Lehto is a Finnish construction and real estate group focused on improving productivity in construction to create added value for its customers and shareholders. The key factors in improving productivity are effective design management, the standardisation of operating methods and technical and operating solutions, and the industrial manufacturing in its factories regarding the structural elements requiring multiple work stages.
Lehto is a Finnish construction and real estate group.
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Two service areas: Housing and Business Premises.
One agreement, fixed price, agreed move-in date, agreed content and quality
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Our strengths are: design management, standardization, industrial manufacturing and digital processes and service chain
The implementation of modular construction innovations developed and manufactured by Lehto Group enables the transfer of work stages that were traditionally performed on the construction site to a partly automated production plant. This reduces the complexity of the construction site and improves construction quality and efficiency. Through its efficient operating model, Lehto is able to offer its customers a rapid and effortless process under the turn-key principle, from design to implementation, in line with Lehto’s customer promise: one contract, fixed price and an appointed move-in date.
The service areas of Lehto Group are Business Premises and Housing. The Group’s turnover for 2021 was EUR 435.9 million. The company has ten offices in Finland, with its headquarters located in Kempele.
Modularity, as well as the utilisation of industrial prefabrication remain the distinguishing competitive factors for Lehto. In addition, the company has its own design office, which is not typical of ordinary resourcing in the industry. Lehto harnesses them to further develop business operations that enable scalability. The strategic choices open up opportunities to improve profitability in the construction sector and to engage in business that serves the society and the environment.
Lehto Group has divided its operations into two service areas:
Retail premises, logistics premises, light industry premises, day care centres and schools as well as office and other premises. The Company constructs business premises nationwide.
Apartment blocks, balcony access blocks, terraced houses, area construction, plumbing renovations and care homes for senior citizens and special needs groups. In housing construction, the main focus is the Helsinki Metropolitan area and selected regional growth centres.
In addition Lehto Group manufactures proprietary building elements and modules mainly for its own use. The production facilities manufacture e.g. load-bearing large roof elements, combined kitchen and bathroom modules, bathroom modules, apartment elements, building technology centres, and in the future also wall elements, windows and riser elements for plumbing renovation.
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2021 | 2020* | 2019 | 2018 | 2017 | 2016 | 2015 | ||
|---|---|---|---|---|---|---|---|---|
Audited | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
Net sales, million euros | 435.9 | 544.7 | 667.7 | 721.5 | 597.6 | 361.8 | 275.6 | |
Net sales, change from the previous year (%) | -20.0 | -18.4 | -7.5 | 20.7 | 74.5 | 31.3 | 61.6 | |
Operating profit, million euros | -24.0 | 0.1 | -41.8 | 37.2 | 64.6 | 40.4 | 27.2 | |
Operating profit, as % of net sales | -5.5 | 0.0 | -6.3 | 5.2 | 10.8 | 11.2 | 9.9 | |
Profit or loss for the financial year, million euros | -32.6 | -8.2 | -35.7 | 28.7 | 51.6 | 31.9 | 21.2 | |
Profit or loss for the financial year, as % of net sales | -7.5 | -1.5 | -3.1 | 4.2 | 8.6 | 8.8 | 7.7 | |
Cash flow from operating activities, million euros | -40.5 | 73.6 | -11.1 | -18.3 | -2.8 | 8.3 | 21.3 | |
Order book, million euros (unaudited) | 474.1 | 426.3 | 481.8 | 655.6 | 538.1 | 309.1 | 195.0 | |
Balance sheet total, million euros | 367.0 | 383.8 | 451.8 | 468.3 | 337.2 | 258.7 | 137.6 | |
Return on equity (ROE), % | -30.4 | -7.0 | -26.0 | 18.3 | 38.8 | 42.8 | 85.1 | |
Return on investments (ROI), % | -10.3 | -0.9 | -14.3 | 16.1 | 40.6 | 44.5 | 66.5 | |
Equity ratio, % | 27.2 | 38.7 | 29.6 | 42.7 | 56.3 | 60.4 | 37.2 | |
Net gearing ratio, % | 113.8 | 7.0 | 115.,9 | 38,5 | -20.6 | -44.2 | -22.9 |
* 2020 is restated according to Swedish operations as discontinued operations
Lehto Group strives for profitable growth on the housing, business premises, social care and educational premises, and building renovation markets. Lehto Group seeks to maintain its strong financial position also in the future.
The financial goals of Lehto Group contain forward-looking statements which are based on Lehto Group’s understanding and opinions and assumptions based on Lehto Group’s current knowledge. Forward-looking statements contain known and unknown risks, uncertainties and other important factors owing to which the Company’s future result, operations, achievement and the result of the line of business may deviate significantly from the explicit or implicit results, operations, achievements and results of the line of business stated in the forward-looking statements. Such risks, uncertainties and other important factors include risks related to the execution of the Company strategy and the availability of financing, general economical situation and market situation and other risks associated with the general operating environment, the Company’s line of business and business operations. The forward-looking statements are not guarantees on the future operating or financial performance of the Company.
The Company’s ability to reach its financial targets depends on many risks and uncertainties. There is no certainty regarding whether the Company will be able to reach its financial targets or maintain such financial targets, should they be reached.