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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: GlobalData

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Dovre Group Oyj Lowers FY 2013 Operating Profit Guidance

Wednesday, 19 Jun 2013 09:10am EDT 

Dovre Group Oyj announced that the Company has lowered its forecast for operating result for the fiscal year 2013. The Company's profitability has been 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 Company now expects its fiscal year 2013 operating result excluding extraordinary items to remain below 2012 operating result, being 1.5 – 3% of net sales. Previously, the Company expected operating result to grow from 2012. Dovre Group has not changed its fiscal year 2013 sales guidance though, and continues to expect the result to be better than the one reported for 2012. In 2012, Dovre Group’s net sales were EUR 94.1 million and operating result EUR 3.4 million. 

Company Quote

-0.02 -3.77%
11:29am EDT