Brief: Lehto Specifies 2019 Guidance And Gives Outlook For 2020

Lehto Oyj

03/02/2020 07:53

Feb 3 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * LEHTO GROUP PLC: LEHTO SPECIFIES 2019 GUIDANCE AND GIVES
OUTLOOK
FOR 2020
    * LEHTO GROUP OYJ - ON Q4 NET SALES WERE APPROXIMATELY 270
MILLION
EUROS AND OPERATING PROFIT WAS AT LEVEL OF ZERO.
    * LEHTO GROUP OYJ - ESTIMATES THAT GROUP'S NET SALES IN 2020
WILL
BE APPROXIMATELY 10 % LOWER THAN IN 2019 AND THAT OPERATING
RESULT IS POSITIVE.
    * LEHTO GROUP OYJ - NET SALES OUTLOOK IS BASED ON ESTIMATION
OF
DECELERATING HOUSING MARKET AND DECLINING VOLUME IN LEHTO'S
SCHOOL AND CARE HOME BUSINESS
    * LEHTO GROUP OYJ - OPERATING PROFIT OUTLOOK IS INFLUENCED
BY
ENDING OF LOSS-MAKING COMPLETE RENOVATION PROJECTS AND OTHER
SINGLE LOSS-MAKING PROJECTS
    * LEHTO GROUP OYJ - 2019 NET SALES DECLINED BY 7,5% TO
APPROXIMATELY 667 MILLION EUROS AND OPERATING LOSS WAS
APPROXIMATELY -42 MILLION EUROS.

Source text for Eikon:  ID:nWkr6BVTss 
Further company coverage:  LEHTO.HE 

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