Why did BEAGU's operating profit turn negative in Q4 2024?
5/8/2025 08:18pm
The negative turn in BEAGU's operating profit in Q4 2024 can be attributed to specific strategic decisions and operational challenges:
1. **Business Segment Sale**: BEAGU sold its Project Personnel and Norwegian Consulting businesses to NYAB AB on November 20, 2024. This sale likely led to a temporary disruption in operations and revenue generation, as the transition to the new owner and restructuring of the business occurred.
2. **Renewable Energy Project Delays**: Some of Dovre's Renewable Energy projects, managed by its subgroup Suvic, experienced delays and increased costs due to winter weather and other factors. These delays likely impacted the project timeline and cost efficiency, leading to a reduction in operating profit.
In summary, BEAGU's negative operating profit in Q4 2024 was primarily due to the strategic sale of business segments and operational challenges in the Renewable Energy sector.