Honkarakenne updates its financial guidance for 2023. Honkarakenne Group's net sales in 2023 will fall from the previous guidance and remain at Euro 47–52 million. The Group's operating profit will decrease and remain between Euro -0.5 and +0.8 million.
Higher interest rates, inflation and uncertain economic outlook have dropped the market for prefabricated houses and holiday homes to exceptionally low levels. The construction downturn in all of Honkarakenne’s areas of operation has a negative impact on the company's operations and on the development of the order book. The difficult market situation is expected to continue at least this year and a rapid improvement in the market situation would no longer have a significant impact on the company's result for 2023.
Honkarakenne's half-year financial report for January-June 2023 will be published on 25 August 2023.
Honkarakenne Oyj manufactures high-quality, healthy and ecological log homes, holiday homes and public buildings from Finnish solid wood.
