Lehto Group Plc
Stock exchange release
December 31, 2021 at 9.00 a.m. (EET)
Lehto Group Plc discontinues business in Sweden. The reason for termination is
the company’s need to focus on competitiveness in Finland and the low volume of
Swedish business.
During years 2017-2020 Lehto has executed two construction projects in Sweden
and developed residential projects. During years 2020-2021 Lehto has focused on
developing a factory-made wooden apartment house concept for Swedish markets and
prepared a pilot project. The outputs from the development work can be utilized
in wooden apartment house business in Finland.
The termination does not have significant effects on Lehto’s profits or
financial position in years 2021-2022.
Further information:
Juuso Hietanen
CEO
Tel. +358 50 343 4023