Lehto Group Plc: Lehto declines its financial outlook for the year 2019
Lehto Group PlcStock exchange release9 May 2019 at 07.00 a.m.Updated outlook: Lehto estimates that the Group’s net sales for 2019 will be at level of 2018 (EUR 721.5 million in 2018) and that operating profit will be 2–6% of net sales (5.2% in 2018). The decrease in the estimated operating profit is due to further decreased project margins in complete renovation, costs related to starting business in Sweden and the loss of the first day care center project in Sweden, and the weakening of the margins of care home and business premises projects and delays in launching new projects.