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.