Helsinki, Finland, 2013-09-23 08:00 CEST (GLOBE NEWSWIRE) -- Lassila & Tikanoja plc Stock exchange release 23 September 2013 9:00 am
Lassila & Tikanoja is hosting a Capital Markets Day in Helsinki today.
L&T’s financial targets for 2016 remain unchanged.
Organic growth in net sales >5%
Operating profit 9%
Return on investment 20%
Gearing 30-80%
The theme of the Capital Markets Day is: “L&T moving from re-structuring to profitable growth”.
“Thanks to our strong market position and new organisation, we are well-poised for profitable growth. In pursuing our objectives, our focus is still on organic growth, but our strong balance sheet also enables us to invest in future growth,” says President and CEO Pekka Ojanpää.
The other speakers at the Capital Markets Day are Timo Leinonen, Chief Financial Officer, Tuomas Mäkipeska, Business Development Director, Petri Salermo, Vice President, Environmental Services, Ville Rantala, Vice President, Industrial Services, and Petri Myllyniemi, Vice President, Facility Services.
All of the presentations given at L&T’s Capital Markets Day will be available on the company’s Internet site, www.lassila-tikanoja.com, at around 14:00. Video summaries of Capital Markets Day presentations can also be viewed on the company’s site on 24 September, at the latest.
LASSILA & TIKANOJA PLC
Pekka Ojanpää
President and CEO
For more information, please contact:
CFO Timo Leinonen, tel. +358 (0)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, Latvia and Russia, L&T employs 9,600 persons. Net sales in 2012 amounted to EUR 674.0 million. L&T is listed on NASDAQ OMX Helsinki.
Distribution
NASDAQ OMX Helsinki
Major media
www.lassila-tikanoja.com