Near-term outlook

Forecasts and forward-looking statements are disclosed in the financial statement release and interim reports. L&T discloses forecasts for the current financial year as a whole only.

Outlook for the year 2017, Financial Statements Release 2016, 1 February 2017

Full-year net sales and operating profit in 2017 are expected to remain at the 2016 level​.

​Outlook for the rest of the year, Q3 Interim Report, 26 October 2016

Full-year net sales and operating profit in 2016 are expected to remain at the 2015 level or improve slightly.

Outlook for the rest of the year, Half-year Report, 3 August 2016

Full-year net sales and operating profit in 2016 are expected to remain at the 2015 level or improve slightly.​

Outlook for the rest of the year, Q1 Interim Report, 27 April 2016

Full-year net sales and operating profit in 2016 are expected to remain at the 2015 level or improve slightly.

Outlook for the year 2016, Financial Statements Release 2015, 3 February 2016
 
Full-year net sales and operating profit in 2016 are expected to remain at the 2015 level or improve slightly.
 

Outlook for the rest of the year, Q3 Interim Report, 28 October 2015

Full-year net sales and operating profit excluding non-recurring items in 2015 are expected to remain at the 2014 level.

Outlook for the rest of the year, Q2 Interim Report, 5 August 2015 

Full-year net sales and operating profit excluding non-recurring items in 2015 are expected to remain at the 2014 level.

Outlook for the rest of the year, Q1 Interim Report, 29 April 2015

Full-year net sales and operating profit excluding non-recurring items in 2015 are expected to remain at the 2014 level.

Outlook for the year 2015, Financial Statements Release 2014, 4 February 2015

Full-year net sales and operating profit excluding non-recurring items in 2015 are expected to remain at the 2014 level.

Outlook for the rest of the year, Q3 Interim Report, 23 October 2014

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.

Outloon for the rest of the year, Q2 Interim Report, 6 August 2014

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.

Outlook for the rest of the year, Q1 Interim Report, 25 April 2014
Comparable net sales in 2014 are expected to remain at the 2013 level. Operating profit, excluding non-recurring items, is expected to remain at the 2013 level or improve slightly.
 
Outlook for the year 2014, Finacial Statements Release 2013, 5 February 2014
 
Full-year net sales in 2014 are expected to remain at the 2013 level. Operating profit, excluding non-recurring items, is expected to remain at the 2013 level or improve slightly.
 
Outlook for the rest of the year, Q3 Interim Report, 23 October 2013

 

Full-year net sales in 2013 are expected to remain at the 2012 level. Operating profit, excluding non-recurring items, is expected to remain at the 2012 level or improve slightly.
Outlook for the rest of the year, Q2 Interim Report, 6 August 2013


Full-year net sales in 2013 are expected to remain at the 2012 level. Operating profit, excluding non-recurring items, is expected to remain at the 2012 level or improve slightly.

Outlook for the rest of the year, Q1 Interim Report, 24 April 2013

Full-year net sales in 2013 are expected to remain at the 2012 level. Operating profit, excluding non-recurring items, is expected to remain at the 2012 level or improve slightly.

Outlook for the year 2013, Financial Statements Release 2012, 1 February 2013

Full-year net sales in 2013 are expected to remain at the 2012 level. Operating profit, excluding non-recurring items, is expected to remain at the 2012 level or improve slightly.

Outlook for the rest of the year, Q3 Interim Report, 23 September 2012

Despite the economic uncertainty, the outlook for Environmental Services is, by and large, stable, but any changes in demand for industrial services may complicate operational adjustments.

The outlook for Cleaning and Office Support Services and for Property Maintenance is stable.

Demand for Renewable Energy Sources’ (L&T Biowatti) wood-based fuels will pick up from the comparison period, and with a more effective cost structure in place, operating profit will improve.

Group’s full-year net sales in 2012 are expected to remain at the 2011 level. Operating profit, excluding non-recurring items, is expected to remain at the 2011 level or improve slightly.

Outlook for the rest of the year, Q2 Interim Report, 24 July 2012

Despite the economic uncertainty, the outlook for Environmental Services is, by and large, stable, but any changes in demand for industrial services may complicate operational adjustments.

The business environment for Cleaning and Office Support Services and Property Maintenance is expected to remain stable, though price competition will remain tough.

Demand for Renewable Energy Sources’ (L&T Biowatti) wood-based fuels is expected to pick up from the comparison period, and the more effective cost structure should result in profitability improvement.

Full-year net sales in 2012 are expected to remain at the 2011 level. Operating profit, excluding non-recurring items, is expected to remain at the 2011 level or improve slightly.

Outlook for the rest of the year, Q1 Interim Report, 26 April 2012

Despite the economic uncertainty, the outlook for Environmental Services is, by and large, stable, but any weakening in demand for industrial services and in new construction may give a reason to make operational adjustments. Secondary raw material price developments and the operational reliability of L&T Recoil’s plant in particular will affect the division’s profitability.

The business environment for Cleaning and Office Support Services and Property Maintenance is expected to remain stable, though price competition is expected to remain tough.

Demand for L&T Biowatti's wood-based fuels is expected to grow slightly from the comparison period, and the division's profitability is likely to improve.

Full-year net sales in 2012 are expected remain at the 2011 level. Operating profit excluding non-recurring items, is expected to remain at the 2011 level or improve slightly.

Prospects for the year 2012, Financial Statements Release 2011, 2 February 2012

The markets in which L&T primarily operates are mainly low-cyclical, and the majority of the company's net sales comes from long-term service agreements. However, general economic developments reflect on L&T's operations, particularly commissioned environmental and support service assignments.

Despite the economic uncertainty, the outlook for Environmental Services is, by and large, stable. The secondary raw material price development and the operational reliability of L&T Recoil’s plant in particular will affect the division’s profitability.

Prospects for Cleaning and Office Support Services and for Property Maintenance are stable, but economic uncertainty is keeping competition tough in both divisions.

Demand for L&T Biowatti's wood-based fuels is expected to grow slightly and the division's profitability is expected to improve. Any changes in the government subsidies for renewable fuels could, however, impact L&T Biowatti's raw material procurement costs and demand for the end-product.

Full-year net sales is expected to remain at the 2011 level and operating profit excluding non-recurring items is expected to remain at the 2011 level or to improve slightly in 2012.

Prospects for the rest of the year, Q3 Interim Report, 25 October 2011

In the Environmental Services division, the outlook for the remainder of the year is largely stable. The secondary raw material price development and the operational reliability of L&T Recoil’s plant will affect the division’s profitability for the remainder of the year.

The outlook for Cleaning and Office Support Services and for Property Maintenance is stable for the remainder of the year.

Demand for L&T Biowatti's wood-based fuels is expected to reach the comparison period’s level.

Full-year net sales will grow slightly from 2010 and operating profit excluding non-recurring items is expected to remain at the 2010 level.

Prospects for the rest of the year, Q2 Interim Report, 26 July 2011

In the Environmental Services division, the outlook for the remainder of the year is largely stable. The secondary raw material price development and the operational reliability of L&T Recoil’s plant after the maintenance shutdown in September will affect the division’s profitability. In response to the rise in costs, the division will implement price increases.

The markets for Cleaning and Office Support Services and for Property Maintenance are expected to grow slowly. In response to the rise in costs, the divisions will implement price increases.

The demand for L&T Biowatti's wood-based fuels is expected to strengthen. A dynamic electricity generation subsidy for wood-based fuels was introduced at the beginning of July.

Full-year net sales will grow slightly from 2010 and operating profit excluding non-recurring items is expected to remain at the 2010 level.

Prospects for the rest of the year, Q1 Interim Report, 27 April 2011

Higher operating rates in the industry will increase waste volumes and the demand for process cleaning and polluted soil and materials utilisation. Higher prices of secondary raw materials and a rise in waste tax improve the outlook for the recycling business.

The production reliability of L&T Recoil's facility will affect the Environmental Services division’s profitability.  Raising the operating rate of the facility and improving the supply of base oil continue to be the key priorities.

The markets for Cleaning and Office Support Services and for Property Maintenance are expected to remain challenging, and the fierce price competition is expected to continue.

The demand for L&T Biowatti's wood-based fuels is expected to strengthen. The government support measures targeting renewable fuels will have a positive effect on the demand for wood-based fuels and on their price level in the second half.

The net sales will grow more than estimated previously due to the acquisitions.

Full-year net sales will grow slightly from 2010 and operating profit excluding non-recurring items is expected to remain at the 2010 level. Previous estimate: Net sales and operating profit excluding non-recurring items in 2011 are expected to remain at the 2010 level.

Prospects for the year 2011, Financial Statements Release 2011, 3 February 2011

The outlook for the Environmental Services division's waste management services and recycling business for 2011 has improved. Rising operating rates in the industry are expected to increase waste volumes and the demand for process cleaning and material recovery solutions. Higher prices of secondary raw materials and a rise in waste tax improve the outlook for the recycling business.

The markets for Cleaning and Office Support Services and for Property Maintenance are expected to remain challenging.

Demand for L&T Biowatti’s wood-based fuels is expected to remain moderate. The positive effect of the planned government support measures related to renewable fuels is forecast to materialise in the second half.

Net sales and operating profit excluding non-recurring items in 2011 are expected to remain at the 2010 level.

Prospects for the rest of the year, Q3 Interim Report, 26 October 2010

The outlook for the Environmental Services division's waste management and recycling business is stable. The increase in waste volumes and the secondary raw materials market are expected to recover moderately. The operating rates in the industry have been rising since the first half; this is expected to help keep the demand for hazardous waste and process cleaning services at a healthy level.

The costs arising from the start-up of a new production line at the Kerava recycling plant will continue to tax the result in the final quarter. The plant is expected to be in full production use at the start of the new year.

The markets for Cleaning and Office Support Services and for Property Maintenance are expected to remain unchanged as year-end nears.

The demand for L&T Biowatti's wood-based fuels will fall to below the previous year's level. Furthermore, the low prices of emission rights and fossil fuels will continue to undermine the competitiveness of renewable fuels.

Full-year net sales are expected to remain at the same level as in 2009. Operating profit excluding non recurring items is expected to be slightly lower than in 2009. (Earlier forecast: Full-year net sales and operating profit excluding non-recurring items are expected to remain at the same level as in 2009.)

Prospects for the rest of the year, Q2 Interim Report, 27 July 2010

In the Environmental Services division, the market outlook for waste management and recycling services for the rest of the year has improved. Waste volumes are expected to grow. The demand for secondary raw materials and the market prices are expected to recover moderately. In light of the rising operating rates in the industry, it is fair to assume that the demand for hazardous waste and process cleaning services will grow.

An approximately one-month maintenance shut-down at the joint venture L&T Recoil’s plant scheduled to start in August will improve the plant’s reliability and raise the degree of processing. The plant was not yet in operation in the second half last year, and the joint venture recorded significant losses.

The markets for Property and Office Support Services are expected to remain unchanged towards the year-end. However, in the current economic conditions the competitive situation will remain fierce.

The demand for L&T Biowatti’s wood-based fuels is estimated to remain weak. Furthermore, low prices of emission rights and fossil fuels will undermine the competitiveness of renewable fuels. While the planned government support measures to increase the use of renewable fuels are expected to have a positive impact in the long term, they will not affect this year's performance.

Full-year net sales and operating profit excluding non-recurring items are expected to remain at the same level as in 2009.

Prospects for the rest of the year, Q1 Interim Report, 29 April 2010

The outlook for the Environmental Services division’s waste management services is stable.  In the current economic conditions, waste material transport volumes are expected to remain at the present level while rising operating rates in the industry are expected to boost demand for hazardous waste and process cleaning services. In the recycling business, secondary raw material prices are expected to normalise at a moderate pace. Production operations at L&T Recoil's plant are expected to stabilise at the intended level.

The markets for Property and Office Support Services are expected to remain unchanged. The current economic conditions will presumably increase competitive bidding and reduce orders for additional services.

Demand for wood-based fuels is anticipated to be lower than a year earlier. Furthermore, low prices of emission rights and fossil fuels will undermine the competitiveness of renewable fuels. While planned government support measures to increase the use of renewable fuels will have a positive impact in the long term, it will not affect this year’s performance.

Full-year net sales and operating profit excluding non-recurring items are expected to remain at the same level as in 2009.

Prospects for the year 2010, Financial Statements Release 2009, 10 February 2010 

In the Environmental Services division, waste material transport and recycling volumes are expected to remain unchanged. The demand and market prices of secondary raw materials are expected to recover slowly. The current operating rates in the industry will result in low hazardous waste volumes and demand for maintenance services. Production at L&T Recoil’s re-refinery continues to be unstable. Its operating rate will have a major impact on the division’s profitability.

The market for Property and Office Support Services is expected to remain unchanged or weaken. Customers must follow tight cost control, which is assumed to increase competitive bidding and reduce orders for additional services.

The demand for L&T Biowatti’s wood-based fuels is expected to remain moderate due to low operating rates in the industry and the low wholesale price of electricity. Furthermore, the low price of emission rights will undermine the competitiveness of wood-based fuels.

Net sales and operating profit excluding non-recurring items in 2010 are expected to remain at the 2009 level.​