January 12, 2018 / 10:11 AM / 9 months ago

BRIEF-SRV Revises Timetable And Value Of Project In Tampere

Jan 12 (Reuters) - SRV YHTIOT OYJ:

* IMPLEMENTATION OF SRV-DEVELOPED CENTRAL DECK AND ARENA PROJECT IN TAMPERE CONFIRMED

* ‍PROJECT’S TIMETABLE AND TOTAL VALUE HAVE BEEN REVISED DURING PLANNING​

* ‍ACCORDING TO CURRENT TIMETABLE PLAN, WHOLE PROJECT WILL BE COMPLETED IN 2024.​

* ‍S TOTAL VALUE HAS BEEN REVISED TO APPROXIMATELY EUR 550 MILLION

* ‍VALUE OF SHARE OF PHASE 1 AGREEMENTS ENTERED INTO SRV’S ORDER BACKLOG IN 2017 IS ABOUT EUR 210 MILLION​

* ‍REVENUE RECOGNITION FOR PHASE 1 OF PROJECT WILL ALLOCATED IN YEARS 2018-2022​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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