Lehto Group Plc: Lehto is preparing for the uncertainty of the construction market

Lehto Group Oyj
Insider information
4 October, 2022 at 8.30 a.m. (EET)

Lehto prepares for the weakening market prospects of the construction industry by initiating adaptation measures, with which the company aims for cost savings of approximately EUR 6-7 million for 2023. The majority of the cost savings is estimated to come from personnel costs.

As part of the measures, the company will start change negotiations, the goal of which is to achieve savings equivalent to approximately 80 man-years. The negotiations do not concern personnel at the company's construction sites.

The change negotiations will not have a significant impact on Lehto’s financial result 2022 or financial position in year 2022.

Further information:
Juuso Hietanen
CEO
Tel. +358 50 343 4023