Lassila & Tikanoja plc
Stock exchange release
24 October 2019 at 8:05 a.m.
Lassila & Tikanoja plc’s updated strategy and long-term targets
Lassila & Tikanoja plc’s Board of Directors has approved the company’s updated strategy and long-term targets for the strategy period 2019–2024. The new strategy coincides with a period of time in which we must find solutions to important questions related to sustainability and combatting climate change. With its strategy, Creating More Value with the Circular Economy, Lassila & Tikanoja contributes to finding solutions to these questions.
Lassila & Tikanoja is a service company that makes circular economy a reality. Together with our customers, we keep materials and properties in productive use for as long as possible and we enhance the use of raw materials and energy.
“By investing in the responsible solutions of the circular economy, we are seeking increasing value for all our key stakeholders,” says President and CEO Eero Hautaniemi.
“Our strategy is to support our customers’ responsibility, create excellent customer experiences and develop the best services in our industry. We take care of our personnel and provide them with meaningful work and opportunities for development. We bring new solutions for circular economy which allow us to combat climate change and promote social responsibility in society through employment. We aim for rapid growth in our business operations promoting sustainable development with our unique competence in the circular economy. We pursue organic growth and invest in the markets of the future.”
At the same time, Lassila & Tikanoja is updating its long-term targets to match the strategy and value creation for various stakeholders.
Financial targets:
| Indicator | Target |
| Growth in net sales (%) | 5% |
| Return on investment, % (ROI) | 15% |
| Gearing, % | Less than 125% |
The following long-term responsibility and stakeholder targets will be pursued alongside the financial targets:
| Indicator | Target |
| Net Promoter Score | > 25 |
| Employee recommendation (%) | > 80% |
| Carbon footprint | -50% by year 2030 in relation to year 2018 |
| Carbon handprint | Grows faster than organic net sales |
The realisation of the long-term responsibility and stakeholder goals will be monitored as part of the company’s annual reporting starting from 2020.
Lassila & Tikanoja does not consider the long-term financial goals as market guidance for any year.
Capital Markets Day
Lassila & Tikanoja’s updated strategy and its execution will be discussed in more detail during the Capital Markets Day to be held for analysts and investors in Helsinki on 8 November 2019. The presentations to be given during the Capital Markets Day will be available after the event on the company’s website at https://www.lt.fi/en/investors/reports-and-presentations.
LASSILA & TIKANOJA PLC
Eero Hautaniemi
President and CEO
For additional information, please contact:
Eero Hautaniemi, President and CEO, tel. +358 (0)10 636 2810
Valtteri Palin, CFO, tel. +358 (0)40 734 7749
Lassila & Tikanoja is a service company that makes circular economy a reality. Together with our customers, we keep materials and properties in productive use for as long as possible and we enhance the use of raw materials and energy. We help our customers maintain the value of their properties and materials while protecting the environment. We achieve this by delivering responsible and sustainable service solutions that make the daily lives of our customers easier. L&T operates in Finland, Sweden and Russia. L&T employs 8,600 people. Net sales in 2018 amounted to EUR 802.2 million. L&T is listed on Nasdaq Helsinki.
Distribution:
Nasdaq Helsinki
Major media
www.lt.fi