Brief: Lehto Updates Its Operating Profit Outlook For The Year 2018

Lehto Oyj

01/08/2018 13:06

Lehto Group Oyj  LEHTO.HE :
    * LEHTO UPDATES ITS OPERATING PROFIT OUTLOOK FOR THE YEAR
2018
    * ESTIMATES THAT GROUP'S NET SALES FOR 2018 WILL GROW BY
20-30%
FROM 2017 (EUR 597.6 MILLION IN 2017)
    * ACCRUAL OF NET SALES AND OPERATING PROFIT IS EXPECTED TO
BE
STRONGLY WEIGHTED TOWARDS END OF YEAR
    * DECREASE IN ESTIMATED OPERATING PROFIT IS DUE TO LOWER
PROJECT
MARGINS THAN PREVIOUSLY PROJECTED
    * OPERATING PROFIT FOR 2018 IS EXPECTED TO BE APPROXIMATELY
8-9%
OF NET SALES (2017: 10.8%)
    * MAIN RISKS ASSOCIATED WITH DEVELOPMENT OF NET SALES AND
OPERATING PROFIT ARE RELATED TO COMPLETION OF ONGOING PROJECTS

Source text for Eikon:  ID:nWkr7Vzsnj 
Further company coverage:  LEHTO.HE