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Renewable Energy Sources will become Lassila & Tikanoja’s core business

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Helsinki, Finland, 2015-09-02 07:00 CEST (GLOBE NEWSWIRE) --

Lassila & Tikanoja plc               Stock exchange release          2 September 2015 at 8:00 a.m.


Renewable Energy Sources will become Lassila & Tikanoja’s core business

Lassila & Tikanoja’s Board of Directors approved the updated Group Strategy as part of the annual strategy work. In the future, the Renewable Energy Sources division will be included in L&T’s core business.

“The warming of the climate forces us to make more efficient use of energy and replace fossil fuels with renewable energy sources. Our Renewable Energy Sources division rises to this challenge and supports the material and energy efficiency of our customers. In recent years, we have improved the operational efficiency and profitability of our Renewable Energy Sources business. The outlook of the business environment is also positive, thanks to the growing demand for wood biomass and the political and legislative setting that supports business,” says Pekka Ojanpää, President and CEO of Lassila & Tikanoja.

Strategy: Building a recycling society

L&T’s strategy is based on its mission to change a consumer society into an efficient recycling society. The goal is to build a society in which existing materials and buildings are used as efficiently as possible, efforts are made to optimise energy consumption, and jobs and well-being are created through sustainable growth.

The company can achieve this by improving the material, energy and cost efficiency of its customers while creating profitable growth, both for the customers and the company.



Pekka Ojanpää
President and CEO


Additional information:
Pekka Ojanpää, President and CEO, tel. +358 10 636 2810
Timo Leinonen, CFO, tel. +358 400 793 073


Lassila & Tikanoja is a service company that is transforming the consumer society into an efficient recycling society. In cooperation with our customers, we are reducing waste volumes, extending the useful lives of properties, recovering materials and decreasing the use of raw materials and energy. We help our customers to focus on their core business and protect the environment. Together, we create well-being and jobs. With operations in Finland, Sweden and Russia, L&T employs 8,000 persons. Net sales in 2014 amounted to EUR 639.7 million. L&T is listed on Nasdaq Helsinki.


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