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Lemminkainen Oyj (LEM1S.HE)

LEM1S.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Lemminkainen signs EUR 200 mln committed revolving credit facility
Monday, 20 Mar 2017 06:20am EDT 

Lemminkainen Oyj : Has signed new committed revolving credit facility investor news . Has signed new 200 million euro ($215 million) committed revolving credit facility . Simultaneously, Lemminkäinen cancels current 185 million euro committed revolving credit facility that would have matured during Q1 2018 .Facility will mature during Q1 2020 with options for two one year extensions.  Full Article

Lemminkainen signs deal with transport office on renovation of road 21
Friday, 3 Mar 2017 04:13am EST 

Lemminkainen Oyj : Signs contract with transport office on renovation of national road 21 . Works start in May 2017 and end in Sept. 2018 .Contract value is about 9 million euros ($9.5 million).  Full Article

Lemminkäinen to repair road surfaces in Southern Finland
Tuesday, 21 Feb 2017 06:13am EST 

Lemminkainen Oyj : Lemminkäinen to repair road surfaces in Southern Finland . Contract value is about 15 million euros ($15.8 million) .Work will begin in April 2017 and be completed in September 2017.  Full Article

Lemminkainen Q4 oper profit up at EUR 35.0 million
Thursday, 9 Feb 2017 01:00am EST 

Lemminkainen Oyj : Q4 net sales 477.3 million euros ($509.85 million) versus 528.5 million euros year ago . Q4 operating profit 35.0 million euros versus 18.9 million euros year ago . Q4 order inflow 212.5 million euros versus 296.0 million euros year ago . To distribute a per-share dividend of 0.66 euro . Estimates that its net sales in 2017 will grow from 2016 .Operating profit (IFRS) in 2017 is expected to improve from 45.1 million euros.  Full Article

Lemminkäinen signs contract for construction work of Vermontie south in Finland
Monday, 23 Jan 2017 06:41am EST 

Lemminkainen Oyj : Signs a contract for the construction work of Vermontie south in Finland . Construction work will begin in February 2017 and be completed at in October 2018 .Value of contract is about 14.5 million euros ($15.55 million).  Full Article

Lemminkäinen cuts provisions for asphalt cartel damages and Q4 results
Wednesday, 9 Nov 2016 02:31am EST 

Lemminkainen Oyj : Lowers provision related to asphalt cartel damages and simultaneously records write-downs in the fourth quarter result . Will record write-downs related to non-core businesses in Q4 worth 4.9 million euros ($5.48 million) . These items will have a 3.4 million euros positive impact on Q4 operating profit .These items do not have an impact on Lemminkäinen's guidance for 2016.  Full Article

Lemminkäinen lowers net sales guidance for 2016
Wednesday, 9 Nov 2016 02:15am EST 

Lemminkainen Oyj : Lowers its net sales guidance for 2016 . Estimates that its net sales in 2016 will be on level of 1.7 billion euros ($1.90 billion) . Says operating profit (IFRS) in 2016 is expected to improve clearly as compared to 2015 .Previously estimated that its net sales in 2016 will be on level of 1.8 billion euros.  Full Article

Lemminkainen Q3 operating result more than double to 42.8 mln euros
Thursday, 27 Oct 2016 01:00am EDT 

Lemminkainen Oyj : Q3 net sales 531.6 million euros ($579.39 million) versus 568.8 million euros year ago . Q3 operating profit 42.8 million euros versus 20.9 million euros year ago . Q3 order inflow 351.4 million euros versus 312.2 million euros year ago .Repeats profit guidance updated for 2016 on 20 October 2016.  Full Article

Lemminkainen to build new service house in Närpiö
Friday, 7 Oct 2016 03:10am EDT 

Lemminkainen Oyj : Builds new service house in Närpiö .Has signed agreement with Samfundet Folkhälsa to build sheltering house in Närpiö centre.  Full Article

Lemminkainen to build residential complex in St Petersburg
Monday, 29 Aug 2016 06:38am EDT 

Lemminkainen Oyj : Says has signed contract on construction of comfort and business class residential complex in St Petersburg in Russia . Complex of six buildings to comprise 936 apartments, underground parking for 720 vehicles and commercial premises . Project will start in Sept. 2016 and is scheduled for completion in June 2019 .Parties have agreed not to disclose value of contract.  Full Article

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