Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Friday, 22 December 2017

Lehto Group Plc:Lehto's 2017 Net Sales Expected to Grow Over 55% from Previous Year

Lehto Group Oyj    

Published: 09:19 CET 22-12-2017 /GlobeNewswire /Source: Lehto Group Oyj / : LEHTO /ISIN: FI4000081138

Lehto Group Plc:Lehto's 2017 Net Sales Expected to Grow Over 55% from Previous Year

Lehto Group Plc
Stock Exchange Release
December 22, 2017 at 10:15 a.m. EEST


Lehto's 2017 Net Sales Expected to Grow Over 55% from Previous Year


Updated outlook December 22, 2017:

In 2017 Lehto's net sales is expected to grow over 55% from previous year (EUR 361.8 million in 2016) and operating profit is expected to be above 10% (11.2% in 2016) of the net sales.

The main reasons behind the improved net sales outlook is better than estimated progress in Business Premises and Housing service areas. Business Premises projects have progressed faster than estimated and finalisation of some own developed Housing projects in year 2017 has been assured.

Previous outlook reported in January-September 2017 business review report (November 9, 2017):

In 2017 Lehto's net sales is expected to grow 40-50% from previous year (EUR 361.8 million in 2016) and operating profit is expected to be above 10% (11.2% in 2016) of the net sales.

 

Further information:

Veli-Pekka Paloranta, Chief Financial Officer
Lehto Group Plc

+358 400 944 074
veli-pekka.paloranta@lehto.fi

 

Lehto Group in brief

Lehto is the fastest growing construction and real estate group in Finland. We operate in four service areas: Business Premises, Housing, Social Care and Educational Premises, and Building Renovation. We are the innovator and pioneer of the construction sector. Our economically driven operating model makes construction more profitable, ensures the quality of construction and brings significant time and cost savings to the customer. We employ 1105 people (Q3 2017) and our net sales for 2016 amounted to EUR 362 million. 

www.lehto.fi





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Lehto Group Oyj, Voimatie 6 B, Kempele 90440, Finland
If you would like to unsubscribe and stop receiving these e-mails click here.