Dovre Group Oyj - Company Announcement

Correction: DOVRE GROUP SELLS ITS CONSULTING BUSINESS IN SWEDEN

Espoo, Finland, 2015-11-05 17:15 CET (GLOBE NEWSWIRE) -- 
Dovre Group Plc                 Stock Exchange Bulletin                  
November 5, 2015 at 6.15 p.m. 

Correction: DOVRE GROUP SELLS ITS CONSULTING BUSINESS IN SWEDEN

A correction to Dovre Group Plc's stock exchange release on November 5, 2015,
concerning the agreement to sell the Group's consulting business in Sweden. The
correction concerns the non-recurring item that the Group will record in the
fourth quarter as a result of the transaction. The release stated incorrectly
that the Group will record a non-recurring, primarily non-cash item totaling
approx. EUR 0.4 million in the fourth quarter, whereas the correct figure is
approx. EUR -0.4 million. Corrected release in full below. 


DOVRE GROUP SELLS ITS CONSULTING BUSINESS IN SWEDEN

Dovre Group Plc's fully-owned Swedish subsidiary Dovre Group AB has signed
today, November 5, 2015, an agreement to sell its IT consulting business in
Sweden to Visuell Planering och Praktisk PPM AB, a Swedish privately owned
company. Three Dovre Group AB's employees and all customer contracts will be
transferred to the buyer effective immediately. 

“The transaction is good news for our staff and clients in Sweden,” comments
Patrick von Essen, CEO of Dovre Group Plc and Dovre Group AB. “The new combined
team is stronger, and will be able to support clients better than before.” 

The parties have agreed not to disclose the value of the transaction. As a
consequence of the transaction, part of the goodwill of the Group's Consulting
segment will be allocated against the purchase price and the Group will record
a non-recurring, primarily non-cash item totaling approx. EUR -0.4 million in
the fourth quarter. The item recorded does not affect Dovre Group's guidance
for 2015, published on October 1, 2015. 


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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