Lehto Group Plc: Lehto constructs accommodation premises for about 1,000 employees at Pyhäjoki’s nuclear power plant construction site

Lehto constructs accommodation premises for about 1,000 employees at Pyhäjoki’s nuclear power plant construction site

Lehto Group Plc Stock Exchange Release 26 August 2016, 08:00 a.m. EET

Lehto Group Plc’s subsidiary Rakennuskartio ltd has signed a contract with Joint Stock Company “Concern Titan-2” branch office in Finland to construct accommodation premises for about 1,000 employees at Pyhäjoki’s nuclear power plant construction site. The project will be delivered as a turn-key project where Lehto is responsible for the planning and construction in stages according to a defined time and payment schedule agreed upon with the customer.

Lehto will use its own developed modular building concept in the project. Apartment modules will be prefabricated in Lehto’s own factory and they are assembled at the construction site. The total gross floor area of the project is about 17,000 m² and the first premises are estimated to be inhabited in April 2017. In total, the project is estimated to be completed in January 2019.

The total value of the construction contract is about 25.3 million euros, excluding value-added tax, and it will not change the previous financial outlooks for 2016 published by Lehto Group.

For more information:

Hannu Lehto, CEO
+ 358 500 280 448
hannu.lehto@lehto.fi

Veli-Pekka Paloranta, CFO
+ 358 400 944 074
veli-pekka.paloranta@lehto.fi

Lehto Group in brief

Lehto Group is a Finnish construction and real estate group focusing on economically driven construction. The company’s mission is to be an innovative reformer of the construction industry. The company has divided its operations into four service areas: Business Premises, Housing, Social Care and Educational Premises and Building Renovation. Lehto Group currently operates in Finland and is geographically concentrated in growth centres which form a significant part of the construction volume. The company’s headquarters are located in Kempele. The company’s net sales in financial year 2015 was approx. EUR 276 million and the company employed 423 people at the end of the financial year 2015.

www.lehto.fi