Interim report
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Dovre GROUP Dovre Group Plc Half year financial statement July 28 , 2021 at 8.45 a.m. DOVRE GROUP'S HALF - YEAR FINANCIAL REPORT 1.1 . - 30.6.2021 : Net sales increased by 24.9 % following the Suvic acquisition and profitability improved in January - June 2021 The figures presented in this half year financial report are not audited . Last year's corresponding period in parentheses . April - June 2021 Net sales grew by 75.0 % to EUR 34.2 ( 19.5 ) million . The growth was driven especially by the acquisition of a majority in the Finnish windmill park construction and construction design company Suvic Oy in March . Suvic's operations are presented under the new Renewable Energy segment . ● 1 ( 20 ) January - June 2021 ● Project Personnel : net sales totaled EUR 18.6 ( 16.1 ) million – increase of 15.7 % . Consulting : net sales totaled EUR 4.4 ( 3.4 ) million - increase of 27.1 % . Renewable Energy : net sales totaled EUR 11.2 . Operating result improved to EUR 0.8 ( 0.4 ) million - increase of 77.1 % . Profit before tax was EUR 0.6 ( 0.5 ) million . Result for the period was EUR 0.5 ( 0.4 ) million - increase of 30.7 % . Earnings per share was EUR 0.005 ( 0.003 ) . Net cash flow from operating activities was EUR -2.7 ( 3.8 ) million . Net sales grew by 24.9 % to EUR 53.9 ( 43.2 ) million Project Personnel : net sales totaled EUR 34.1 ( 35.5 ) million - decrease of -3.9 % . Consulting : net sales totaled EUR 8.6 ( 7.7 ) million – increase of 12.4 % . Renewable Energy : net sales totaled EUR 11.2 . Operating result improved to EUR 1.6 ( 1.2 ) million - increase of 41.6 % . Profit before tax was EUR 1.4 ( 1.2 ) million . Result for the period was EUR 1.1 ( 1.1 ) million - decline of 4.5 % . Earnings per share was EUR 0.010 ( 0.011 ) . Net cash flow from operating activities was EUR -2.2 ( 2.5 ) million . Outlook for 2021 unchanged ( issued on 28 April 2021 ) : Dovre Group's net sales in 2021 is expected to be more than EUR 110 million ( 2020 : 77 million ) and the operating profit ( EBIT ) is expected to be more than EUR 3.5 million ( 2020 : 2.4 ) . Dovre Group Oyj