Lehto Group Plc: Lehto specifies 2019 guidance and gives outlook for 2020
Lehto Group PlcInsider information3 February, 2020 at 9.40 a.m. (EET)Preparation of Lehto’s 2019 financial statements is still ongoing but according to the unaudited 2019 accounts the net sales declined by 7,5% to approximately 667 million euros and operating loss was approximately -42 million euros. On fourth quarter the net sales were approximately 270 million euros and operating profit was at the level of zero. Outlook published in January-September business review report on 7 November 2019 was: Lehto estimates that the Group's net sales in 2019 will be lower than in 2018 (