HONKARAKENNE OYJ Stock Exchange Release 4 January 2013 at 11:45 a.m.
CHANGE TO HONKARAKENNE OYJ’S FINANCIAL GUIDANCE
Honkarakenne changes its market guidance as concerns profit.
It is Honkarakenne’s view that the profit before taxes in 2012 will be significantly lower than the previous year.
The reason for change in the market guidance is the today’s conclusion of negotiations under the act on co-operation negotiations launched 8 November 2012. Due to co-operation negotiations Honkarakenne will enter 3.5 million euros non-recurring costs and write-offs for 2012, of which 2.0 million euros are write-offs of fixed assets and 1.5 million euros are provision costs for dismissals.
Profit before taxes without non-recurring items will be lower than the previous year.
Honkarakenne’s previous guidance was the following: Honkarakenne’s view is that the net sales and profit before taxes in 2012 will be lower than the previous year.
HONKARAKENNE OYJ
Mikko Kilpeläinen
President and CEO
Further information:
President and CEO Mikko Kilpeläinen, tel. +358 50 542 5884 mikko.kilpelainen@honka.com
or CFO Mikko Jaskari, tel. +358 400 535 337, mikko.jaskari@honka.com
DISTRIBUTION
Nasdaq OMX Helsinki Oy
Key media
Financial Supervisory Authority
www.honka.com