Lassila & Tikanoja’s Capital Markets Day will focus on the company’s renewed strategy
23 November 2023 - 5:30PM
Lassila & Tikanoja’s Capital Markets Day will focus on the
company’s renewed strategy
Lassila & Tikanoja plc Investor news 23 November 2023 at
8:30 a.m.
Lassila & Tikanoja’s Capital Markets Day will focus
on the company’s renewed strategy
Today, from 9:00 to 12:30 EET, Lassila & Tikanoja is
organising a Capital Markets Day for investors, analysts and
representatives of banks and the media. At the event, Lassila &
Tikanoja’s President and CEO Eero Hautaniemi and other members of
the Group Executive Board will provide up-to-date information about
the company’s business operations, renewed strategy and plan for
achieving the confirmed financial targets.
Growth from circular economy business
The Environmental Services and Industrial Services divisions are
seeking new growth especially by investing in the circular economy
of materials. Growth will be sought from business development and
potential complementary acquisitions.
The Environmental Services division’s strong market position,
broad customer base and significant material volumes provide a good
basis for growing the materials business. As for material streams,
the division will continue to focus on plastic, wood waste and
metals, but opportunities related to other streams are also being
explored.
In the Industrial Services division, new business opportunities
are emerging around the processing and value increase of industrial
flows, as well as the restoration of the built environment. Growth
is also sought in the Swedish market in industrial services and
material value chains.
Facility Services Finland and Facility Services Sweden will
focus on improving profitability. In October 2023, Lassila &
Tikanoja announced that the company’s Board of Directors had
decided to evaluate the strategic alternatives for Facility
Services Finland and Facility Services Sweden as part of the
company’s business portfolio development. The sale of operations is
one possible option.
“To slow climate change and biodiversity loss, society and
companies must take circular economy action, and this provides
opportunities for L&T’s business. We will focus on improving
profitability and building growth in the circular economy of
materials. By moving forward in the materials value chain, we can
create value for both our customers and our shareholders,” says
Eero Hautaniemi, President and CEO of Lassila &
Tikanoja.
Long-term financial targets remain the same
Financial targets
Indicator |
Target |
|
|
Annual growth in net sales, % |
5% |
Return on investment, % (ROI) |
15% |
Gearing, % |
Less
than 125% |
Lassila & Tikanoja does not consider the long-term financial
targets as guidance for any fiscal year.
Sustainability and stakeholder targets
Measure |
Target |
|
|
Net Promoter Score, NPS |
>50 by 2026 |
Employee Net Promoter Score, eNPS |
>50 by 2026 |
Carbon footprint |
-50%
by 2030, using 2018 as the baseline |
In October 2023, L&T updated its environmental
sustainability target. The target is to halve the emissions of our
own operations by 2030 from the level in 2018 and to reduce
indirect (Scope 3) emissions by 18% by 2030 from the level in 2022.
The company has set itself a net-zero emissions target by 2045.
Sustainability and stakeholder measures are reported as part of
the Group’s quarterly and annual reporting.
Follow Capital Markets Day online
The event can be followed through a webcast open to everyone at
https://lassila-tikanoja.videosync.fi/cmd-2023. A recording of the
webcast will be available at the same address soon after the
event.
The presentation materials will be available on Lassila &
Tikanoja’s website at www.lt.fi/cmd2023 when the event
begins. Questions can be presented to the management, also via
the webcast.
Eero Hautaniemi
President and CEO
For additional information, please contact:
Eero Hautaniemi, President and CEO, tel. +358 10 636 2810
Lassila & Tikanoja is a service company that is making the
circular economy a reality. Together with our customers, we keep
materials and properties in productive use for as long as possible
and we enhance the use of raw materials and energy. This is to
create more value with the circular economy for our customers,
personnel and society in a broader sense. Achieving this also means
growth in value for our shareholders. Our objective is to
continuously grow our actions’ carbon handprint, our positive
effect on the climate. We assume our social responsibility by
looking after the work ability of our personnel as well as offering
jobs to those who are struggling to find employment, for example.
L&T operates in Finland and Sweden. In 2022, the company’s net
sales amounted to EUR 844.1 million, and it employed around 8,300
persons. L&T is listed on Nasdaq Helsinki.
Distribution:
Nasdaq Helsinki Major media www.lt.fi/en/
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