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Kalliomaisema

Economic Data

Read about L&T's economic data and financial position.

Financial Targets

L&T's financial goals are related to revenue growth, return on invested capital and net debt ratio.

Indicator Target 2026
Growth in net sales, % 5 %
return on investment, % (ROI) 15 %
Gearing, % Less than 125 %

Sustainability and Stakeholder targets

The following long-term sustainability and stakeholder targets have been pursued alongside the financial targets.

Indicator Target
Net Promoter Score, NPS > 50 by 2026
Employee Net Promoter Score, eNPS > 50 by 2026
Carbon footprint Own operations: -50% by year 2030 in relation to year 2018. Net zero by 2045 including both own operations and value chain.

Financial reports

Financial position and financial arrangements

The main objectives of L&T’s Group Treasury are to ensure a sufficient and cost-efficient financing at all times and the management of financial risks. The principals of L&T’s treasury operations and financial risk management are defined in Treasury Policy approved by the Board of Directors.

Funding programmes

  • Commercial paper programme: of a commercial paper programme EUR 100.0 million was not in use at the end of the period (15.0).
  • As in the comparison period, the committed limit totalling EUR 40.0 million was not in use.
  • Banks: Nordea, OP and Danske Bank
  • Unsecured bonds: EUR 75.0 million, maturing on 19 May 2028.

Bonds

Lassila & Tikanoja plc issued in May 2022 senior unsecured sustainability-linked notes in the amount of EUR 75 million, maturing on 19 May 2028. The notes will bear a fixed annual interest at the rate of 3.375 per cent. The notes were listed on the official list maintained by Nasdaq Helsinki Ltd as of 24 May 2022.

Lassila & Tikanoja plc issued in September 2018 senior unsecured notes in the amount of EUR 50 million, maturing 17 September 2023, and carrying a fixed coupon interest rate of 1.250 per cent per annum (the “2023 Notes”). The 2023 Notes were listed on the official list maintained by Nasdaq Helsinki Ltd on or about 19 September 2018.

The 2019 Notes and 2023 Notes are together referred to as the Notes.

Disclaimer

PLEASE READ THE FOLLOWING DISCLAIMER CAREFULLY BEFORE DECIDING WHETHER TO CLICK ON THE LINK BELOW.

The information available on the following website does not constitute a public offer of securities of any kind.

The legislation of certain countries may restrict the distribution of the information on the following website. The information on the following website or other information related to the Notes or their listing may not be distributed in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or such other countries or otherwise in such circumstances in which such distribution would be unlawful or otherwise not permitted.

The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or by any state official in the U.S. The Notes may not be offered or sold, or otherwise directly or indirectly distributed into the United States or to any U.S. person (as such terms are defined in Regulation S under the Securities Act) or on their behalf.

In the United Kingdom information may be distributed only to (a) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (b) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any person who is not a relevant person should not act or rely on the documents available on this website or any of its contents.

I have read and understood the foregoing restrictions. I hereby represent and confirm that my domicile is not and I am currently not located in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any other jurisdiction where distribution or publication of the foregoing information is not compliant with local legislation and that I am not a U.S. person.

By clicking on the "Accept" link below to view documents available, you will be deemed to have read, accepted and understood the foregoing disclaimer. If you press "Deny", you will return to the beginning of this page. 

Sustainability-Linked Bond Framework

Lassila & Tikanoja Plc has launched a Sustainability-Linked Bond Framework. The financial characteristics of the notes are linked to the achievement of two Sustainability Performance Targets, namely reducing GHG emissions from L&T’s own operations (scope 1 and 2) and contractors’ fuel consumption for transportation (scope 3).

The Sustainability-Linked Bond Framework has been reviewed by Sustainalytics, a second opinion provider, confirming the alignment with the Sustainability-Linked Bond Principles published by ICMA. Sustainalytics consider the Sustainability Performance Targets in the framework to be ambitious and the related Key Performance Indicators to be strong, also due to the direct emission target having been validated by the Science Based Target initiative (SBTi).

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NEW NOTES (AS DEFINED BELOW), THE TENDER OFFER (AS DEFINED BELOW) OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Financial risk management

The principles for L&T’s financial risk management are defined in the financial policy approved by the Board of Directors. The purpose of financial risk management is to mitigate significant financial risks and strive to reduce the effects of the unfavourable fluctuations in the financial market on the Group’s result.

The Group’s financing and liquidity management are handled centrally at the Group’s financial management managed by the CFO. Transactions related to financial risk management are carried out by Group’s financial management.