Brief: Lehto Q1 Operating Result Swings To Loss Of EUR 9.3 Mln

Lehto Oyj

09/05/2019 06:23

May 9 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * Q1 NET SALES EUR 117.8 MILLION VERSUS EUR 103.1 MILLION
YEAR AGO
    * Q1 OPERATING LOSS EUR 9.3 MILLION VERSUS PROFIT EUR 2.3
MILLION
YEAR AGO
    * UPDATED OUTLOOK:  ESTIMATES THAT GROUP'S NET SALES FOR
2019 WILL
BE AT LEVEL OF 2018 (EUR 721.5 MILLION IN 2018)
    * UPDATED OUTLOOK:  ESTIMATES 2019  OPERATING PROFIT WILL BE
2-6%
OF NET SALES (5.2% IN 2018)
    * LEHTO GROUP - PREVIOUS OUTLOOK: NET SALES FOR 2019 AT
LEVEL OF
2018, OPERATING PROFIT ABOUT 5-7% OF NET SALES
    * LEHTO GROUP - DECREASE IN ESTIMATED OPERATING PROFIT DUE
TO
AMONG OTHERS FURTHER DECREASED PROJECT MARGINS IN COMPLETE
RENOVATION, COSTS RELATED TO STARTING BUSINESS IN SWEDEN

Source text for Eikon:  ID:nWkr8NZVvY 
Further company coverage:  LEHTO.HE 

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