DESTIA UPDATES ITS MARKET GUIDANCE FOR 2015 REGARDING THE OPERATING PROFIT
Destia Group Plc
Stock Exchange Release 23.11.2015, 9:00 am (CET +1)
Destia updates its market guidance for 2015
Destia Group updates its earlier market guidance regarding the operating profit, disclosed in interim report for the third quarter of 2015 on 27 October 2015. On 23 November 2015, Destia and Mitta Oy signed a contract concerning business transaction, according to which Destia relinquishes its survey, drilling and laboratory services to Mitta. The transaction has a positive impact on the Group’s operating profit in 2015. A separate Stock Exchange Release of the sale has been disclosed today.
Destia’s revenue in 2015 is forecasted to grow slightly but operating profit is forecasted to fall slightly from the previous year in 2014. Previously Destia estimated that operating profit falls significantly from the previous year in 2015.
NEW MARKET GUIDANCE: Destia’s revenue is forecasted to grow slightly and operating profit is forecasted to fall slightly from the previous year in 2015.
PREVIOUS MARKET GUIDANCE: Destia’s revenue is forecasted to grow slightly but operating profit is forecasted to fall significantly from the previous year in 2015.
Destia will publish its financial statements for 2015 on 11 February 2016.
DESTIA GROUP PLC
Board of Directors
President & CEO Hannu Leinonen, tel. +358 20 444 4000 and CFO Pirkko Salminen, tel. +358 50 302 2485
NASDAQ OMX Helsinki
Destia is a Finnish infrastructure and construction service company. We build, maintain and design traffic routes, industrial and traffic environments, as well as complete living environments. Our services cover the whole spectrum, from comprehensive over ground operations to subterranean construction. In 2014 the revenue of the Destia Group was over €430 million. Destia employs about 1,500 people.