Lehto Group Plc
Stock exchange release
6 August, 2019 at 8.00 a.m.
Lehto estimates that the Group’s net sales for 2019 will be at level of 2018 or lower than on year 2018 (EUR 721.5 million in 2018) and that full year 2019 operating profit will be negative due to strongly negative first half of 2019 (operating profit EUR 37.2 million in 2018).
The net sales outlook is weakened due to delays in start of Business Premises projects. The main reason for decrease in the estimated operating profit is due to losses in complete renovation projects which are significantly larger than estimated.