KH Group Plc revised earnings guidance for the year 2024. For the year, the company expects net sales to be in the range of EUR 400 million to EUR 420 million against previous guidance range of EUR 400 million to EUR 420 million. Operating profit to be in the range of EUR 12 million to EUR 16 million, including the operating profit from the real estate sale in Estonia, against previous guidance range of EUR 14 million to EUR 16 million, excluding the operating profit of approximately EUR 3.7 million from Indoor Group?s real estate sale in Estonia.

The lowering of the guidance is based on lower-than-expected net sales and operating profit in Indoor Group and KH-Koneet mainly in the first quarter. General market uncertainty, labour union strikes in Finland and the implementation of Indoor Group?s new ERP system have negative impacts on KH Group?s net sales and operating profit.