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Lassila & Tikanoja to launch an Efficiency Enhancement Programme to improve profitability

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Helsinki, Finland, 2012-04-26 06:55 CEST (GLOBE NEWSWIRE) -- LASSILA & TIKANOJA PLC  STOCK EXCHANGE RELEASE  26 April 2012 7.55 am

Lassila & Tikanoja is launching a new operational enhancement programme to improve its profitability and to adapt operations to the current market environment. The planned actions are estimated to improve profitability at least by EUR 4 million annually, over half of this in 2012.

The programme involves fixed cost cuts, price increases, holiday pay arrangements and other efficiency improvement measures.

L&T will record approximately EUR 1.0 million in non-recurring adjustment costs associated with the programme for the second quarter.


Pekka Ojanpää

For additional information please contact
Pekka Ojanpää, CEO, tel +358 10 636 2810
Ville Rantala, CFO, tel. +358 50 385 1442
Keijo Keränen, Head of Treasury and IR, tel. +358 50 385 6957.

Lassila & Tikanoja specialises in environmental management and property and plant support services and is a leading supplier of wood-based biofuels, recovered fuels and recycled raw materials. With operations in Finland, Sweden, Latvia and Russia, L&T employs 9,500 persons. Net sales in 2011 amounted to EUR 652 million. L&T is listed on NASDAQ OMX Helsinki.

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