Honkarakenne's 3Q net sales amounted to Euro 11.3 million (Euro 11.6 million in the previous year) representing a decrease of 3% year-on-year, as the company said in the press release received by Lesprom Network.
The operating result improved by Euro 1 million to Euro 1 million. In the 3Q no adjustment items affecting comparability were recognised.
Marko Saarelainen, President and CEO of Honkarakenne Oyj, said: “In the 3Q the trend in pre-sales in Finland was significantly better than in the previous year. The market uncertainty in Russia reminded almost unchanged and that appeared in poor development of pre-sales. However, the net sales in Russia developed positively during the report period. In Global Markets, the sales trend has been weaker than expected due to the scarcity of project sales. As a whole the Group’s net sales in the 3Q fell short of the previous year. At the end of the review period, the order book was at a higher level than in the previous year.”
Cumulative net sales in the January-September period were Euro 25.8 million, a decline of 12% from the previous year.
The adjusted operating loss for the January-September period was Euro -0.9 million, the operating loss was Euro -1.1 million and the result before taxes was Euro -1.6 million.
Adjustment items include Euro 0.2 million in costs related to the efficiency-boosting programme kicked off in May, in the 3Q no adjustment items affecting the comparability were recognised. The development of the operating result was negatively impacted by the year-on-year decline in net sales.
Honkarakenne Ltd. is a global pioneer in modern log building technology, with roots planted firmly in Finland.
