LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 20 OCTOBER 2016 AT 9:55 A.M. LEMMINKÄINEN’S 2016 RESULT WILL IMPROVE CLEARLY DUE TO THE REIMBURSEMENTS RELATED TO THE ASPHALT CARTEL On 20 October, the Helsinki Court of Appeal has given its decisions in the legal proceedings concerning damages related to the asphalt cartel. Due to the reimbursements, Lemminkäinen updates its profit guidance for 2016 announced on 4 February 2016. New profit guidance Lemminkäinen estimates that its net sales in 2016 will be on the level of EUR 1.8 billion. Operating profit (IFRS) in 2016 is expected to improve clearly as compared to 2015 (EUR 37.3 million). Previous profit guidance Lemminkäinen estimates that its net sales in 2016 will be on the level of EUR 1.8 billion. Operating profit (IFRS) in 2016 is expected to improve as compared to 2015 (EUR 37.3 million). LEMMINKÄINEN CORPORATION Corporate Communications ADDITIONAL INFORMATION: Casimir Lindholm, President and CEO Tel. +358 2071 53304 casimir.lindholm@lemminkainen.com Ilkka Salonen, CFO Tel. +358 2071 53304 ilkka.salonen@lemminkainen.com DISTRIBUTION: Nasdaq Helsinki Ltd Key media www.lemminkainen.com Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and 4,800 professionals we employ, we build a sustainable society. In 2015, our net sales were EUR 1.9 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com
Lemminkäinen’s 2016 result will improve clearly due to the reimbursements related to the asphalt cartel
| Source: Lemminkäinen