Lemminkäinen - Company Announcement

Lemminkäinen changes its profit guidance for 2013

LEMMINKÄINEN CORPORATION   STOCK EXCHANGE RELEASE  19 APRIL 2013 AT 9.30 A.M.


LEMMINKÄINEN CHANGES ITS PROFIT GUIDANCE FOR 2013

Lemminkäinen is lowering its full-year profit guidance that was issued in
February in conjunction with the publication of Lemminkäinen's 2012 Financial
Statements bulletin. Lemminkäinen estimates that its net sales and operating
profit for 2013 will remain at the same level as in 2012.  Lemminkäinen's
previous profit guidance estimated that its net sales would remain at the same
level as in 2012, and that its operating profit would improve on 2012. In 2012,
the company's net sales totalled EUR 2,268 million and its operating profit EUR
50 million. 

In St Petersburg, delays in authorities' permit processing have further
postponed the start of new residential projects. Lemminkäinen estimates that
the project scheduled for completion this year will not be recognised as income
in 2013. 

In Lemminkäinen's main markets in Northern Europe, the launch of the paving
season has been delayed by an average of six weeks. The order intake has been
good, but there have been delays in starting work. Lemminkäinen's result for
the January-March period will fall noticeably short of the 2012 comparison
period. 

Lemminkäinen has also decided to divest part of its telecommunications
business. The company expects to recognise a loss of about EUR 6 million from
the divestment in 2013, of which about half was recognised during the first
quarter. 

Although the EUR 50 million efficiency programme that Lemminkäinen has launched
in Finland and the corrective measures initiated in Norway are progressing
according to the plan, the effects are not expected to compensate for the
above-mentioned weaker performance. 

Lemminkäinen's Interim Report for January-March 2013 will be published on
Wednesday, 8 May 2013. A briefing for the media, analysts and investors will be
arranged in conjunction with the interim report. 


LEMMINKÄINEN CORPORATION
Corporate Communications


ADDITIONAL INFORMATION:
Timo Kohtamäki, President & CEO
tel. +358 2071 53263
timo.kohtamaki@lemminkainen.com

Robert Öhman, Chief Financial Officer
tel. +358 2071 53515
robert.ohman@lemminkainen.com


DISTRIBUTION:
NASDAQ OMX Helsinki
Key media
www.lemminkainen.com

Lemminkäinen Group operates in all areas of the construction sector. The
Group's business segments are building construction, infrastructure
construction, technical building services and international operations. Net
sales in 2012 were about EUR 2.3 billion, of which international operations
accounted for roughly 40 per cent. The Group employs an average of 8,200
people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic
Exchange Helsinki. www.lemminkainen.com