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                                    Why did OACCU's operating profit turn negative in Q4 2024?
                                </h1> <div class="user_slot" data-v-91e9c5c4=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/default_aime_user.ec532c9.png" alt="user" class="avatar" data-v-91e9c5c4=""> <span class="user_desction" data-v-91e9c5c4="">
                                        
                                        5/9/2025 12:39am
                                    </span></div></div></div> <div class="seo-text-answer" data-v-91e9c5c4="">The negative operating profit for OACCU in Q4 2024 can be attributed to several factors:

1. **Strategic Divestitures**: OACCU sold its Project Personnel and Norwegian Consulting businesses to NYAB AB. This sale may have led to a temporary disruption in operations and a decrease in revenue until the transition was complete.
2. **Challenging Market Conditions**: The company faced challenging market conditions, which could have impacted its profitability. For example, Dovre Group, which OACCU is part of, experienced reduced profitability in some Renewable Energy projects due to delayed works and increased costs.

In conclusion, OACCU's negative operating profit in Q4 2024 was likely a result of a combination of strategic divestitures and challenging market conditions.


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On November 20, 2024, Dovre group announced the sale of its Project Personnel and Norwegian Consulting businesses to NYAB AB. According to the outlook for the retained business only, Dovre Group’s net sales in 2024 were expected to be in the range of 88-93 MEUR and the operating profit (EBIT) was expected to be between -5 and -6 MEUR. In anticipation of the completion of the transaction, Dovre adopts the new structure including only the retained businesses in its financial reporting. New guidance for 2024: Dovre Group’s revenue for the retained business is expected to be in the range of 88-93 MEUR and the operating profit (EBIT) is expected to be between -13 and -15 MEUR. The reason for the lowered guidance is the reduced profitability in some Renewable Energy projects by Dovre’s subgroup Suvic. Despite enhanced management focus and extraordinary operative efforts, some of the works are delayed and impacted by winter, increasing cost and slowing down progress at the sites. The forecast includes estimated losses until the completion of these projects and therefore contains some uncertainty related to the eventual costs also in 2025. Dovre Group’s ownership of Suvic is 51%. For further information, please contact: Dovre Group Plc Sanna Outa-Ollila, Acting CEO Tel. +358 20 436 2000 sanna.outa-ollila@dovregroup.com Ilari Koskelo, Vice Chairman of the Board of Directors Tel. +358 40 510 8408 ilari.koskelo@navdata.fi Dovre Group is a trusted global provider of project management services with locations across Canada, Finland, Norway, Singapore, Sweden, and the United States. Our professionals execute assignments all around the world. In 2023, the Group’s net sales were EUR 196.7 million and its operating result was EUR 7.4 million. 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did OACCU's operating profit turn negative in Q4 2024?","progress\u002Fsearching_for",1000,"searching_for","signal","llm_generated",null,"5ef829c41fd6d6b1","c1edf437-db6e-45ae-b86c-28fd36c557a4",999,2001,"rich_text","What were OACCU's revenue and cost of goods sold in Q4 2024?","What is the current market sentiment towards OACCU's stock?","How did OACCU's operating expenses compare to its revenue in Q4 2024?","STR","ths_ainvest_lite_web",0,"auto","agent",1746765541820,"dp97681780","explain news events","thinking","The user wants to analyze why OACCU's operating profit turned negative in Q4 2024. I should focus on the data of OACCU's operating profit in Q4 2024 and the reason behind it. I will use FinQuery for the data mentioned above; use Search for the reason; use Search for the Q4 2024 earnings report.","39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.12.0\u002FrecommendList@1.12.0index.js","The negative operating profit for OACCU in Q4 2024 can be attributed to several factors:\n\n1. **Strategic Divestitures**: OACCU sold its Project Personnel and Norwegian Consulting businesses to NYAB AB. This sale may have led to a temporary disruption in operations and a decrease in revenue until the transition was complete.\n2. **Challenging Market Conditions**: The company faced challenging market conditions, which could have impacted its profitability. For example, Dovre Group, which OACCU is part of, experienced reduced profitability in some Renewable Energy projects due to delayed works and increased costs.\n\nIn conclusion, OACCU's negative operating profit in Q4 2024 was likely a result of a combination of strategic divestitures and challenging market conditions.\n\n\n",2,"Negative profit warning: Dovre Group Plc lowers its 2024 guidance for operating profit","Dovre Group Plc Inside information December 23, 2024, at 12.30 pm Negative profit warning: Dovre Group Plc lowers its 2024 guidance for operating profit Dovre Group Plc lowers its 2024 guidance for operating profit. On November 20, 2024, Dovre group announced the sale of its Project Personnel and No...","https:\u002F\u002Fwww.globenewswire.com\u002Fnews-release\u002F2024\u002F12\u002F23\u002F3001069\u002F0\u002Fen\u002FNegative-profit-warning-Dovre-Group-Plc-lowers-its-2024-guidance-for-operating-profit.html","2024-12-23","oeqxkhszf","oeqxkhszf_layer","base","agent_common_v2\nagent-summary","normal_agent","NONE","stock","Searching Web","The negative operating profit for OACCU in Q4 2024 can be attributed to several factors:\n\n1. **Strategic Divestitures**: OACCU sold its Project Personnel and Norwegian Consulting businesses to NYAB AB. This sale may have led to a temporary disruption in operations and a decrease in revenue until the transition was complete[^2]",".\n2. **","AB","Challenging Market Conditions**: The company faced challenging market conditions, which could have impacted its profitability. For example, Dovre Group, which OACCU is part of, experienced reduced profitability in some Renewable Energy projects due to delayed works and increased costs[^2].\n\nIn conclusion, OACCU's negative operating profit in Q4 2024 was likely a result of a combination of strategic divestitures and challenging market conditions.\n\n","\n``` visual\n{\"uuid\":\"e23da875-43f6-460a-88fb-4f7fdafd705c\"}\n```","2+679_496_21_554+0+0+c1edf437-db6e-45ae-b86c-28fd36c557a4+5112e14898de517033057e42d7dd9ce7+llm_generated+aimeTagAnalysis+0+0.004505616147071123+1","2+679_496_21_554+0+0+c1edf437-db6e-45ae-b86c-28fd36c557a4+7a924dd5d9fbcfee67e9eb8a73776391+llm_generated+aimeTagAnalysis+0+0.0038179075345396996+2","2+679_496_21_554+0+0+c1edf437-db6e-45ae-b86c-28fd36c557a4+e2575fe6ebcbfbff41cf9a16b039267a+llm_generated+aimeTagAnalysis+0+0.0030433323699980974+3",3,"recommend_query_list","ztxxx06c0a024223920bbbeb1e0926","send_text","item_type","rec_info","display_text","rec_reason","root","relative","iwencai\u002FrecommendList0326","aigc","\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/195837b.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/e402278.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7c15041.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/69a864a.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/9579193.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/6726d3c.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/c69ce63.js" defer=""></script>