Brief: Honkarakenne H1 Operating Loss Swings To Profit EUR 0.9 Mln

Honkarakenne Oyj

08/08/2019 07:24

Aug 8 (Reuters) - Honkarakenne Oyj  HONBS.HE :
    * REG-HONKARAKENNE OYJ HALF YEAR FINANCIAL REPORT, 1 JANUARY
– 30
JUNE 2019
    * H1 NET SALES EUR 21.7 MILLION VERSUS EUR 19.7 MILLION YEAR
AGO
    * H1 OPERATING PROFIT EUR 0.9  MILLION VERSUS LOSS EUR 0.7
MILLION
YEAR AGO
    * SAYS NET SALES IN RUSSIA WERE WEAKER THAN EXPECTED
    * TREND IN ORDER INTAKE IS STRONGLY NEGATIVE AND STEPS HAVE
BEEN
INITIATED TO INCREASE SALES EFFICIENCY
    * NET SALES IN EUROPE AND FROM INTERNATIONAL PROJECT SALES
DEVELOPED AS EXPECTED IN FIRST HALF OF YEAR, BUT FELL SLIGHTLY
SHORT OF PREVIOUS YEAR.
    * HONKARAKENNE REITERATES ITS VIEW THAT NET SALES IN 2019
WILL BE
ON A PAR WITH 2018 AND PROFIT BEFORE TAXES WILL BE BETTER.

Source text for Eikon:  ID:nGNE7lWrvc 
Further company coverage:  HONBS.HE 

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