Investors

Outlook and guidance

Outlook for the year 2024 (published February 14, 2024):

According to Honkarakenne's view, the Group's net sales in 2024 will be at the level of the previous year and amount to EUR 43-50 million. The Group's operating profit will be between EUR +/-0.0 and +0.5 million.

Basis for the outlook
The company's outlook of the 2024 development is based on the existing order book, the expectation of challenges in the operating environment and on market development. Uncertainty about the development of the economic situation, high interest rates and weakened availability of financing may negatively affect demand from consumer and professional builders and their decision-making concerning construction, thus creating uncertainty in the starts of new construction projects. In addition, the company sees that the export focus market areas in accordance with the strategy contain potential and support profitable growth.