Brief: Lehto Group H1 Operating Result Swings To Loss EUR 27.5 Million

Lehto Oyj

15/08/2019 06:10

Aug 15 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * LEHTO GROUP PLC'S HALF-YEAR FINANCIAL REPORT 1 JANUARY -
30 JUNE
2019
    * H1 NET SALES EUR 246.3 MILLION VERSUS EUR 291.9 MILLION
YEAR AGO
    * H1 OPERATING LOSS EUR 27.5 MILLION VERSUS PROFIT EUR 13.7
MILLION YEAR AGO
    * ON 6 AUGUST 2019, LEHTO PUBLISHED A STOCK EXCHANGE RELEASE
THAT
FINANCIAL OUTLOOK HAD WEAKENED. VIEW PUBLISHED AT THAT TIME IS
UNCHANGED
    * ESTIMATES THAT GROUP'S NET SALES FOR 2019 WILL BE EITHER
AT SAME
LEVEL OR LOWER THAN IN 2018 (EUR 721.5 MILLION IN 2018)
    * LEHTO GROUP - SEES FULL-YEAR 2019 OPERATING RESULT WILL BE
IN
RED DUE TO STEEP LOSSES POSTED IN FIRST HALF OF YEAR (OPERATING
PROFIT OF EUR 37.2 MILLION, OR 5.2% OF NET SALES IN 2018)

Source text for Eikon:  ID:nWkr6g0xNc 
Further company coverage:  LEHTO.HE 

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