DOV1VNasdaq HelsinkiConsulting ServicesIFRS · EUR

Dovre Group

Dovre Group is a Finnish publicly listed company on Nasdaq Helsinki, specializing in industrial-scale renewable energy development and construction. The company provides project management solutions that enhance the efficiency and cost control of complex projects. Dovre Group actively collaborates with clients to build green energy infrastructure, promoting environmentally and socially sustainable futures. With a global presence, the company operates in several countries, including Canada, Norway, Singapore, Sweden, and the USA, employing around 800 people worldwide.

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Revenue91.9m EUR
−7.5 %y/y
Operating profit (EBIT)-66.3m EUR
−204.0 %y/y
EBIT margin-72.2%
−50.2 ppy/y
Net income-65.2m EUR
−244.4 %y/y
Free cash flow-3.1m EUR
+33.8 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-1000100200300m EUR2020: 77 m EUR2020: EBIT 2.4 m EUR20202021: 143 m EUR2021: EBIT 6.1 m EUR20212022: 203 m EUR2022: EBIT 8.5 m EUR20222023: 197 m EUR2023: EBIT 7.4 m EUR20232024: 99 m EUR2024: EBIT -22 m EUR20242025: 92 m EUR2025: EBIT -66 m EUR202592-66
RevenueOperating profit (EBIT)
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Business

Share of revenue
Renewable Energy40 %

Includes development and construction of renewable energy projects.

Project Management30 %

Offers solutions for managing complex projects efficiently.

Consulting Services20 %

Provides expert advice and strategies for project execution.

Staffing Solutions10 %

Supplies skilled personnel for project needs.

Customers

Dovre Group serves a diverse range of clients primarily in the renewable energy sector, including large energy companies and government entities. These clients seek Dovre's expertise in managing complex projects efficiently and sustainably. The company's consulting and staffing services are also utilized by businesses looking to optimize project execution and control costs. Dovre's customer base is global, reflecting its international operations and the universal demand for sustainable energy solutions.

Energy Companies

Buy renewable energy solutions to enhance sustainability.

Government Entities

Engage in projects for sustainable infrastructure development.

Consulting Clients

Seek expert advice for optimizing project execution.

Strategy

Dovre Group's strategic priorities focus on expanding its renewable energy project portfolio and enhancing its project management capabilities. The company aims to leverage its expertise in complex project execution to drive growth in sustainable energy markets. Dovre is also investing in technology and innovation to improve efficiency and cost control in project management. These strategic initiatives are designed to strengthen the company's competitive position and capitalize on the growing demand for renewable energy solutions.

Expand renewable energy projectsMedium term

To meet growing demand for sustainable solutions.

Enhance project managementShort term

To improve efficiency and cost control.

Geography

Q2/2025

Dovre Group has a strong global presence with offices in Canada, Finland, Norway, Singapore, Sweden, and the USA. This geographic diversity allows the company to tap into various markets and leverage regional expertise. The company's operations are strategically located to serve key markets in renewable energy development and project management. Dovre's international footprint supports its ability to manage projects across different regulatory environments and cultural contexts.

Finland61 %
Sweden39 %

Share of the revenue the company reports by geography.

Risks

Dovre Group faces several risks, including the volatility of energy markets and regulatory changes in renewable energy policies. The company's reliance on large-scale projects exposes it to project-specific risks such as delays and cost overruns. Additionally, geopolitical risks in regions where Dovre operates could impact its business operations. Industry-specific risks include the transition from traditional energy sources to renewables, which may affect consulting opportunities in oil and gas sectors.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Project-specific issues1Regulatory changes3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Project-specific issuesImpact: CriticalLikelihood: Medium

    Lead to delays and increased costs.

  2. Energy market volatilityImpact: High

    Affects demand for renewable projects.

  3. Regulatory changesImpact: MediumLikelihood: Medium

    Impact project feasibility and compliance.

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Accounting

Judgemental items
Revenue recognition timing

Affects earnings reporting for long-term projects.

Estimates and provisions

Crucial for managing project cost uncertainties.

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Last updated: 24/09/2026

Dovre Group (DOV1V) Revenue, Earnings & Financials 2025 – Clarifo