Brief: Lassila & Tikanoja Q1 Operating Profit Falls To EUR 0.7 Mln

Luotea Oyj

26/04/2019 06:15

April 26 (Reuters) - Lassila & Tikanoja Oyj  LAT1V.HE :
    * NET SALES FOR Q1 WERE EUR 198.8 MILLION (196.5)
    * Q1 OPERATING PROFIT WAS EUR 0.7 MILLION (3.7)
    * ALL OF LASSILA & TIKANOJA'S DIVISIONS, EXCEPT FACILITY
SERVICES
FINLAND, HAVE A GOOD OUTLOOK FOR 2019
    * 2019NET SALES AND OPERATING PROFIT OF FACILITY SERVICES
FINLAND
ARE EXPECTED TO DECREASE COMPARED TO 2018 DUE TO COSTS RELATED
TO IMPLEMENTATION OF NEW OPERATING MODEL AND DECREASE IN
DIVISION'S CONTRACT BASE.
    * LASSILA & TIKANOJA'S FULL-YEAR NET SALES AND OPERATING
PROFIT IN
2019 ARE EXPECTED TO BE ON PAR WITH 201
    * LASSILA & TIKANOJA'S FULL-YEAR NET SALES AND OPERATING
PROFIT IN
2019 ARE EXPECTED TO BE ON PAR WITH 2018
    * OUTLOOK DOES NOT TAKE INTO ACCOUNT IMPACT OF DIVESTMENT OF
L&T
KORJAUSRAKENTAMINEN OY.

Source text for Eikon:  ID:nGNE87jWTK 
Further company coverage:  LAT1V.HE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))