Brief: Lehto Group Declines Its Financial Outlook For 2018

Lehto Oyj

19/10/2018 15:36

Oct 19 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * LEHTO GROUP PLC: LEHTO DECLINES ITS FINANCIAL OUTLOOK FOR
THE
YEAR 2018
    * ESTIMATES THAT GROUP'S NET SALES FOR 2018 WILL GROW BY
ABOUT
20-25% FROM 2017
    * 2018 OPERATING PROFIT IS EXPECTED TO BE APPROXIMATELY 5-6%
OF
NET SALES (2017: 10.8%)
    * DECREASE IN ESTIMATED OPERATING PROFIT IS DUE TO FURTHER
DECREASED PROJECT MARGINS
    * DECLINED NET SALES ESTIMATE IS MAINLY DUE TO DELAY OF
PROJECT
STARTS IN 'SOCIAL CARE AND EDUCATIONAL PREMISES' SERVICE AREA
    * LEHTO GROUP - PREVIOUS OUTLOOK: 2018 NET SALES TO GROW BY
ABOUT
20-30%, OPERATING PROFIT TO BE OF ABOUT 8-9% OF NET SALES

Source text for Eikon:  ID:nWkr7v6gG6 
Further company coverage:  LEHTO.HE 

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