In January-June 2016 Honkarakenne Group's net sales were Euro 14.5 million, down 18 % on the corresponding period of the previous year, as the company said in the press release received by Lesprom Network.
The adjusted operating loss for the January-June period was Euro 1.9 million, the operating loss was Euro 2.1 million and the result before taxes was Euro 2.5 million.
Marko Saarelainen, President and CEO of Honkarakenne Oyj, in connection with the half year financial report: “After the difficult 1Q, the sales trend in Finland has been favourable. Turbulence in the Russian market is continuing and the trend in net sales and profitability has been negative. In Global Markets, the sales trend has been weak due to the scarcity of project sales. The Group’s net sales fell short of the previous year. At the end of the review period, the order book was at a higher level that in the previous year.
Outlays on marketing and collections in Finland started to have a positive impact in the review period now ended. Honkarakenne has benefited from the recovery of the Finnish market.
We have expanded our sales strength and we will continue the development of distribution networks, as well as invest in project sales in all markets.”
Honka is a global pioneer in modern log building technology.