Lassila & Tikanoja Oyj

Ticker/ISIN
LAT1V
FI0009010854
Marknad/Land
Main Market, Helsinki
Sweden

Om Lassila & Tikanoja Oyj

Lassila & Tikanoja, is a Finnish company specialising in environmental management and property and plant management. L&T is operative in Finland and increasingly also in other countries in the Baltic region. L&T's services are split into three divisions: * Environmental Services - covers the collection, transport and treatment of waste and reusable material and the supply of processed recycled materials for reuse. * Property Services - comprises property maintenance and cleaning services. * Industrial Services - specialises in heavy-duty cleaning and damage repair for industry and other types of property that require special expertise.

Senaste sammanfattade pressmeddelande från Lassila & Tikanoja Oyj

Lassila & Tikanoja plc announced that it will release its Financial Statements for 2024 on February 13, 2025, at 8:00 am. The statements will be accessible on the company's website. A conference call and webcast for analysts, institutional investors, and media will be held the same day at 10:30 am Finnish time, hosted by CEO Eero Hautaniemi and CFO Joni Sorsanen. Participants can register for the teleconference to receive access details, and the webcast can be accessed online. Lassila & Tikanoja, a service company focused on the circular economy, operates in Finland and Sweden with 8,160 employees and reported net sales of EUR 802.1 million in 2023. The company is listed on Nasdaq Helsinki.
Lassila & Tikanoja plc's Shareholders’ Nomination Board has made proposals for the 2025 Annual General Meeting, scheduled for March 27, 2025. The Board proposes having eight members on the Board of Directors, with six current members re-elected and two new members, Tuija Kalpala and Anna-Maria Tuominen-Reini, elected. Jukka Leinonen is proposed as Chairman, and Sakari Lassila as Vice Chairman. Laura Lares will not seek re-election. The proposal involves amending the Articles of Association to allow for eight board members. Shareholders representing about 22.1% of shares support the proposal. The remuneration for board members remains unchanged from 2024, with specific amounts for the chairman, vice chairman, and members, and additional fees for committee roles. Part of the remuneration will be paid in company shares. The Nomination Board includes representatives from the company’s largest shareholders and the Chairman of the Board. Lassila & Tikanoja, a service company focused on the circular economy, operates in Finland and Sweden with 8,160 employees and had net sales of EUR 802.1 million in 2023. It is listed on Nasdaq Helsinki.
Lassila & Tikanoja Plc announced a new performance period for its Performance Share Plan, covering 2025-2027, aimed at key employees including the President, CEO, and the Group Executive Board. The plan, established in 2022, consists of three performance periods from 2023 to 2027. The rewards for the 2025-2027 period could amount to the value of approximately 324,578 company shares, including cash payments. Lassila & Tikanoja is a service company focused on the circular economy, operating in Finland and Sweden with around 8,160 employees and 2023 net sales of EUR 802.1 million. The company is listed on Nasdaq Helsinki.
Lassila & Tikanoja Plc announced that it will recognize impairments and make provisions totaling approximately EUR 28 million related to its Swedish facility services business in its Q4 2024 reporting. This decision comes after weaker than expected net sales and operating profit in this sector. An impairment of around EUR 23 million will be recorded in the consolidated goodwill for Facility Services Sweden, reducing its balance sheet value to about EUR 9 million. Additionally, provisions of roughly EUR 5 million will be made for unprofitable customer agreements and disputes, involving two public-sector contracts where future expenses are expected to exceed revenue. These financial adjustments will not affect the company's cash flow, adjusted operating profit, or 2024 guidance. Lassila & Tikanoja is a service company focused on the circular economy, operating in Finland and Sweden with approximately 8,160 employees and 2023 net sales of EUR 802.1 million. The company is listed on Nasdaq Helsinki.
Lassila & Tikanoja plc is planning to potentially separate its circular economy and facility services businesses into two independent listed companies. This decision, made by the Board of Directors, aims to enhance shareholder value by allowing each business to pursue its strategies and growth opportunities more effectively. The planning process for this potential partial demerger is expected to take about 12 months and requires approval from the Extraordinary General Meeting. Additionally, Lassila & Tikanoja is launching an efficiency program in early 2025 to improve performance, targeting an annual improvement of at least EUR 8 million by the end of 2026. This program will focus on simplifying processes and improving procurement and equipment use. Starting January 2025, the company will report its financials in three segments: Circular Economy Business, Facility Services Finland, and Facility Services Sweden. The proposed separation is subject to legal regulations and consultations, and further information will be shared during the process. Lassila & Tikanoja is a service company focused on the circular economy, with operations in Finland and Sweden, employing around 8,160 people, and generating net sales of EUR 802.1 million in 2023.
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.

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Nyhetsuppdatering från Lassila & Tikanoja Oyj

Insiderinformation: Profit Warning: Lassila & Tikanoja updates its guidance for 2024. The operating profit is estimated to remain below the level of the previous year - the adjusted operating profit is estimated to be at the same level or better

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.

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Nyhetsuppdatering från Lassila & Tikanoja Oyj

Nyheter för investerare: Lassila & Tikanoja plc will publish Half-Year Report January-June on 7 August 2024

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.

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Nyhetsuppdatering från Lassila & Tikanoja Oyj

Finansiell kalender: Lassila & Tikanoja's financial information and AGM in 2025

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.

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Nyhetsuppdatering från Lassila & Tikanoja Oyj

Ändring av styrelse/ledning/revisor: Lassila & Tikanoja plans to accelerate strategy execution and renews its Group Executive Board

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.

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Nyhetsuppdatering från Lassila & Tikanoja Oyj

Transaktioner utförda av personer i ledande ställning: Lassila & Tikanoja plc: Managers' transactions - Laura Lares

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.

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Nyhetsuppdatering från Lassila & Tikanoja Oyj

Transaktioner utförda av personer i ledande ställning: Lassila & Tikanoja plc: Managers' transactions - Sakari Lassila

Lassila & Tikanoja Oyj has released a statement regarding a transaction conducted by Sakari Lassila, a member of the board. The transaction involved the receipt of a share-based incentive, with 2146 shares at a unit price of 0 EUR. The notification was classified as an initial notification. Lassila & Tikanoja, a service company focused on the circular economy, operates in Finland and Sweden, employing 8,160 people. In 2023, the company reported net sales of EUR 802.1 million.

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Nyhetsuppdatering från Lassila & Tikanoja Oyj

Transaktioner utförda av personer i ledande ställning: Lassila & Tikanoja plc: Managers' transactions - Pasi Tolppanen

Lassila & Tikanoja Oyj, a service company focused on the circular economy, has released an initial notification regarding a transaction involving Pasi Tolppanen, a member of the board. Tolppanen has received a share-based incentive, receiving 1598 shares at a unit price of 0 EUR. The transaction took place outside a trading venue on May 2, 2024. The company, which operates in Finland and Sweden, reported net sales of 802.1 million EUR in 2023.

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Nyhetsuppdatering från Lassila & Tikanoja Oyj

Transaktioner utförda av personer i ledande ställning: Lassila & Tikanoja Oyj: Managers' Transactions - Juuso Maijala

Lassila & Tikanoja Oyj has issued an initial notification regarding a share-based incentive received by Juuso Maijala, a member of the board. The transaction, which took place outside a trading venue on May 2, 2024, involved 1598 shares at a unit price of 0 EUR. This information was released by Lassila & Tikanoja's General Counsel, Sirpa Huopalainen. The company, which operates in Finland and Sweden, focuses on sustainable service solutions and had net sales of EUR 802.1 million in 2023.

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Nyhetsuppdatering från Lassila & Tikanoja Oyj

Transaktioner utförda av personer i ledande ställning: Lassila & Tikanoja Oyj: Managers' transactions - Jukka Leinonen

Lassila & Tikanoja Oyj, a Finnish service company specializing in circular economy, has announced a share-based incentive received by Jukka Leinonen, a member of its board. The transaction, which took place outside a trading venue, involved 3196 shares at a unit price of 0 EUR. This initial notification was made on 2 May 2024. Lassila & Tikanoja operates in Finland and Sweden, employing 8,160 people, and reported net sales of EUR 802.1 million in 2023. The company is listed on Nasdaq Helsinki.

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Nyhetsuppdatering från Lassila & Tikanoja Oyj

Transaktioner utförda av personer i ledande ställning: Lassila & Tikanoja plc: Managers' Transactions - Anni Ronkainen

Lassila & Tikanoja Oyj has announced a share-based incentive received by Anni Ronkainen, a member of the board. The transaction involved 1,598 shares at a unit price of 0 EUR. The company, which operates in the service sector promoting circular economy, reported net sales of EUR 802.1 million in 2023. It employs 8,160 people in Finland and Sweden and is listed on Nasdaq Helsinki.