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Dovre’s losses continued over Q3, as was known thanks to the yet another negative profit warning. Dovre could still restructure profitably, but low multiples are justified now.
Dovre issued another negative profit warning earlier this month and then disclosed Q3 EBIT to be about EUR -10m. The exact figure turned out to be EUR -8.7m, while Dovre still had a net cash position of EUR 17.5m at the end of the reporting period.
Dovre’s Q2 saw even more losses, although financial position still appears decent so long as recent problems will be fixed.
Dovre’s Q2 results were known beforehand since the company released preliminary information about them. H1’25 results were completely ruined by wind and solar project challenges in Sweden and Finland, while Dovre has started a program to develop the competitiveness, operative efficiency and management processes of Suvic.
Dovre’s project challenges have been extended, but Sweden and Finland should offer more opportunities for profitable growth as additional renewable energy capacity is needed.
Project struggles continued further in Q1, but Dovre is taking measures so that Renewable Energy EBIT recovers and group costs come down.
Dovre’s Q1 top line was basically in line with our estimates, however there were additional losses in Renewable Energy stemming from a Finnish solar park project. The project should still be profitable, but Dovre and Suvic need to focus on project selection and their successful delivery to cut losses in the Renewable Energy segment. Dovre sees FY’25 revenue slightly lower y/y while EBIT is expected to improve significantly.
Dovre’s Q4 results were no surprise, while the company focuses on stabilizing Suvic after recent big cost overruns.
Dovre Q4 figures were as expected since the company downgraded its guidance earlier and released the approximate results. No dividend distribution is proposed for now, but there’s a possibility it will be resumed later this year. Dovre didn’t yet release annual guidance but will issue it at the latest in about 6 weeks as Suvic’s sales cycle progresses.
Dovre reports Q4 results on Mar 17. Recent big losses ate some of the EUR 35m segment sale proceeds, yet growth outlook remains strong especially in Finland.
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Dovre Group Plc | Inside Information | January 05, 2026, at 3:06 PM
The Board of Directors of Suvic AB has today resolved to file for the bankruptcy of Suvic AB. The bankruptcy petition has been submitted to the Stockholm District Court.
Dovre Group Plc | Stock Exchange Release | January 02, 2026, at 8:55 AM
The shareholders of Dovre Group Oyj ("Dovre") are invited to an Extraordinary General Meeting to be held on Friday 23 January 2026 at 10.00 a.m. at Scandic Helsinki Hub, Annankatu 18, 00120 Helsinki. The reception of participants and the distribution of voting tickets will commence at 9.30 a.m.
A. MATTERS TO BE CONSIDERED AT THE EXTRAORDINARY GENERAL MEETING
The following matters will be considered at the meeting:
1. Opening of the meeting
2. Calling the meeting to order
3. Election of persons to scrutinise the minutes and to supervise the counting of votes
4. Recording the legality of the meeting
5. Recording the attendance at the meeting and adoption of the list of votes
6. Authorisation of the Board of Directors to decide on a share issue and granting of special rights entitling to shares
The Board of Directors proposes to the General Meeting that the Board of Directors be authorised to decide on
(i) the issuance of new shares and/or
(ii) the transfer of the company's own shares and/or
(iii) the granting of special rights referred to in Chapter 10, Section 1 of the Limited Liability Companies Act on the following terms:
The Board of Directors may, based on the authorisation, decide on a share issue and the granting of special rights also in deviation from the shareholders' pre-emptive rights (directed issue) subject to the conditions set out in the law. A maximum of 400,000,000 shares may be issued based on the authorisation.
The Board of Directors may use the authorisation in one or several tranches. The Board of Directors may use the authorisation to strengthen the capital structure of the company and its subsidiaries, to reduce guarantee liabilities, to improve liquidity and the company's financial position, to implement acquisitions and other arrangements, to issue convertible bonds or loans, or for other purposes decided by the Board of Directors. New shares may be issued and the company's own shares may be transferred either against payment or without payment, provided that a maximum of 140,000,000 shares may be issued without payment. New shares may also be issued to the company itself as a share issue without payment. The Board of Directors is authorised to decide on other terms of the share issue and the granting of special rights. Based on the authorisation, the Board of Directors may decide on the realisation of the company's own shares that may be held as collateral.
The authorisation is valid until 31 December 2026. The authorisation cancels previously granted authorisations concerning share issues and the granting of option rights and other special rights entitling to shares.
7. Closing of the meeting
B. DOCUMENTS OF THE EXTRAORDINARY GENERAL MEETING
The proposals of the Board of Directors, Dovre Group’s Annual report 2024, the minutes of the Extraordinary General Meeting of 12 June 2025, the trading statement for the period 1 January-30 September 2025 and the Board of Directors' report on events materially affecting the company's position after the preparation of the half-year financial report 1 January-30 June 2025, as well as this notice, are available on the company's website at www.dovregroup.com. The proposals of the Board of Directors will also be available at the Extraordinary General Meeting. Copies of these documents and of this notice will be sent to shareholders upon request.
C. INSTRUCTIONS FOR PARTICIPANTS IN THE EXTRAORDINARY GENERAL MEETING
1. Shareholders registered in the shareholders' register
Each shareholder who is registered on the record date of the General Meeting, 13 January 2026, in the shareholders' register of the company held by Euroclear Finland Oy, has the right to participate in the General Meeting. A shareholder whose shares are registered on his/her personal Finnish book-entry account is registered in the shareholders' register of the company.
Registration for the General Meeting will commence on 9 January 2026 at 12:00. A shareholder who is registered in the shareholders' register of the company and who wants to participate in the General Meeting shall register for the meeting no later than on 20 January 2026 at 4.00 p.m., by which time the registration must be received.
Registration for the General Meeting can be made:
a) through the link on Dovre Group Oyj's website at https://www.dovregroup.com/investors/releases-and-events/
b) by e-mail to johanna.sahlstedt@dovregroup.com
c) by telephone to Dovre Group Oyj/Johanna Sahlstedt, tel. +358 44 339 5508.
In connection with the registration, a shareholder shall notify his/her name, personal identification number or business identity code, address, telephone number and the name of a possible assistant or proxy representative and the personal identity code of the proxy representative. The personal data given to Dovre Group Oyj is used only in connection with the General Meeting and with the processing of related necessary registrations.
2. Holders of nominee registered shares
A holder of nominee registered shares has the right to participate in the General Meeting by virtue of such shares based on which he/she would be entitled to be registered in the shareholders' register of the company held by Euroclear Finland Oy on the record date of the General Meeting, 13 January 2026. The right to participate in the General Meeting requires, in addition, that the shareholder on the basis of such shares has been temporarily registered into the shareholders' register held by Euroclear Finland Oy no later than on 20 January 2026 at 10.00 a.m. As regards nominee registered shares, this is considered as registration for the General Meeting. Changes in share ownership after the record date of the General Meeting do not affect the right to participate in the General Meeting or the number of votes of the shareholder.
A holder of nominee registered shares is advised to request without delay necessary instructions from his/her custodian regarding the registration in the temporary shareholders' register, the issuing of proxy documents and voting instructions, and registration for the General Meeting. The account management organisation of the custodian must register a holder of nominee registered shares who wants to participate in the Extraordinary General Meeting into the temporary shareholders' register of the company no later than on 20 January 2026 at 10.00 a.m.
3. Proxy representative and powers of attorney
A shareholder may participate in the General Meeting and exercise his/her rights at the meeting by way of proxy representation. A proxy representative of a shareholder shall produce a dated power of attorney or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the General Meeting. When a shareholder participates in the General Meeting by means of several proxy representatives representing the shareholder with shares on different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the General Meeting.
Possible powers of attorney are requested to be delivered by post to the address Dovre Group Oyj/Johanna Sahlstedt, Ahventie 4 B, 02170 Espoo, or by e-mail to johanna.sahlstedt@dovregroup.com before the end of the registration period. In addition to delivering the powers of attorney, the shareholder or his/her proxy representative shall take care of the registration for the General Meeting in the manner described above in this notice.
4. Other information
A shareholder who is present at the General Meeting has the right pursuant to Chapter 5, Section 25 of the Limited Liability Companies Act to request information with respect to the matters to be considered at the meeting.
On the date of this notice, Dovre Group Oyj has a total of 107,746,791 shares, which represent an equal number of votes.
Espoo, 2 January 2026
DOVRE GROUP PLC
Board of Directors
Dovre Group Plc | Inside Information | January 02, 2026, at 8:50 AM
Dovre previously announced in its profit warning on 9 October 2025 that without additional financing or revenue flow from new projects, the company will not be able to meet its payment obligations in the first quarter of 2026.
The bankruptcy filing of Dovre's subsidiary Suvic Oy on 2 January 2026 is estimated to affect the parent company's financial performance. The parent company is no longer financing Suvic Oy.
Dovre's most significant financial risks are the parent company joint and several guarantees given on behalf of Suvic Oy relating to Suvic Oy's projects, as well as Dovre's counter-guarantees to financial institutions for Suvic Oy's projects. Dovre's joint and several several liability parent company guarantees were issued during the period 1 December 2024 – 31 March 2025. Dovre estimates the value of remaining guarantees to be approximately EUR 63 million. The value of on-demand and/or joint and several liability counter-guarantees to financial institutions totals approximately EUR 26 million.
Negotiations on guarantee arrangements are currently underway, the results of which we will announce later.
Dovre estimates that it has funds to continue operations for the time being.
Dovre Group Plc | Inside Information | January 02, 2026, at 8:44 AM
Dovre Group Plc has received Notice of Termination from Alight Ukko Oy addressed to Suvic Oy concerning the Suvic Oy’s Eurajoki solar park construction project.
Dovre Group Plc will publish additional information about the financial effects of the subject matter separately.
Dovre Group Plc | Inside Information | January 02, 2026, at 8:01 AM
The Board of Directors of Dovre Group Plc's ("Dovre") subsidiary Suvic Oy has today decided to file for bankruptcy of Suvic Oy.
The bankruptcy petition has been filed with the Oulu District Court.
"The business of Dovre and its other subsidiaries, Proha, Renetec and the business unit eSite belonging to Dovre will continue as usual", says Chairman of the Board Kalervo Rötsä.
Dovre will announce separately later regarding the decision concerning Suvic Oy's bankruptcy petition.
Dovre Group Plc | Inside Information | December 15, 2025, at 4:09 PM
The Helsinki District Court issued its decision in the matter today, 15 December 2025. As a result of the judgment, Suvic will be required to pay outstanding contract instalments, damages and the counterparty’s legal costs totalling approximately EUR 3.2 million, in addition to default interest. Suvic Oy acted as the client in the contract and, in the proceedings initiated on 10 March 2023, as both defendant and claimant. Suvic is considering appealing the judgment.
In its profit warning published on 9 October 2025 at 10:57 a.m. EET, Dovre Group Plc stated that the financial risks related to the ongoing dispute cases had been critically assessed, and the company decided at that time to recognise a provision with a negative earnings impact of EUR 3.5 million.
Dovre Group Plc | Inside Information | December 11, 2025, at 2:00 PM
Suvic will initiate change negotiations due to financial and production-related reasons. The negotiations concern the company’s blue-collar workers. The primary objective of the negotiations is to adjust the number of employees to meet the needs of the ongoing projects.
The preliminary estimate of the reduction need is approximately 22 person-years. The exact number of redundancies and the functions affected will be specified during the statutory cooperation negotiations. Suvic Oy employs around 100 people, of whom 27 are blue-collar workers.
The change negotiations will begin on 18 December 2025 and will be conducted in accordance with the Finnish Act on Co-operation within Undertakings. The negotiations are expected to be completed in early January. The outcome of the negotiations will be communicated once they have concluded. Any potential measures are intended to be implemented by the end of February 2026.
“In order to operate sustainably from a financial perspective, we must align our resources with the actual needs of our projects. The changes in our business mix unfortunately mean that adjustment measures will also be required within our site workforce. This process is not easy, and the decision was not made lightly, but it is essential for the company’s stability and for the execution of future projects,” says Markku Taskinen, CEO of Suvic.
The previous round of change negotiations at Suvic Oy took place in October–November 2025 and concerned salaried employees.
Dovre Group Plc | Stock Exchange Release | November 25, 2025, at 3:40 PM
The Extraordinary General Meeting of Dovre Group Plc, held today on 25 November 2025, decided on the amendment of the Articles of Association, the number and election of the members of the Board of Directors, and the authorization of the Board of Directors to decide on the issuance of shares as well as the issuance of other special rights entitling to shares.
Dovre Group Plc’s Extraordinary General Meeting held today on November 25, 2025, decided on the matters set out in sections 6, 7 and 8 of the notice to the Extraordinary General Meeting as follows:
Change in the Articles of Association
The Extraordinary General Meeting decided, in accordance with the Board’s proposal, to change Article 3 § of the Articles of Association of the Company concerning the line of business is amended to read as follows:
3 § Field of business
The company develops, designs, constructs and maintains solutions related to the production and storage of renewable energy and provides customers with comprehensive services in the implementation of energy sector projects.
The company may own and operate factories, construction firms and project development companies engaged in industrial and energy sector business.
In addition, the company may develop, market and sell software and consulting services related to project management, enterprise resource planning and virtual and augmented reality.
The company may produce and sell administrative and support services to its group companies and other businesses, as well as engage in securities trading and own shares, holdings, and real estate of other companies.
The company may also engage in intra-group financing activities, including equity and debt-based financing.
Number of the members of the Board of Directors and election of the members
The Extraordinary General Meeting resolved that the number of members of the Board of Directors shall be three (3). Ilari Koskelo was re-elected to the Board of Directors, and Aaron Michelin and Kalervo Rötsä were elected as new members of the Board.
Authorizing the Board of Directors to decide on the issuance of shares as well as the issuance of other special rights entitling to shares
Board of Directors was authorized to resolve on
(i) the issuance of new shares and/or
(ii) the conveyance of the Company’s own shares and/or
(iii) the granting of special rights referred to in Chapter 10, Section 1 of the Finnish Companies Act, on the following conditions:
By virtue of the authorization, the Board may also decide on a directed issue of shares and special rights, i.e. in deviation of the pre-emptive subscription rights of the shareholders, under the requirements of the law. By virtue of authorization, a maximum of 400,000,000 shares may be issued.
The Board may use the authorization in one or more instalments. The Board may use the authorization to strengthen the Company’s and its group companies’ capital structure, to finance or conclude acquisitions or other arrangements, for issuance of convertible loan or loans or for other purposes decided by the Board. The new shares may be issued or the Company’s own shares conveyed either against payment or without consideration. The new shares may also be issued as an issue without payment to the Company itself. The Board is authorized to decide on other terms of the issuance of shares and special rights. By virtue of authorization, the Board of Directors may decide on the realization of the Company’s own shares possibly held by the Company as pledge.
The Board of Directors' proposal was further supplemented with the following sentence: “When using the authorization, the position of existing shareholders must be safeguarded.”
The authorization is valid until December 31, 2026. The authorization revokes earlier authorizations to issue shares and grant option rights and other special rights entitling to shares.
The minutes of the Extraordinary General Meeting will be available on the Company’s website at www.dovregroup.com within 14 days as of the date of Extraordinary General Meeting.
Organising meeting of the Board of Directors
Convening after the Extraordinary General Meeting, the Board of Directors of Dovre Group Plc elected Kalervo Rötsä Chairman of the Board and Aaron Michelin Vice Chairman of the Board.
Dovre Group Plc | Stock Exchange Release | November 21, 2025, at 10:12 AM
In Dovre Group Plc’s directed share issue (stock exchange release 4 September 2025), the 1,790,297 new shares subscribed for have been admitted to trading on the main list of Nasdaq Helsinki Ltd, on November 20, 2025. The trading code is DOV1V.
The new shares confer equal rights with the company’s existing shares as of the registration date.
Following the registration of the new shares, the total number of shares in the company is 107,746,791.
Dovre Group Plc | Inside Information | November 21, 2025, at 10:00 AM
Up to 14 positions will be terminated and changes are expected in some job descriptions.
Suvic Oy’s statutory change negotiations, initiated on October 20, 2025 on financial and production-related grounds, were concluded on November 9. After the negotiations ended, the employer withdrew to consider its final decisions.
As a result of the negotiations, Suvic Oy will terminate the employment of up to 14 employees. In addition, the employer is considering the temporary layoff of 2 employees. Changes will also be implemented in the job descriptions of 3–5 employees.
The aim of the negotiations has been to ensure the company’s profitability and to adjust staffing levels and competencies to the changed work situation. The initial estimate of the required reductions was approximately 20 full-time equivalents, affecting salaried employees. The employer also initially assessed that reorganising the job descriptions of 13 employees would be necessary. These measures were further specified during the negotiation process.
Together with other cost efficiency initiatives, the implemented measures are expected to generate annual cost savings of approximately EUR 1 million for the company, from 2026 onwards.
Dovre Group Plc | Stock Exchange Release | November 20, 2025, at 7:20 PM
CEO of Suvic Oy joins the Dovre Executive Team.
Dovre Group Plc has appointed Suvic CEO Markku Taskinen as a new member of the group’s executive team.
As communicated on November 7, 2025, Sanna Outa-Ollila will step down from Acting CEO position on November 21. Outa-Ollila continues as an executive team member in the role of Director, Operations.
Starting on November 22, the executive team will consist of Markku Taskinen, Sanna Outa-Ollila and Timo Saarinen, the Interim CFO and Acting CEO of Dovre Group.
The new composition of the executive team will be updated on the company’s website by Monday, November 24, 2025.
Dovre Group Plc | Press Release | November 20, 2025, at 11:00 AM
Suvic Oy, a wholly owned subsidiary of Dovre Group Plc, has signed a Letter of Intent (LoI) with Alight AB, a Swedish solar developer and independent power producer. Through the LoI the companies express their intent to deepen their cooperation and move toward signing a framework agreement that would establish Suvic as a preferred supplier and construction partner for PV solar parks and BESS projects that Alight develops in Finland.
The joint objective is to shorten time-to-market and increase cost efficiency in construction projects through a streamlined sourcing process and an efficient, collaborative project model – creating a clear win-win for both parties. The LoI therefore marks a new phase in the partnership, built on trust and successful ongoing projects.
The companies are currently working together on Alight’s 100 MWp solar park project in Eurajoki, where Suvic began construction in spring 2025. At the site, progress is steady, with all major work phases underway, including mounting structure and panel installations. The project continues to advance smoothly thanks to strong cooperation and effective coordination between the teams and is set to be commissioned in summer 2026.
Alight has expressed its satisfaction with Suvic’s expertise and track record in large-scale industrial solar projects, particularly in Type D sites with a rated capacity above 30 MW. The high safety standards achieved on-site have also been recognised as a key success factor.
“We are very pleased with Suvic’s professionalism and strong technical capability in industrial-scale solar construction. Their consistent focus on safety and quality gives us confidence as we continue building renewable power together. Alight are developing over 600 MW of utility-scale solar in Finland, and we look forward to a long-term and successful partnership across future projects,” says Mia Engnes, Head of Procurement & Construction at Alight.
“We sincerely thank Alight for their trust and excellent cooperation at the Eurajoki solar park. The project is progressing well, and alongside the ongoing work we are already planning our next steps together. Collaboration has become increasingly seamless as both teams have learned each other’s ways of working. The client knows what to expect – and our motivation to deliver remains high,” says Markku Taskinen, CEO of Suvic Oy.
Suvic currently employs around 130 professionals through its subsidiary Suvic Force. Drawing on experience from multiple large-scale solar park projects in Finland, Suvic Force has developed robust operational models, standardized work processes, and a proven capacity to mobilize and manage skilled project teams. The organisation continues to demonstrate its ability to execute demanding renewable-energy projects safely, efficiently, and at scale.
Dovre Group Plc | Stock Exchange Release | November 18, 2025, at 9:20 PM
Dovre Group Plc announces that the 1,790,297 new shares subscribed for in the directed share issue, as resolved by the company’s Board of Directors, have been registered with the Trade Register on 17 November 2025. Following the registration of the new shares, the total number of shares in the company is 107,746,791.
The new shares confer shareholder rights as of the registration date and are expected to be admitted to trading on the Nasdaq Helsinki Ltd stock exchange on or about 20 November 2025.
Dovre Group Plc | Stock Exchange Release | November 14, 2025, at 11:00 AM
Dovre Group Plc corrects incorrect information in its notice to the Extraordinary General Meeting published as a stock exchange release on November 3, 2025, at 9:30. In the original release it was incorrectly informed that the holder of nominee registered shares must be temporarily registered into the shareholder register maintained by Euroclear Finland Oy by November 21, 2025, at 10.00 am. The correct date is November 20, 2025, at 10.00 am.
The corrected release in its entirety:
Dear Shareholders,
This autumn has been exceptionally intense for the company, requiring extensive analysis from both the Board and the management. Our goal has been to form the most accurate and realistic view of the company’s current situation and future options.
We have refined our strategy and identified new opportunities in the market. However, due to previously reported loss-making projects, strengthening the company’s financial position is a prerequisite for taking advantage of these opportunities.
The company is currently preparing a financing solution, and in this general meeting, we are seeking authorization to support its implementation, as described in more detail in the meeting invitation. In addition, we propose changes to the composition of the Board to best meet the needs of the company’s next phase of development.
Respectfully,
The Board of Directors
NOTICE TO THE EXTRAORDINARY GENERAL MEETING OF DOVRE GROUP PLC
Notice is given to the shareholders of Dovre Group Plc (“Dovre” or the “Company”) to the Extraordinary General Meeting (“EGM”) to be held on Tuesday, November 25, 2025, at 10:00 a.m. at Dovre headquarters, address Ahventie 4, 02170 Espoo. The reception of the people who have registered for the meeting and the distribution of voting tickets will commence at 9:30 a.m. at the meeting venue.
A. MATTERS ON THE AGENDA OF THE EXTRAORDINARY GENERAL MEETING
At the EGM, the following matters will be considered:
1. Opening of the meeting
2. Calling the meeting to order
3. Election of persons to scrutinize the minutes and to verify the counting of votes
4. Recording the legality of the meeting
5. Recording the attendance at the meeting and adoption of the voting list
6. Change in the Articles of Association
Board of Directors proposes to the EGM that Article 3 § of the Articles of Association of the Company concerning the line of business is amended to read as follows:
3 § Object
The company develops, designs, constructs and maintains solutions related to the production and storage of renewable energy and provides customers with comprehensive services in the implementation of energy sector projects.
The company may own and operate factories, construction firms and project development companies engaged in industrial and energy sector business.
In addition, the company may develop, market and sell software and consulting services related to project management, enterprise resource planning and virtual and augmented reality.
The company may produce and sell administrative and support services to its group companies and other businesses, as well as engage in securities trading and own shares, holdings, and real estate of other companies.
The company may also engage in intra-group financing activities, including equity and debt-based financing.
7. Number of the members of the Board of Directors and election of the members
The Board of Directors proposes to the EGM that three or four members be elected as the members of the Board of Directors and that current member of the Board, Ilari Koskelo, be re-elected as a member of the Board and that Aaron Michelin and Kalervo Rötsä are elected as new members of the Board. In addition, the Board of Directors proposes to the EGM that should a suitable candidate be found, fourth member be elected to the Board. The potential fourth member candidate will be presented at the EGM.
Additional information on the board member candidates and their independence will be available on the Company’s website at https://www.dovregroup.com/investors/corporate-governance/ on November 11, 2025, the latest.
According to the proposal by the Board of Directors, the Board would not include representatives of both genders, as, for the time being, suitable candidates for the position have not been found despite efforts to identify them. The Company still aims to achieve equal representation of women and men in the next Annual General Meeting when electing the Board.
8. Authorizing the Board of Directors to decide on the issuance of shares as well as the issuance of other special rights entitling to shares
The Board of Directors proposes to the EGM that the Board of Directors be authorized to resolve on
(i) the issuance of new shares and/or
(ii) the conveyance of the Company’s own shares and/or
(iii) the granting of special rights referred to in Chapter 10, Section 1 of the Finnish Companies Act, on the following conditions:
By virtue of the authorization, the Board may also decide on a directed issue of shares and special rights, i.e. in deviation of the pre-emptive subscription rights of the shareholders, under the requirements of the law. By virtue of authorization, a maximum of 400,000,000 shares may be issued.
The Board may use the authorization in one or more instalments. The Board may use the authorization to strengthen the Company’s and its group companies’ capital structure, to finance or conclude acquisitions or other arrangements, for issuance of convertible loan or loans or for other purposes decided by the Board. The new shares may be issued or the Company’s own shares conveyed either against payment or without consideration. The new shares may also be issued as an issue without payment to the Company itself. The Board is authorized to decide on other terms of the issuance of shares and special rights. By virtue of authorization, the Board of Directors may decide on the realization of the Company’s own shares possibly held by the Company as pledge.
The authorization is valid until December 31, 2026. The authorization revokes earlier authorizations to issue shares and grant option rights and other special rights entitling to shares.
9. Closing of the meeting
B. DOCUMENTS OF THE EXTRAORDINARY GENERAL MEETING
Proposals of the Board of Directors, the stock exchange release concerning the transaction as well as this notice are available on the Company’s website www.dovregroup.com. The proposals of the Board of Directors are also available at the EGM. Copies of these documents and of this notice will be sent to shareholders upon request.
C. INSTRUCTIONS FOR THE PARTICIPANTS IN THE EXTRAORDINARY GENERAL MEETING
1. Shareholder registered in the shareholders’ register
A shareholder who is registered in the shareholders’ register of the Company maintained by Euroclear Finland Ltd, on the record date November 13, 2025, has the right to participate the EGM. A shareholder, whose shares are registered on his/her personal Finnish book-entry account, is registered in the shareholder register of the Company.
The registration period for the EGM commences on November 4, 2025, at 12:00 p.m.. A shareholder, who is registered in the shareholder register of the Company and who wants to participate in the EGM, must register no later than on November 21, 2025, 10:00 a.m., by which time the registration must be received.
Registration for the EGM can be made:
- by a link available on Dovre Group Plc’s website at
https://www.dovregroup.com/investors/releases-and-events/ - by email to johanna.sahlstedt@dovregroup.com
- by telephone to Dovre Group Plc / Johanna Sahlstedt, tel. +358 44 339 5508.
In connection with the registration, a shareholder shall notify his/her name, personal identification number or business ID, address, telephone number, and the name of a possible assistant or proxy representative and the personal identification number of a proxy representative. The personal data given to Dovre Group Plc is used only in connection with the EGM and with the processing of related necessary registrations.
2. Holders of nominee registered shares
A holder of nominee registered shares has the right to participate in the EGM by virtue of such shares, based on which he/she would be entitled to be registered in the shareholder register of the Company maintained by Euroclear Finland Ltd on the record date of the EGM on November 13, 2025. The right to participate requires, in addition, that the shareholder has, on the basis of such shares, been registered into the temporary shareholder register maintained by Euroclear Finland Oy at the latest by November 20, 2025, by 10:00 a.m. In regard to nominee registered shares this constitutes due registration for the EGM. Changes in shareholding after the record date of the EGM do not affect the right to participate in the EGM or the number of votes of the shareholder.
A holder of nominee registered shares is advised to request without delay necessary instructions regarding the registration in the temporary shareholder register of the Company, the issuing of proxy documents and registration for the EGM from his/her custodian bank. The account management organization of the custodian bank has to register a holder of nominee registered shares, who wants to participate in the EGM, into the temporary shareholder register of the Company at the latest by November 20, 2025, by 10:00 a.m.
3. Proxy representative and powers of attorney
A shareholder may participate in the EGM and exercise his/her rights at the meeting through a proxy representative. A proxy representative shall produce a duly dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the EGM. When a shareholder participates in the EGM by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the EGM.
Any proxy documents should be delivered in original to Dovre Group Plc/Johanna Sahlstedt, Ahventie 4 B, 02170 Espoo, Finland, or as a scanned copy by email to johanna.sahlstedt@dovregroup.com by the last date of registration. In addition to the delivery of the proxy documents the shareholder or the proxy representative shall register for the EGM as described in this notice.
4. Other information
Pursuant to Chapter 5, Section 25 of the Companies Act, a shareholder who is present at the EGM has the right to request information with respect to the matters to be considered at the meeting.
On the date of this notice, the total number of shares and votes in Dovre Group Plc is 105,956,494.
Espoo, November 3, 2025
Dovre Group Plc
Board of Directors
For further information please contact member of the Board of Directors Ilari Koskelo,
tel. +358 40 510 8408.
Dovre Group Plc | Inside Information | November 13, 2025, at 8:30 AM
Dovre Group Plc announces that the share transaction with the three founding shareholders of Suvic Oy, originally disclosed on 4 September 2025, has been completed.
According to the agreement, the remaining shares of Suvic Oy (49% of all shares) have now been transferred to Dovre Group Plc.
Following the completion of the transaction, Dovre Group Plc holds 100 percent of the shares in Suvic Oy.
“We are pleased that the arrangement was completed in line with our original plan, albeit with a few weeks’ delay during which we prepared the ongoing financing solution. The arrangement clarifies the Group’s structure and supports the determined implementation of our strategy. We continue to focus on renewable energy projects, where Suvic has strong sales prospects, particularly in BESS projects,” says Ville Vuori, Chairman of the Board of Dovre Group.
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Company Facts
Guidance
Dovre Group’s net sales in 2025 are expected to decline in comparison to year 2024. The Group's Operating Profit (EBIT) is expected to decline.
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