Helsinki, Finland, 2014-09-30 07:00 CEST (GLOBE NEWSWIRE) --
Lassila & Tikanoja plc Stock exchange release 30 September 2014 8.00 am
Lassila & Tikanoja Capital Markets Day: The company strengthens its position in the market, emphasis on profitability and cash flow
Today, 30 September 2013, Lassila & Tikanoja is organizing a Capital Markets Day event in Helsinki. The programme for the day includes reviewing the Group’s strategy and its implementation. The Group’s financial objectives, covering the period until the year 2018, comprise the following:
- Net sales growth 5%
- Operating profit excluding non-recurring items 9%
- Return on invested capital (ROI) 20%
- Gearing ratio 30–80%
The company’s outlook for 2014 remain unchanged. Lassila & Tikanoja’s net sales in 2014 are expected to remain at the 2013 level or slightly below. Operating profit excluding non-recurring items is expected to remain at the 2013 level or slightly below.
“We will continue with the strategy that was decided on in September 2012. As long as the market situation does not support organic growth, we will concentrate on strengthening our position in the market, while maintaining profitability and cash flow. In the long run, a strong position in the market will help us to seek profitable growth in our core business operations,” states Pekka Ojanpää, President and CEO of Lassila & Tikanoja.
Other speakers at the Capital Markets Day include Timo Leinonen, Chief Financial Officer, Kirsi Matero, HR Director, Petri Salermo, Vice President, Environmental Services, Ville Rantala, Vice President, Industrial Services and Petri Myllyniemi, Vice President, Facility Services.
All presentations from L&T’s Capital Markets Day are available on the company’s website at www.lassila-tikanoja.fi at 4.00 pm. A video recording of the day’s presentations can be viewed on the company’s website on Wednesday 1 October.
LASSILA & TIKANOJA PLC
Pekka Ojanpää
President and CEO
For additional information, please contact
Pekka Ojanpää, President and CEO, tel. +358 10 636 2810 or
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 co-operation 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 to save 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 2013 amounted to EUR 668.2 million. L&T is listed on NASDAQ OMX Helsinki.
Distribution:
NASDAQ OMX Helsinki
Major media
www.lassila-tikanoja.com