HONKARAKENNE INCREASES ITS PROFIT FORECAST FOR 201
Post# of 301275
HONKARAKENNE OYJ Stock Exchange Release 13 October 2017 at 9:00 a.m.
HONKARAKENNE INCREASES ITS PROFIT FORECAST FOR 2017
Honkarakenne estimates its 2017 result before taxes to be in the black, that is, significantly better than a year before.
Thanks to a good start to the year and the order intake, Honkarakenne estimates that its full-year result will develop better than previously estimated, and therefore Honkarakenne will increase its profit forecast with regard to result before taxes. The better-than-expected development is mainly the result of Honkarakenne's competitive collection, favourable market situation and development programmes carried out in the company.
Honkarakenne's updated outlook: In Honkarakenne’s view, net sales in 2017 will be higher than in the previous year and the result before taxes will be profitable, that is, significantly better than the previous year.
Honkarakenne’s previous outlook was as follows: In Honkarakenne’s view, net sales in 2017 will be higher and the result before taxes will be better than in the previous year.
HONKARAKENNE OYJ
Marko Saarelainen
President and CEO
MORE INFORMATION:
Marko Saarelainen, President and CEO, tel. +358 (0)40 542 0254,
marko.saarelainen@honka.com or
Leena Aalto, Vice President - Finance, CFO, tel. +358 (0)40 769 4590,
DISTRIBUTION
NASDAQ OMX Helsinki Oy
Key media
Financial Supervisory Authority
www.honka.com
Under its Honka® brand, Honkarakenne manufactures high-quality, healthy and ecological detached houses, holiday homes and public buildings using Finnish solid wood. The company has delivered close to 85,000 buildings to more than 50 countries. House packages are made at the company’s own factory in Karstula, Finland. In 2016, the Honkarakenne Group had net sales of MEUR 36.1, of which exports accounted for 49%. www.honka.com
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