Brief: Lehto 2022 Operating Result Will Be Lower Than Expected

Lehto Oyj

30/01/2023 14:00

Jan 30 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * 2022 OPERATING RESULT WILL BE LOWER THAN EXPECTED EARLIER
    * HAS IMPROVED LIQUIDITY AND CASH FLOW BY SELLING CERTAIN
APARTMENTS AND APARTMENT PROJECTS WITH SIGNIFICANT DISCOUNTS
    * CERTAIN ASSET SALES PLANNED FOR YEAR 2022 HAVE DELAYED FOR
YEAR
2023
    * SALES CREDIT LOSSES AND OTHER ONE-OFF ITEMS HAVE BEEN MORE
THAN
EXPECTED EARLIER
    * PRELIM 2022 NET SALES FROM CONTINUING OPERATIONS AT ABOUT
EUR
345 MILLION (EUR 404 MILLION IN 2021)
    * PRELIM 2022 OPERATING RESULT FROM CONTINUING OPERATIONS AT
EUR
-42 MILLION (EUR -28 MILLION IN 2021)

Source text for Eikon:  ID:nWkr9zrn51 
Further company coverage:  LEHTO.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))