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Lemminkainen Oyj Lowers FY 2013 Profit Guidance


Thursday, 18 Jul 2013 01:30am EDT 

Lemminkainen Oyj announced that the Company has decided to lower its fiscal year 2013 profit guidance. On the basis of the order book and the short-term outlook for demand, The Company now expects its net sales in the fiscal year 2013 to be on a par with 2012. Operating profit for 2013 is expected to fall short of 2012. In 2012, Lemminkainen's net sales totaled EUR 2,268 million and its operating profit amounted to EUR 50 million. Previously, the Company estimated its net sales and operating profit for the fiscal year 2013 to remain at the same level as in 2012. According to I/B/E/S Estimates analysts on average are expecting Lemminkainen to report revenue of EUR 2,308.05 million and EBIT of EUR 53.56 million for the fiscal year 2013. 

Company Quote

11.18
0.24 +2.19%
17 Apr 2015