Pressmeddelanden, rapporter och bolagsmeddelande för Lassila & Tikanoja Oyj

Lassila & Tikanoja plc released its interim report for January to September 2024, highlighting a solid profit performance despite challenging economic conditions. The company's net sales for the third quarter were EUR 192.3 million, a decrease from EUR 200.9 million the previous year, with an adjusted operating profit of EUR 20.0 million. The company expects net sales and operating profit for 2024 to remain at or above the previous year's levels. In Finland, business operations performed well, with Facility Services Finland showing improved results due to strong demand for data-driven services and cost structure streamlining, despite a reduction in staff. However, Facility Services Sweden faced challenges after losing a significant customer, resulting in decreased net sales and operating profit. The company is working on simplifying operating models and adapting cost levels in Sweden. Industrial Services experienced strong demand in hazardous waste and process cleaning, while Environmental Services faced reduced demand in the construction sector. The company is focusing on efficiency improvements and adapting to market conditions. Financially, net cash flow from operating activities decreased, impacted by acquisitions and working capital tied up. The company maintained a stable equity ratio and gearing ratio, with dividends of EUR 0.49 per share distributed for 2023. Capital expenditures were primarily on machinery and information systems. Sustainability efforts showed positive developments in carbon footprint reduction and safety measures. The company is also undergoing strategic reviews for its Facility Services divisions in Finland and Sweden to enhance growth in circular economy operations. Lassila & Tikanoja is proceeding with its strategy to support circular economy business growth and has made leadership changes in its executive board. The company announced the acquisition of Stena Recycling Oy's pallet business, pending regulatory approval, and continues to address risks such as economic uncertainty, cost changes, and geopolitical tensions.

Lassila & Tikanoja plc announced that it will release its Interim Report for January-September 2024 on Friday, 25 October 2024, at 8:00 am. The report will be available on the company's website. A webcast for analysts, investors, and media will be held at 10:30 am EET the same day, hosted by CEO Eero Hautaniemi and CFO Joni Sorsanen. Interested parties can register for the teleconference or access the audio webcast through provided links. Lassila & Tikanoja is a service company focused on the circular economy, operating in Finland and Sweden with 8,160 employees and net sales of EUR 802.1 million in 2023. It is listed on Nasdaq Helsinki.

Lassila & Tikanoja plc announced the composition of its Nomination Board for 2024. The board includes representatives from the company's three largest shareholders: the Evald and Hilda Nissin Säätiö foundation, a group of shareholders led by Chemec Oy, and the Nordea Nordic Small Cap Fund. Jukka Leinonen, Chairman of Lassila & Tikanoja's Board of Directors, is the fourth member, and Juhani Lassila is the Chairman of the Nomination Board. The board is responsible for preparing proposals for board members and remuneration for the next Annual General Meeting. Lassila & Tikanoja is a service company focused on the circular economy, employing 8,160 people, with net sales of EUR 802.1 million in 2023. The company is listed on Nasdaq Helsinki.

Lassila & Tikanoja plc announced a change in shareholding on 26 August 2024, as per Chapter 9, Section 10 of the Finnish Securities Market Act. Protector Forsikring ASA notified that its holding in Lassila & Tikanoja exceeded 5 percent on 23 August 2024, reaching 1,940,005 shares and votes, which constitutes 5.0002% of the company’s total shares and voting rights. Lassila & Tikanoja, a service company focused on the circular economy, operates in Finland and Sweden with around 8,160 employees and reported net sales of EUR 802.1 million in 2023. The company is listed on Nasdaq Helsinki. For more information, contact Hilppa Rautpalo, General Counsel and Senior Vice President, Human Resources.

Lassila & Tikanoja plc released its half-year financial report for January to June 2024, noting an increase in adjusted operating profit, driven by improvements in Industrial Services and Facility Services Finland. Net sales for the period were EUR 384.2 million, a 4.0% decrease year-on-year, impacted by a challenging business environment and political strikes in Finland. Adjusted operating profit rose to EUR 12.7 million from EUR 10.6 million in the previous year. The company expects net sales and adjusted operating profit for 2024 to be at the same level or better compared to the previous year. Key highlights include: - Net sales for Q2 2024 were EUR 199.2 million, a 4.0% decrease year-on-year. - Adjusted operating profit for Q2 was EUR 12.7 million, up from EUR 9.2 million. - Net sales increased in Industrial Services but decreased in Environmental Services and Facility Services. - The company's financial performance was negatively affected by rising net financial expenses. - The company maintained strong demand in Industrial Services and improved operating profit in Facility Services Finland. - Facility Services Sweden faced challenges due to the loss of a significant customer relationship. - The company reported a decrease in net cash flow from operating activities and an increase in net interest-bearing liabilities. - The equity ratio stood at 34.6%, with a gearing ratio of 89.3%. The report also detailed sustainability efforts, including a reduction in the accident frequency indicator and ongoing investments in occupational safety. The company has made changes to its Group Executive Board and continues to evaluate strategic alternatives for its Facility Services divisions. Near-term risks include economic uncertainty, rising costs, and the impact of geopolitical situations.

Lassila & Tikanoja plc has issued a profit warning, updating its guidance for 2024. The company now estimates that its operating profit for 2024 will be below the previous year's level due to expenses related to strategic measures, though the adjusted operating profit is expected to be at the same level or better. These expenses, primarily external advisory costs, are classified as items affecting comparability and do not impact the adjusted operating profit. The company plans to focus on its circular economy business and has updated its outlook accordingly: net sales for 2024 are expected to be similar to the previous year, with the adjusted operating profit at the same level or better. Lassila & Tikanoja will release its Half-year Financial Report on 7 August 2024. The company operates in Finland and Sweden, employs around 8,160 people, and had net sales of EUR 802.1 million in 2023. It is listed on Nasdaq Helsinki.

Lassila & Tikanoja plc will release its Half-Year Report for January-June on Wednesday, 7 August 2024, at 8:00 am. The report will be available on the company's website. A webcast for analysts, investors, and media will be held at 10:30 am EET on the same day, hosted by CEO Eero Hautaniemi and CFO Joni Sorsanen. The presentation material will also be published on the website. Interested parties can join the teleconference by registering online. Lassila & Tikanoja, a company focused on the circular economy, operates in Finland and Sweden, employs 8,160 people, and reported net sales of EUR 802.1 million in 2023. The company is listed on Nasdaq Helsinki.

Lassila & Tikanoja plc announced its schedule for disclosing financial information in 2025. The key dates are: - Financial Statements Release 2024: 13 February 2025, 8.00 am - Interim Report January – March: 29 April 2025, 8.00 am - Half-year Report January – June: 7 August 2025, 8.00 am - Interim Report January – September: 29 October 2025, 8.00 am The Annual Report 2024 will be available on their website in week 10, and the Annual General Meeting is tentatively set for 27 March 2025, with final confirmation by the Board of Directors pending. Lassila & Tikanoja is a service company focused on the circular economy, aiming to enhance resource and energy use, and is listed on Nasdaq Helsinki. The company operates in Finland and Sweden, employing 8,160 people, with net sales of EUR 802.1 million in 2023. For more information, contact Hilppa Rautpalo at +358 10 636 2810.

Lassila & Tikanoja plc announced plans to accelerate its strategy execution and renew its Group Executive Board, in a bid to strengthen the growth of its circular economy business. The new board will assume their roles on 16 May, 2024, with Eero Hautaniemi continuing as CEO. Current board member Mikko Taipale will remain with the company but will no longer be part of the board. Petri Salermo, who leads Environmental Services, and General Council Sirpa Huopalainen will leave the company effective 16 May, 2024. The company plans to start immediate planning for a new operating model, aiming to complete planning by Autumn 2024. Changes in the board's composition will not affect the company's reporting segments.

Lassila & Tikanoja Oyj has announced that Laura Lares, a member of the board, has received a share-based incentive. The transaction involved 1598 shares, each with a unit price of 0 EUR. The transaction took place on May 2, 2024. Lassila & Tikanoja is a service company focused on the circular economy, with operations in Finland and Sweden, employing 8,160 people. In 2023, the company reported net sales of EUR 802.1 million.