The continuing operations of the KH Group performed in line with our expectations, but the performance of the Indoor Group was again weak.

KH Group’s Q4 followed a familiar formula: KH-Koneet and NRG performed well, considering the circumstances, but Indoor Group’s situation deteriorated further. In connection with initiating Indoor’s sales process, KH Group wrote down in full Indoor’s equity and capital loans granted to the company.

Based on KH Group's preliminary data, Indoor Group's Q4 figures were weaker than we expected, but other businesses performed convincingly despite a challenging business environment.