Honkarakenne Oyj reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales amounted to EUR 7.3 million against EUR 7.0 million in 2012. Net sales were slightly higher than in the previous year, increase of 4 %. Operating loss was EUR 1.5 million against EUR 2.3 million for the same period a year ago. The operating result changed primarily due to the implementation of efficiency-boosting measures. Operating loss before non-recurring items was EUR 1.5 million against EUR 2.3 million for the same period a year ago. Loss before taxes was EUR 1.3 million against EUR 2.1 million for the same period a year ago. Loss per share amounted to EUR 0.21 against EUR 0.31. Return on equity was negative 8% against 9% for the same period a year ago.

The company reiterates its previous outlook for year 2013 expects its net sales to be at same level than in previous year and the result before non-recurring items and taxes to be close to zero.