Lehto Group Plc: Lehto declines it’s estimate of net sales and operating profit for 2019
Lehto Group OyjStock exchange release1 November, 2019 at 6.45 p.m. (EET)Lehto estimates that the Group's net sales in 2019 will be lower than in 2018 (2018 net sales EUR 721.5 million). Although the company estimates its fourth-quarter operating profit to be positive, the second-half operating profit is expected to be negative due to the third-quarter operating loss (operating loss January-June 2019 EUR -27.5 million). The main factors affecting net sales and operating profit for the second half of the year are the continuing losses of complete renovation projects in the third