Brief: Lassila & Tikanoja Lowers Guidance For 2019

Luotea Oyj

12/07/2019 14:37

July 12 (Reuters) - Lassila & Tikanoja Oyj  LAT1V.HE :
    * REG-PROFIT WARNING: LASSILA & TIKANOJA PLC LOWERS ITS
GUIDANCE
FOR 2019
    * FULL-YEAR NET SALES IN 2019 ARE EXPECTED TO BE ON PAR WITH
2018
AND OPERATING PROFIT IS EXPECTED TO BE BELOW 2018 LEVEL
    * COMPANY LOWERS ITS GUIDANCE FOR 2019 BECAUSE OPERATING
PROFIT OF
FACILITY SERVICES FINLAND IS EXPECTED TO DECREASE COMPARED TO
2018 DUE TO COSTS RELATED TO IMPLEMENTATION OF NEW OPERATING
MODEL AND DECREASE IN DIVISION'S CONTRACT BASE
    * OUTLOOK DOES NOT TAKE INTO ACCOUNT IMPACT OF DIVESTMENT OF
L&T
KORJAUSRAKENTAMINEN OY

Source text for Eikon:  ID:nGNE1Xr3SK 
Further company coverage:  LAT1V.HE 

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