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    LEHTO   FI4000081138

LEHTO GROUP OYJ

(LEHTO)
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Lehto Oyj : Half-Year Financial Report January-June 2021, presentation

08/12/2021 | 04:41am EDT

Half-Year Financial Report

January-June 2021

January - June 2021 in brief

Net sales for January-June declined by 22.3% a year-on-year to EUR

197.6 (254.5) million. Net sales decreased in both service areas due to a reduction in the number of construction projects.

The operating loss was EUR 2.6 million (operating loss of EUR 5.1 million). The decrease in projects with weak margins had a positive effect

on the operating result. The operating result was burdened by high fixed costs in relation to current business volumes and the low profitability of some business premises projects.

The balance sheet position remained good.

The order backlog rose to EUR 501.1 million.

Net sales by service area, EUR million

Service area

1-6/2021

1-6/20201-12/2020

Housing

124.3

166.4

372.9

Business Premises

73.3

88.0

171.7

TOTAL

197.6

254.5

544.7

Net sales by quarter and service area,

EUR million

Housing

Business Premises

250

60

218

54

52

48

49

200

44

44

43

41

39

40

150

35

127

100

98

91

80

79

70

75

71

20

53

50

0

0

1Q19

2Q19

3Q19

4Q19

1Q20

2Q20

3Q20

4Q20

1Q21

2Q21

1Q19

2Q19

3Q19

4Q19

1Q20

2Q20

3Q20

4Q20

1Q21

2Q21

2Q operating result better than in previous year

The operating result in 2Q was -0.8 EUR million

(-1.6 EUR million 2Q/2020)

20

10%

6,0 %

6,6 %

15

5%

The decrease in projects with weak margins had

4,2 %

2,9 %

a positive effect on the operating result.

10

0,0 %

0%

2,3 %

5

-1,2 % -2,2%

-2,1 % -0,7%

-3,0 %

0

-5%

The operating result was burdened by high fixed

-5

-7,9 %

-9,5 %

-10%

costs in relation to current business volumes

-10

and the low profitability of some business

-15%

premises projects.

-15

-14,2 %

-20

2Q18

3Q18

4Q18

1Q19

2Q19

3Q19

4Q19

1Q20

2Q20

3Q20

4Q20

1Q21

-20%

1Q18

2Q21

Operating result,

2,3

11,4

8,2

15,3

- 9,3

- 18,3

- 14,4

0,1

- 3,5

- 1,6

- 2,6

4,9

- 1,8

- 0,8

EUR million

Operating result,

2,3 %

6,0 %

4,2 %

6,6 %

-7,9 %

-14,2

-9,5 %

0,0 %

-3,0 %

-1,2 %

-2,2 %

2,9 %

-2,1 %

-0,7 %

% of net sales

Disclaimer

Lehto Group Oyj published this content on 11 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 08:40:04 UTC.


© Publicnow 2021
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Financials
Sales 2021 447 M 520 M 520 M
Net income 2021 -5,40 M -6,28 M -6,28 M
Net Debt 2021 48,6 M 56,5 M 56,5 M
P/E ratio 2021 -17,9x
Yield 2021 -
Capitalization 93,8 M 109 M 109 M
EV / Sales 2021 0,32x
EV / Sales 2022 0,30x
Nbr of Employees -
Free-Float 52,8%
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Last Close Price 1,08 €
Average target price 1,30 €
Spread / Average Target 20,8%
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Managers and Directors
Juuso Hietanen Chief Executive Officer
Veli-Pekka Paloranta Chief Financial Officer
Hannu Mikael Lehto Chairman
Jarmo Oikarinen Chief Information Officer
Anne Irene Korkiakoski Independent Director
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