Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

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Honkarakenne Oyj Lowers FY 2012 Pre-Tax Profit Guidance


Friday, 4 Jan 2013 04:45am EST 

Honkarakenne Oyj announced that it has changed its profit guidance for fiscal year 2012. The Company now expects to report fiscal year 2012 profit before taxes significantly lower than in fiscal year 2011. Previously, the Company expected to report fiscal year 2012 net sales and profit before taxes lower than in fiscal year 2011. The reason for change in the market guidance is conclusion of negotiations under the act on cooperation negotiations launched on November 8, 2012. Due to cooperation negotiations the Company will enter EUR 3.5 million non-recurring costs and write-offs for 2012, of which EUR 2.0 million are write-offs of fixed assets and EUR 1.5 million are provision costs for dismissals. Fiscal year 2012 profit before taxes without non-recurring items will be lower than in fiscal year 2011. The Company reported fiscal year 2011 profit before tax of EUR 1.10 million. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2012 profit before tax of negative EUR 1.90 million. 

Company Quote

2.11
-0.09 -4.09%
17 Sep 2014