Lehto Group Oyj: Lehto provides preliminary information on 2016 net sales and operating profit
Lehto Group Plc
Stock Exchage release
3 February 2017, 1.30 p.m. (EET)
Lehto provides preliminary information on 2016 net sales and operating profit
Preparation of Lehto's 2016 financial statements is still ongoing but the company estimates that net sales and operating profit 2016 will be higher than outlook published on November 11, 2016.
Preliminary information:
According to the unaudited accounts 2016, net sales grew by 31% to approximately 361 million euros and operating profit was approximately 40 million euros representing slightly more than 11% of the net sales.
The reason for higher net sales and operating profit was the faster development than expected in construction of apartments, business premises, social care and educational premises as well as in sale of business premises.
Previous outlook published on November 11, 2016 was:
In 2016 growth in net sales is estimated to be about 20-25% compared to the year 2015 (EUR 275,6 million in 2015) and operating profit is estimated to be about 10 - 11% of the net sales.
Lehto will publish its 2016 financial statement bulletin according to earlier given schedule on February 17, 2017.
For further information, please contact:
Lehto Group Plc
Veli-Pekka Paloranta, CFO
tel. +358 400 944 074
e-mail: veli-pekka.paloranta@lehto.fi
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Lehto Group Oyj via GlobeNewswire
