Dovre Group Oyj - Company Announcement

Dovre Group’s Focused Growth strategy 2015-2019

Helsinki, Finland, 2014-10-23 07:30 CEST (GLOBE NEWSWIRE) -- 
Dovre Group Plc      Stock Exchange Bulletin        October 23, 2014 at 8:30
a.m. 

Dovre Group's Focused Growth strategy 2015-2019

Dovre Group releases its revised strategy for focused growth in 2015-2019. We
will focus on offering project advisory services and project personnel to
owners of large projects. The revised strategy targets sales of 200 MEUR and an
operating profit of 10 MEUR in 2019. 

The global market for project management services and project personnel is
currently challenging. We have strengthened our sales team and managed to grow
in the current market downturn. Looking ahead, we believe global megatrends
including population growth, urbanization and outsourcing continue to drive
growing long term demand for our services. Dovre Group's current main markets -
Norway, Canada and the United States - are strong economies. We can grow
significantly both in our home markets and internationally with our current
clients. In addition, we intend to develop new strategic client relationships. 

We will continue to expand our client base beyond oil and gas. We will continue
improving our work processes and systems to better leverage economies of scale.
Dovre Club - our global community of project professionals - is growing rapidly
and increases our global reach every day. We will achieve business synergies by
enhancing co-operation between our business units and across business areas. 

Our vision is long term client relationships, top motivated employees and
faster than market growth. We are launching four strategic programs to drive
strategy implementation throughout the strategy period: 1) Foundation, to build
competence and capacity for the future; 2) Growth, to drive strategic sales,
alliances as well as mergers and acquisitions; 3) Performance, to deliver
scalability and improved profitability; and 4) Culture, aimed at making us the
most attractive employer in our industry. Each of the strategic programs is
owned by a member of the Group Executive Team. 

Dovre Group organizes a briefing on the revised strategy and the Q3/2014
interim report on October 23, 2014, at 10:00 a.m., at Unioninkatu 20-22,
Helsinki. The strategy presentation will be available on the company's website
www.dovregroup.com after the briefing. 

For further information, please contact:

DOVRE GROUP PLC
Patrick von Essen, CEO
Tel. +358 (0)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. In 2013, the Group's
net sales were EUR 98.5 million.  Dovre Group employs over 470 people
worldwide. Dovre Group is listed on the NASDAQ OMX Helsinki (symbol: DOV1V). 

DISTRIBUTION:

NASDAQ OMX Helsinki Ltd
Major media
www.dovregroup.com