Dovre Group Plc lowered earnings guidance for the full year 2023. For the year, the company expected net sales to be in the range of EUR 185 million to EUR 195 million against previous guidance and the operating profit is expected to be above EUR 7 million. Previous guidance for 2023: Dovre Group´s net sales are expected to improve from 2022 and the operating profit (EBIT) is expected to be about the same as in 2022.

For clarification, Dovre’s net sales in 2022 were 203 million euros and operating profit was 8,5 million euros. The reason for the lowered guidance is the reduced number and smaller size of new projects in the Finnish Renewable Market sector combined with the weakening of the Norwegian Crown by about 10% year-on-year. The demand for Dovre’s Project Personnel and Consulting business areas has remained solid and these two segments combined will achieve their 2022 performance level in both net sales and operating profit without currency impact.