Suomen Hoivatilat Plc

Stock Exchange Release, 7 February 2018, at 8:00 a.m. (EET)

Premilinary information on Suomen Hoivatilat's 2017 financials: revenue and operational result higher than expected

Updated outlook February 7, 2018:

Suomen Hoivatilat Plc expects its total revenue to reach approximately 12,4 million euros in 2017. The operational result is estimated to be approximately 5,4 million euros. The fair value of the investment properties at the end of 2017 is estimated to be approximately 247 million euros.

Previous outlook reported in January-September 2017 business review report (November 8, 2018):

The company expected its total revenue to reach at least 12 million euros in 2017. The operational result was estimated to be five million euros. The fair value of the investment properties at the end of 2017 was estimated to be at least 240 million euros.

Publishing of Suomen Hoivatilat's Financial Statement Release for 2017 on 13 February 2018

Suomen Hoivatilat's Financial Statement Release for 2017 will be published on Tuesday, 13 February 2018, at 8.00 am (Finnish Time, EET). The stock exchange release an materials in Finnish and English will be published at that time on the company's website at www.hoivatilat.fi/en/investors

SUOMEN HOIVATILAT PLC

Jussi Karjula, CEO

Further information:
Suomen Hoivatilat Plc, Jussi Karjula, CEO, jussi.karjula@hoivatilat.fi, tel. +358 40 773 4054

Hoivatilat in brief:

Suomen Hoivatilat specialises in producing, developing, owning and leasing out daycare centre and nursing home premises, service blocks and schools. Hoivatilat was established in 2008 and cooperates with around 50 Finnish municipalities. It has completed over 100 real estate projects throughout Finland. The company was listed on Nasdaq OMX Helsinki on 1 March 2017.