Dovre’s remaining parts are a bit of a mystery, at least they include:
- The old Proha Finnish consulting business, likely a few employees and maybe €1–2m in revenue.
- eSite, which was acquired from Fortum; I don’t really know what it does, but revenue is unlikely to be more than €0.5m.
- Renetec—I wondered about its founding earlier, but perhaps trust in Suvic was already wearing thin, and that’s why it’s a separate company (though not for project execution, more for design if I remember correctly). Its revenue is unlikely to be over €1m; information has been quite scarce.
- An associate company called Suvirasa or similar has been held for a long time, with a 20% stake; its value in the financial statements has presumably been around €2m.
Those elements can be made profitable, but the restructuring cuts would need to be massive to generate significant cash flow from those components. We’ll see if management still has the stamina to keep dragging this stone sledge; the upside is, however, quite limited. I’ve been involved in this for probably 10 years or more; at one point the choice was between Revenio or this, and I might not have picked the winning horse 
but I knew Dovre from before, and at the time there was a clear cleanup project underway that was progressing in the right direction year by year. Suvic was just a massive mistake; once again, a company from Oulu practicing “financially-driven project management” has been found, putting it in the same category as Lehto. This is actually even more shocking as losses are in the tens of millions and revenue hasn’t been much higher over the same period. Well, luckily I’ve been trimming my position, so maybe this adventure ended up just barely at ±0.