Vaahto Group Plc Oyj - Company Announcement

VAAHTO GROUP LOWERS ITS 2014 FORECAST

Helsinki, Finland, 2014-07-31 15:30 CEST (GLOBE NEWSWIRE) -- VAAHTO GROUP PLC
OYJ STOCK EXCHANGE RELEASE 31.7.2014 at 16.30 

VAAHTO GROUP LOWERS ITS 2014 FORECAST

Vaahto Group lowers its 2014 forecast. In the Interim Management Statement,
published on 16.5.2014, the operating profit of the continuing operations was
expected to be positive for the fiscal year 2014. The latest management
estimation is that the operating profit of the continuing operations will be
negative for the fiscal year 2014. 

The main reasons are the delay in the positive development of the order book
and the slower improvement of the market situation than earlier predicted.
Additionally, the costs related to the re-organization of the group structure
have an effect on the estimate. Due to the classification of the continuing and
discontinuing operations, the allocation of the group's overhead costs affects
the continuing operations more than estimated. The group is currently adjusting
its administrative costs, but the changes made to the cost structure will
generate savings later than earlier anticipated. 

Vaahto Group will publish an Interim Report covering six months of operations
on August 22, 2014. 



In Lahti 31.7.2014

VAAHTO GROUP PLC OYJ

The Board of Directors




         For further information:
         Vesa Alatalo
         CEO, Vaahto Group Plc Oyj
         Tel. +358 40 726 8923