Here are Ate’s comments on Honkarakenne’s negative profit warning announced yesterday.
Honkarakenne issued a profit warning on Thursday and lowered its financial guidance for 2025. The reason behind the lowered guidance is the postponement of deliveries from late 2025 to 2026 due to the prolonged permit and financing conditions of customers. The new guidance falls short of our previous forecasts, which creates downward pressure on our 2025 estimates. The impact of the profit warning on our view is limited, as the current year is in any case a transitional year for Honkarakenne. The postponement of deliveries to next year also supports our expectations of improved profitability. We will update the company’s forecasts shortly.