Espoo, Finland, 2015-10-01 18:00 CEST (GLOBE NEWSWIRE) --
Dovre Group Plc Stock exchange bulletin October 1, 2015 at 7:00 pm
Dovre Group lowers its financial guidance for 2015
Dovre Group lowers its financial guidance for 2015. The demand and margins have weakened further in the Project Personnel business area. In addition, the earlier than expected completion of a major project in Canada will have a negative impact on Project Personnel’s net sales and EBITDA in the remaining months of the year. We continue to win market share and new Clients, but not enough to fully offset the above mentioned negative impact.
New guidance for 2015: Net sales are expected to be EUR 115-120 million and the EBITDA excluding non-recurring items EUR 1.0-1.5 million.
Previous guidance, released on May 28, 2015: Net sales are expected to be EUR 120-130 million and the EBITDA excluding non-recurring items EUR 1.5-2.5 million.
Dovre Group announced its merger with NPC in May 2015. NPC’s financials are reported as part of Dovre Group as of May 28, 2015.
For additional information, please contact:
DOVRE GROUP PLC
Patrick von Essen, CEO
tel. +358-20-436 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. Dovre Group has offices in Norway, Canada, the US, Singapore, South Korea, the UAE, Russia, Finland and Sweden, and employs around 800 people worldwide. Dovre Group is listed on the NASDAQ OMX Helsinki (symbol: DOV1V). Company web site www.dovregroup.com
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