Lehto updates its operating profit outlook for the year 2018
Lehto Group PlcStock exchange release1 August 2018 at 3:00 pm Updated outlook 1 August 2018: Lehto estimates that the Group’s net sales for 2018 will grow by 20-30% from 2017 (EUR 597.6 million in 2017) and operating profit is expected to be approximately 8-9% of net sales (2017: 10.8%). The accrual of net sales and operating profit is expected to be strongly weighted towards the end of the year. The figures for the comparison year 2017 have been adjusted to reflect the accounting principles of the IFRS 15 standard adopted on 1 January 2018.The decrease in the estimated operating