Lemminkäinen lowers its net sales guidance for 2016

LEMMINKÄINEN CORPORATION  STOCK EXCHANGE RELEASE 9 NOVEMBER 2016 AT 9:15 A.M.

LEMMINKÄINEN LOWERS ITS NET SALES GUIDANCE FOR 2016

Lemminkäinen lowers its net sales guidance for 2016 announced in the updated profit guidance on 20 October 2016.

New profit guidance

Lemminkäinen estimates that its net sales in 2016 will be on the level of EUR 1.7 billion. Operating profit (IFRS) in 2016 is expected to improve clearly as compared to 2015 (EUR 37.3 million).

Previous profit guidance

Lemminkäinen estimates that its net sales in 2016 will be on the level of EUR 1.8 billion. Operating profit (IFRS) in 2016 is expected to improve clearly as compared to 2015 (EUR 37.3 million).

LEMMINKÄINEN CORPORATION
Corporate Communications

ADDITIONAL INFORMATION:
Casimir Lindholm, President and CEO
Tel. +358 2071 53304
casimir.lindholm@lemminkainen.com

Ilkka Salonen, CFO
Tel. +358 2071 53304
ilkka.salonen@lemminkainen.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
Key media
www.lemminkainen.com 

Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and 4,800 professionals we employ, we build a sustainable society. In 2015, our net sales were EUR 1.9 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com