Strategy and Objectives

We have worked through the strategies of Dovre and Camako. The cornerstones of the approved strategy are twofold:

1. Focus on the core business, and
2. Proftable growth

Focusing on the core business means getting really good at the core and not looking at diversifcation on other business opportunities around the primary operations. The focus means becoming the recognized global and regional provider of professional project management services. Proftable growth means investing into the growth opportunities within the core business, and managing it so that the investments are right in size. It is more pay-as-you-grow strategy than making major investments that are either great successes or maybe failures.

For Dovre, the strategy means focusing on professional services for the oil and gas industry. Dovre has already gained the position as the trusted and valued partner with many of the global energy companies in their large investment projects worldwide. At the same time the proftable growth entails for Dovre to expand with our global customers to new locations, where Dovre’s services are needed. Good examples are the new subsidiaries established in Australia and Sakhalin Island, Russia.

For our software businesses, Camako and Safran, the strategy means focusing on the core business as well, but also expanding to new countries one by one with the right level of investments.

An increasing share of today’s business is project-based. The main business of the Proha Group is to supply knowledge and resources to manage projects and investments. We are confdent that we are well positioned to continue to grow our business.