Lassila & Tikanoja plc
Stock exchange release
26 April 2012 7.55 am
Lassila & Tikanoja is launching a new operational enhancement programme to improve its profitability and to adapt operations to the current market environment. The planned actions are estimated to improve profitability at least by EUR 4 million annually, over half of this in 2012.
The programme involves fixed cost cuts, price increases, holiday pay arrangements and other efficiency improvement measures.
L&T will record approximately EUR 1.0 million in non-recurring adjustment costs associated with the programme for the second quarter.
LASSILA & TIKANOJA PLC
For additional information please contact
Pekka Ojanpää, CEO, tel +358 10 636 2810
Ville Rantala, CFO, tel. +358 50 385 1442
Keijo Keränen, Head of Treasury and IR, tel. +358 50 385 6957.
Lassila & Tikanoja specialises in environmental management and property and plant support services and is a leading supplier of wood-based biofuels, recovered fuels and recycled raw materials. With operations in Finland, Sweden, Latvia and Russia, L&T employs 9,500 persons. Net sales in 2011 amounted to EUR 652 million. L&T is listed on NASDAQ OMX Helsinki.
NASDAQ OMX Helsinki