stock Exchange Bulletin 21.7.2014 at 7:00 PM
Dovre Group’s refined guidance for 2014
Dovre Group Plc´s Board of Directors has decided to refine the guidance for 2014.
The refined guidance is: In 2014 Dovre Group Plc´s net sales will be MEUR 95-105 and operating result MEUR 1,0-2,0.
Previous guidance (24 April 2014) was: In 2014, net sales are expected to grow and operating result to improve in local currencies from 2013.
In 2013, Dovre Group's net sales were EUR 98.5 million and operating result EUR 2.4 million. In 2014 operating result in euros is expected to decrease from previous year. This is mainly due to a rapid weakening of the Norwegian market in the beginning of this year, lower margins in Canada compared to the previous year, strategic investment in future growth - especially in the development of Dovre Club -service platform and sales team- as well as currency changes and extraordinary items.
The growth investments are expected to improve net sales and operating profit during the next 12 months. In the second half of 2014 net sales and operating result is expected to grow compared to the first half.
Dovre Group's interim report for January 1 - June 30, 2014 will be released on Thursday July 24, 2014.
Dovre Group PLC
BOARD OF DIRECTORS
For further information, please contact
Patrick von Essen, CEO
tel. +358 20 436 2000
Dovre Group Plc 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 about 470 people worldwide. Dovre Group is listed on the NASDAQ OMX Helsinki (symbol: DOV1V).
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