Honkarakenne Oyj announce 10 percent increase in sales

Honkarakenne Oyj announce 10 percent increase in sales

Published at: 2018-08-10 10:34 | Author: CIJ Baltics
Honkarakenne Oyj sales rose 10 percent over the first half of 2018 compared to the same period in 2017, hitting €19.7m. The log home producer reports however, that its losses ballooned from €100,000 in the January to June period last year to €700,000. It blamed the poor result on increased spending on marketing and sales as well as deliveries that were pushed in to the last quarter of last year. At the end of June the company's order book was 33 percent higher than a year ago. Marko Saarelainen, President and CEO of Honkarakenne Oyj chose to focus on the positive sales results. "In Finland, net sales saw positive development with year-on-year improvement of 16 per cent." He warned, however, that sales were going slower than expected in Russia and CIS.

Similar Stories:

Housing prices in Hungary’s Balaton average €3,200 per sqm
Housing prices in Hungary’s Balaton region are on the rise. Apartments along Lake Balato  »
ADO Properties S.A.’s operational improvements cap off a strong 2018
ADO Properties, a Berlin residential specialist, strengthened its market position during i  »
With German housing prices on the rise across the country, more and more potential homebuy  »
Czech mortgage rates stabilize at 3%
The upwards spiral of mortgage rates halted in February at least momentarily, with the ave  »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »
Czech Republic  ♦  Round Hill plots European growth
The buildings are located in Helsinki and in regional towns near the south of the country.   »
The 340 apartments, built in a total of nine buildings, have long since sold out as Slovak   »
Emotions are running high on the Romanian residential market where demand is outstripping   »