Lehto Group Plc: Lehto declines financial guidance for 2021
Lehto Group PlcInside Information18 October 2021 at 8:30 p.m. (EET)New guidance: Lehto estimates that net sales in 2021 will be approximately 20% lower than in the previous year (EUR 544.7 in 2020) and that the operating result will be negative. The main factors behind the declined outlook are some loss-making business premises projects and their delayed execution, rising prices of the building materials and their weak availability, and delays in the starts of new projects. The main risks to the development of net sales and the operating result in 2021 concern the availability