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.
Veli-Pekka Paloranta, Chief Financial Officer
Lehto Group Plc
+358 400 944 074
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.