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Lehto Group Oyj (LEHTO.HE)

LEHTO.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Lehto Group Updates Outlook For 2017
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Lehto Group Oyj ::UPDATED OUTLOOK IN 2017 LEHTO'S NET SALES IS EXPECTED TO GROW OVER 55% FROM PREVIOUS YEAR (EUR 361.8 MILLION IN 2016).OPERATING PROFIT IS EXPECTED TO BE ABOVE 10% (11.2% IN 2016) OF NET SALES.  Full Article

Lehto Group Q3 operating profit rises to EUR ‍13.5​ mln
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - LEHTO GROUP OYJ :‍ESTIMATES THAT GROUP'S NET SALES FOR 2017 WILL GROW BY 40-50% FROM PREVIOUS YEAR (EUR 361.8 MILLION IN 2016)​.‍2017 OPERATING PROFIT IS EXPECTED TO BE ABOVE 10% OF NET SALES (2016: 11.2%)​.Q3 NET SALES EUR ‍135.8​ MILLION VERSUS EUR 91.6 MILLION YEAR AGO.Q3 OPERATING PROFIT EUR ‍13.5​ MILLION VERSUS EUR 10.4 MILLION YEAR AGO.  Full Article

Lehto Group, Citycon agree on guidelines for development of Lippulaiva shopping centre
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - LEHTO GROUP OYJ :REG-LEHTO GROUP PLC: LEHTO AND CITYCON AGREE ON THE GUIDELINES FOR THE DEVELOPMENT OF LIPPULAIVA SHOPPING CENTRE.‍MAIN CONTRACT THAT HAS NOW BEEN DRAFTED HAS NO IMPACT ON LEHTO'S FINANCIAL OUTLOOK FOR 2017​.  Full Article

Lehto to buy entire share capital of Rakennus Oy Wareco
Monday, 3 Oct 2016 

Lehto Group Oyj : Says to acquire entire share capital of building renovation company Rakennus Oy Wareco . Purchase price of shares on a debt and cash free basis is about 2.6 million euros ($2.9 million) . Exact purchase price will be confirmed as interim financial statements of time of transaction will be finished . Will also pay additional purchase price on basis of profit that Wareco will achieve in 2016, 2017 and 2018 . Purchase price will be paid in cash from Lehto's cash reserves . Acquisition does not have a significant effect neither on profit nor financial position of Lehto in 2016 .Acquisition will not change previous financial outlook for 2016 published by Lehto.  Full Article

Lehto wins contract for construction of accommodation premises
Friday, 26 Aug 2016 

Lehto Group Oyj : Says its unit, Rakennuskartio, has signed contract with joint stock company Concern Titan-2 branch office in Finland to construct accommodation premises for about 1,000 employees at Pyhäjoki's nuclear power plant construction site .Total value of construction contract is about 25.3 million euros ($28.56 million), excluding value-added tax.  Full Article

Lehto Group Q2 operating profit up at EUR 10.0 million
Thursday, 18 Aug 2016 

Lehto Group Oyj : Q2 net sales 78.3 million euros ($88.49 million) versus 46.7 million euros year ago . Q2 operating profit 10.0 million euros versus 1.8 million euros year ago . Sees growth in net sales in 2016 to at least meet growth target of about 10-15 pct, operating profit to be around 8-10 pct of net sales .In H2 sees net sales and operating profit in euros to be higher than in H1.  Full Article

Lehto Group to build office and retail complex at Tikkurila railway station
Wednesday, 29 Jun 2016 

Lehto Group Oyj : Says its unit Rakennusliike Lehto Ltd. is to build office and retail complex at Tikkurila railway station . Value of Lehto Group's building contract is about 26.8 million euros ($29.62 million) .Sponda Plc will be the orderer of the complex.  Full Article

Lehto Group Jan-March operating profit down at EUR 4.0 million
Thursday, 26 May 2016 

Lehto Group Oyj : Jan-March 2016 net sales 62.3 million euros ($69.65 million) versus 50.5 million euros year ago . Jan-March 2016 operating profit 4.0 million euros versus 4.3 million euros year ago . Says operating profit's lower level compared to comparison period is mainly due to low margin housing project being recognized as income in review period and start of some business premises projects shifting to Q2 . In 2016 growth in net sales is estimated to be at least in accordance with average growth target (about 10-15 pct for 2016-2020) .Sees 2016 operating profit to be about 8-10 pct of net sales.  Full Article

Lehto Group: full exercise of over-allotment option
Wednesday, 18 May 2016 

Lehto Group Oyj : Full exercise of over-allotment option in Lehto Group's shares and discontinuation of stabilization period . OP Corporate Bank plc fully exercised over-allotment option granted by certain shareholders of company by purchasing 1.5 million shares in Lehto from selling shareholders .Selling shareholders sold 3.2 million shares in Lehto in IPO including shares sold through exercise of over-allotment option.  Full Article

Lehto Group Oyj IPO successfully completed
Wednesday, 27 Apr 2016 

Lehto Group Oyj:The initial public offering of Lehto Group Plc has been successfully completed.IPO was oversubscribed multiple times.Final subscription price for public offering and institutional offering is 5.10 euros per share.Share price implies a market value of 297 million euros for Lehto Group immediately after IPO.Company issues in total 11,874,705 shares in share issue.In addition, certain shareholders of company sell in total 1,732,340 shares.Osuuskunta PPO has right and obligation to convert a convertible loan into shares in accordance with terms of loan.Company will receive about 60.5 million euros in gross proceeds in ipo before deducting fees and expenses relating to listing and IPO.Company's total number of shares will increase to 58,250,752 shares.  Full Article