Finland: Lemminkäinen's sales, profit up in Q3/2013

The Finnish construction and infrastructure company, 4438 Lemminkäinen, has reported net sales of €751.0 million in the third quarter of 2013, which was up from €716.6 million a year earlier.

The company's quarterly operating profit amounted to €61.8 million, which was up from €40.4 million over a year.

The operating margin was 8.2% in the third quarter of 2013, which was up from 5.6% a year earlier.

In the first nine months of 2013, Lemminkäinen's net sales totalled €1,578.7 million, a decrease from €1,599 million in the same period of 2012.

The company's operating profit amounted to €11.2 million, which was down from €26.4 million in the first nine months of 2012. Lemminkäinen's operating margin in the nine-month period was 0.7%, which was down from 1.7% a year earlier.

Lemminkäinen expected its net sales in 2013 to be on a par with 2012 but its operating profit in 2013 to fall short of 2012.