Honkarakenne Group’s net sales for the FY 2016 decreased by 8% to Euro 36.1 million, compared Euro 39.1 million, as the company said in the press release received by Lesprom Network.
The Group’s order book stood at Euro 16.3 million at the end of December. In the previous year at the same time period it was Euro 15 million. The operating loss for the year 2016 was Euro -0.8 million and the result before taxes was Euro -1.2 million. The adjusted operating profit for FY 2016 was Euro -0.4 million and the adjusted result before taxes was Euro -0.8 million.
Net sales for the 4Q 2016 improved by 4%. The result before taxes for the last quarter was Euro 0.4 million. 4Q 2016 operating result was Euro 0.3 million. The adjusted operating result was Euro 0.4 million.
Marko Saarelainen, President and CEO of Honkarakenne Oyj, said: “In the last quarter, sales in Finland declined, but sales in Russia saw a year-on-year increase. In addition, the sales trend was positive in Global Markets in the last months of the year. On the whole, net sales in the fourth quarter grew compared with the previous year, and at the end of the review period the order book was also at a higher level than in 2015.
In the last quarter, Honkarakenne continued to make outlays on renewal and training its dealer network: new dealers came on board and we organised product and marketing training for dealers in Europe and Russia.”
Finnish Honka is one of the largest world producers of wooden houses.
