Helsinki, Finland, 2014-10-23 07:30 CEST (GLOBE NEWSWIRE) --
Dovre Group Plc Stock Exchange Bulletin October 23, 2014 at 8:30 a.m.
Dovre Group’s Focused Growth strategy 2015-2019
Dovre Group releases its revised strategy for focused growth in 2015-2019. We will focus on offering project advisory services and project personnel to owners of large projects. The revised strategy targets sales of 200 MEUR and an operating profit of 10 MEUR in 2019.
The global market for project management services and project personnel is currently challenging. We have strengthened our sales team and managed to grow in the current market downturn. Looking ahead, we believe global megatrends including population growth, urbanization and outsourcing continue to drive growing long term demand for our services. Dovre Group’s current main markets – Norway, Canada and the United States – are strong economies. We can grow significantly both in our home markets and internationally with our current clients. In addition, we intend to develop new strategic client relationships.
We will continue to expand our client base beyond oil and gas. We will continue improving our work processes and systems to better leverage economies of scale. Dovre Club – our global community of project professionals – is growing rapidly and increases our global reach every day. We will achieve business synergies by enhancing co-operation between our business units and across business areas.
Our vision is long term client relationships, top motivated employees and faster than market growth. We are launching four strategic programs to drive strategy implementation throughout the strategy period: 1) Foundation, to build competence and capacity for the future; 2) Growth, to drive strategic sales, alliances as well as mergers and acquisitions; 3) Performance, to deliver scalability and improved profitability; and 4) Culture, aimed at making us the most attractive employer in our industry. Each of the strategic programs is owned by a member of the Group Executive Team.
Dovre Group organizes a briefing on the revised strategy and the Q3/2014 interim report on October 23, 2014, at 10:00 a.m., at Unioninkatu 20-22, Helsinki. The strategy presentation will be available on the company’s website www.dovregroup.com after the briefing.
For further information, please contact:
DOVRE GROUP PLC
Patrick von Essen, CEO
Tel. +358 (0)20 436 2000
patrick.essen@dovregroup.com
www.dovregroup.com
Dovre Group is a global provider of project management services. Dovre Group has two business areas: Project Personnel and Consulting. In 2013, the Group’s net sales were EUR 98.5 million. Dovre Group employs over 470 people worldwide. Dovre Group is listed on the NASDAQ OMX Helsinki (symbol: DOV1V).
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Major media
www.dovregroup.com