Investors

Outlook for 2025

According to Honkarakenne's view, the Group's net sales in 2025 will be slightly higher than previous year and amount to
EUR 38-45 million. The Group's operating profit will be between EUR -2.6 and +0.0 million.

Basis for the Outlook

The company's outlook of the 2025 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 in
Finland, interest rates and 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. The company believes that the export market areas defined in the strategy have potential and support profitable
growth.