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Sumuinen metsämaisema

About L&T

Lassila & Tikanoja (L&T) is a Nordic circular economy company helping its customers keep materials in circulation and build a more sustainable society. L&T provides waste management, recycling, hazardous waste management, remediation, industrial and water treatment services.

L&T in numbers 2025

€426.6M

Revenue

2,300

Employees

140,000

Customers

1M+ tonnes

Materials in circulation

61.8%

Customer recycling rate

120+ years

Building the circular economy

L&T aims to unleash the full potential of the circular economy

Lassila & Tikanoja is a leading circular economy company committed to unleashing the full potential of circularity together with its customers and partners. It provides waste management and recycling services, hazardous waste treatment and remediation, as well as industrial and water treatment solutions. By turning waste streams into valuable raw materials, L&T reduces environmental impact and promotes a more sustainable, circular society. The company employs approximately 2,300 people in Finland and Sweden and is listed on Nasdaq Helsinki.

Kierrätysmuovi

Where does the name L&T come from?

L&T is short for Lassila & Tikanoja. The company was named after its founders, Josef Lassila and Frithjof Tikanoja, who started the business in Vaasa in 1905.

Raw potential

Financial targets

Over 6 %

Annual net sales growth
in the mid-term

11 %

Adjusted EBITA margin
in the mid-term

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Harju ja vesistö

Our services move society towards full circularity

Our goal is for recycled raw materials to always be the primary choice instead of virgin materials. We aim to increase the positive climate impact of our operations, reduce emissions from our own activities and supply chain, raise our customers’ recycling rates, and promote biodiversity in the built environment.
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Henkilöstö selkäpuolelta

We make a fair and good working life possible

We think that everyone has the right to a fair and good working life. Ways in which we assume our social responsibility include looking after the work ability of our personnel and offering jobs also to those who are struggling to find employment. We promote diversity and inclusivity in our work community and ensure the implementation of human rights throughout our supply chain.

L&T focuses purely on circular economy services

L&T was demerged into two separate listed companies on 31 December 2025. The circular economy company continues under the Lassila & Tikanoja name and, as a newly listed company, focuses exclusively on circular economy services. L&T's core service areas are waste management and recycling, hazardous waste and remediation services, as well as industrial and water treatment services.