Vaahto Group Plc Oyj Issues Profit Warning
VAAHTO GROUP PLC OYJ STOCK EXCHANGE RELEASE 27.3.2009 at 14.00
VAAHTO GROUP PLC OYJ ISSUES PROFIT WARNING
The profit of the Vaahto Group for the first half of the fiscal year 1.9.2008 – 31.8.2009 will be weaker than expected. The consolidated turnover from the period 1.9.2008 – 28.2.2009 was appr. 32.3 million euros (41.8 million euros from the corresponding period in the previous fiscal year) and operating loss appr. 2.8 million euros (operating profit 0.2 million euros from the corresponding period in the previous fiscal year).
The results of the projects included in the Group’s order book will be entered in the accounts mainly in the latter part of the current fiscal year. The profit for the latter half of the fiscal year is expected to be better than for the first half, but, however, the operating profit for the whole fiscal year is estimated to be negative.
According to the previous announcement, Vaahto Group will issue a six-month interim report on April 17, 2009.
Lahti, March 27, 2009
VAAHTO GROUP PLC OYJ
Board of Directors
CEO, Vaahto Group Plc Oyj
tel. +358 40 8232835