Lassila & Tikanoja plc
Stock Exchange Release
24 April, 2025 at 1.00 p.m.
Lassila & Tikanoja’s comparison figures for 1 January-31 December 2024 with the new segment structure
On 13 December 2024, Lassila & Tikanoja announced, that starting from January 1, 2025, Lassila & Tikanoja has three reportable segments: Circular Economy Business, which consists of the former Environmental Services and Industrial Services divisions, as well as Facility Services Finland and Facility Services Sweden. Lassila & Tikanoja renewed its operating model in 2024. At the same time, the organisational structure was also renewed to accelerate strategy execution and to support the growth of circular economy businesses.
The comparison figures with the new segment structure are presented in the tables below. The figures are unaudited. The interim report for January-March 2025, which will be published on April 29, 2025, will follow the new segment structure.
| Cumulative segment information | ||||
| Net sales | 2024 | 2024 | 2024 | 2024 |
| MEUR | 1-3 | 1-6 | 1-9 | 1-12 |
| Circular Economy Business | 93.0 | 208.2 | 318.6 | 424.0 |
| Facility Services Finland | 63.3 | 121.8 | 179.2 | 238.0 |
| Facility Services Sweden | 29.5 | 55.7 | 80.9 | 111.9 |
| Interdivisional net sales | -0.7 | -1.4 | -2.1 | -3.1 |
| L&T Total | 185.0 | 384.2 | 576.5 | 770.7 |
| Operating profit | 2024 | 2024 | 2024 | 2024 |
| MEUR | 1-3 | 1-6 | 1-9 | 1-12 |
| Circular Economy Business | 2.3 | 16.2 | 32.4 | 41.2 |
| Facility Services Finland | -0.1 | 1.9 | 6.8 | 9.4 |
| Facility Services Sweden | -2.1 | -4.6 | -6.1 | -35.1 |
| Group functions and eliminations | -1.8 | -4.1 | -4.8 | -5.7 |
| L&T Total | -1.7 | 9.3 | 28.2 | 9.8 |
| Adjusted operating profit | 2024 | 2024 | 2024 | 2024 |
| MEUR | 1-3 | 1-6 | 1-9 | 1-12 |
| Circular Economy Business | 2.6 | 16.6 | 33.0 | 42.8 |
| Facility Services Finland | -0.1 | 1.9 | 6.8 | 9.6 |
| Facility Services Sweden | -2.1 | -4.6 | -6.0 | -7.5 |
| Group functions and eliminations | -0.4 | -1.1 | -1.0 | -1.6 |
| L&T Total | 0.0 | 12.7 | 32.7 | 43.2 |
| EBITDA | 2024 | 2024 | 2024 | 2024 |
| MEUR | 1-3 | 1-6 | 1-9 | 1-12 |
| Circular Economy Business | 12.9 | 37.8 | 64.7 | 84.7 |
| Facility Services Finland | 1.6 | 5.2 | 11.8 | 16.2 |
| Facility Services Sweden | -0.9 | -2.1 | -2.5 | -7.0 |
| Group functions and eliminations | -1.6 | -3.7 | -4.2 | -4.9 |
| L&T Total | 12.1 | 37.2 | 69.9 | 89.0 |
| Operating profit | 2024 | 2024 | 2024 | 2024 |
| % of net sales | 1-3 | 1-6 | 1-9 | 1-12 |
| Circular Economy Business | 2.5 | 7.8 | 10.2 | 9.7 |
| Facility Services Finland | -0.2 | 1.5 | 3.8 | 3.9 |
| Facility Services Sweden | -7.1 | -8.3 | -7.5 | -31.3 |
| L&T Total | -0.9 | 2.4 | 4.9 | 1.3 |
| Adjusted operating profit | 2024 | 2024 | 2024 | 2024 |
| % of net sales | 1-3 | 1-6 | 1-9 | 1-12 |
| Circular Economy Business | 2.8 | 8.0 | 10.3 | 10.1 |
| Facility Services Finland | -0.2 | 1.5 | 3.8 | 4.0 |
| Facility Services Sweden | -7.1 | -8.3 | -7.5 | -6.7 |
| L&T Total | 0.0 | 3.3 | 5.7 | 5.6 |
| EBITDA | 2024 | 2024 | 2024 | 2024 |
| % of net sales | 1-3 | 1-6 | 1-9 | 1-12 |
| Circular Economy Business | 13.9 | 18.1 | 20.3 | 20.0 |
| Facility Services Finland | 2.5 | 4.3 | 6.6 | 6.8 |
| Facility Services Sweden | -3.0 | -3.8 | -3.1 | -6.3 |
| L&T Total | 6.5 | 9.7 | 12.1 | 11.5 |
| Gross capital expenditure | 2024 | 2024 | 2024 | 2024 |
| MEUR | 1-3 | 1-6 | 1-9 | 1-12 |
| Circular Economy Business | 10.8 | 20.9 | 28.2 | 35.9 |
| Facility Services Finland | 0.1 | 0.5 | 1.1 | 1.1 |
| Facility Services Sweden | 0.0 | 0.0 | 0.1 | 0.1 |
| Group functions and eliminations | 0.2 | 0.3 | 0.3 | 0.4 |
| L&T Total | 11.1 | 21.7 | 29.7 | 37.5 |
| Depreciation, amortisation and impairment | 2024 | 2024 | 2024 | 2024 |
| MEUR | 1-3 | 1-6 | 1-9 | 1-12 |
| Circular Economy Business | 10.6 | 21.6 | 32.4 | 43.4 |
| Facility Services Finland | 1.7 | 3.4 | 5.1 | 6.8 |
| Facility Services Sweden1 | 1.2 | 2.5 | 3.6 | 28.1 |
| Group functions and eliminations | 0.2 | 0.4 | 0.6 | 0.9 |
| L&T Total | 13.8 | 27.9 | 41.6 | 79.2 |
| 1 Includes impairment of goodwill totalling EUR 23.3 million recognised in December 2024. | ||||
| Capital employed | 2024 | 2024 | 2024 | 2024 |
| EUR million | 31 Mar | 30 Jun | 30 Sep | 31 Dec |
| Circular Economy Business | 310.8 | 315.0 | 309.3 | 299.7 |
| Facility Services Finland | 22.2 | 21.3 | 22.2 | 17.0 |
| Facility Services Sweden | 59.8 | 58.2 | 58.7 | 29.9 |
| Group functions and eliminations | 24.9 | 37.5 | 50.1 | 49.5 |
| L&T Total | 417.6 | 432.0 | 440.3 | 396.1 |
| Return on capital employed (ROCE) | 2024 | 2024 | 2024 | 2024 |
| % | 31 Mar | 30 Jun | 30 Sep | 31 Dec |
| Circular Economy Business | 13.1 | 13.5 | 13.0 | 13.8 |
| Facility Services Finland | 18.6 | 29.2 | 33.8 | 51.4 |
| Facility Services Sweden | -8.2 | -9.2 | -11.7 | -77.9 |
| L&T Total | 9.7 | 9.7 | 9.0 | 3.3 |
| Number of employees at the end of | 2024 | 2024 | 2024 | 2024 |
| the review period | 31 Mar | 30 Jun | 30 Sep | 31 Dec |
| Circular Economy Business | 2,214 | 2,410 | 2,276 | 2,168 |
| Facility Services Finland | 4,257 | 4,519 | 4,196 | 4,140 |
| Facility Services Sweden | 1,103 | 1,100 | 1,149 | 1,032 |
| Group functions and eliminations | 112 | 113 | 105 | 101 |
| L&T Total | 7,686 | 8,142 | 7,726 | 7,441 |