Lehto Group Plc: Lehto books losses on projects on 2021 financial statements, operating loss EUR -24 million
Lehto Group PlcInsider information28 January 2022, at 8.00 a.m. (EET)Preparation of Lehto’s 2021 financial statements is still ongoing but according to the unaudited 2021 accounts net sales declined by 20% to approximately EUR 435 million and operating loss from continuing operations was approximately EUR -24 million. The reason behind the operating loss was especially significant losses from six business premises projects. These projects caused loss of EUR -24 million in year 2021. Two of the projects are complete renovation projects (approximately EUR -10 million), two hotel