Bonava to report a non-recurring cost of EUR 15 million related to restructuring in Finland
Following Bonava’s strategic review of its Finnish operation, the Group will report a non-recurring cost of EUR 15 million for the fourth quarter.As a consequence of a strategic review of the Group’s Finnish operation, Bonava is intending to carry out a number of restructuring measures to improve profitability. Among other measures, the company is planning to leave Oulu, a region that has displayed a weak profit trend for some time. In addition, sunk costs related to projects in Oulu will be impaired. Bonava currently has no units in production in the region. Furthermore, the