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Lassila & Tikanoja plc: Comparable figures for 2012 based on the new business structure

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Helsinki, Finland, 2013-03-25 08:00 CET (GLOBE NEWSWIRE) --
Lassila & Tikanoja plc   Stock exchange release   25 March 2013 9.00 am

In a release published on 7 September 2012, Lassila & Tikanoja plc announced that as of 1 January 2013 its business
operations are regrouped into four divisions: Environmental Services, Industrial Services, Facility Services and Renewable Energy Sources (L&T Biowatti). The Industrial Services division was separated from the Environmental Services division and Cleaning and Office Support Services and Property Maintenance were combined to Facility Services.

Environmental Services division consists of the waste management and recycling business.

Industrial Services division covers solutions for industrial material flows and their utilisation, industrial process cleaning solutions, collection and disposal of hazardous waste and sewer system maintenance and repair solutions.

Facility Services division consists of cleaning and support services, property maintenance and maintenance of technical systems and damage repair services.

Renewable Energy Sources (L&T Biowatti) includes
wood-based fuels, recovered fuels and forest services.

The company’s internal reporting, as well as the segments reported externally, have been changed to reflect the new divisions at the beginning of 2013.

A summary of quarterly comparable figures for 2012 based on the new business structure is presented below. The comparable figures for 2012 for Environmental Services include net sales of approximately EUR 9 million from L&T Recoil and Eco product businesses divested in 2012. The operating profit of Environmental Services for 2012 includes a non-recurring gain on sale of EUR 4.2 million from L&T Recoil. The comparable figures include also all other non-recurring items.

Financial reporting will be changed to reflect the new divisions as of the Interim Report for 1 January – 31 March 2013 to be published on 24 April 2013. In the financial statements for the year 2012 figures were reported according to the previous business structure.