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 |
Attachments
- Original document
- Permalink
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.