LASSILA & TIKANOJA PLC Stock exchange release 23 March 2010 9.00 am LASSILA & TIKANOJA PLC: COMPARABLE FIGURES FOR 2009 BASED ON THE NEW BUSINESS STRUCTURE In a release published on 12 May 2009, Lassila & Tikanoja plc announced that as of 1 June 2009 its business operations are regrouped into three divisions: Environmental Services, Property and Office Support Services and Renewable Energy Sources (L&T Biowatti). The Industrial Services division was combined with the Environmental Services division. The company's internal reporting, as well as the segments reported externally, have been changed to reflect the new divisions at the beginning of 2010. A summary of quarterly comparable figures for 2009 based on the new business structure is presented below. Financial reporting will be changed to reflect the new divisions as of the Interim Report for 1 January - 31 March 2010 to be published on 29 April 2010. In the financial statements for the year 2009 figures were reported according to the previous business structure. -------------------------------------------------------------------------------- | NET | 1-12/ | 1-9/ | 1-6/ | 1-3/ | 10-12/ | 7-9/ | 4-6/ | 1-3/ | | SALES, | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | | EUR | | | | | | | | | | 1000 | | | | | | | | | -------------------------------------------------------------------------------- | Environ | 284 | 213 | 140 | 66 865 | 71 178 | 72 055 | 74 121 | 66 865 | | mental | 219 | 041 | 986 | | | | | | | Service | | | | | | | | | | s | | | | | | | | | -------------------------------------------------------------------------------- | externa | 280 | 210 | 139 | 65 846 | 70 197 | 71 392 | 73 197 | 65 846 | | l | 632 | 435 | 043 | | | | | | -------------------------------------------------------------------------------- | interna | 3 587 | 2 606 | 1 943 | 1 019 | 981 | 663 | 924 | 1 019 | | l | | | | | | | | | -------------------------------------------------------------------------------- | Propert | 243 | 181 | 121 | 61 143 | 61 441 | 60 024 | 60 531 | 61 143 | | y and | 139 | 698 | 674 | | | | | | | Office | | | | | | | | | | Support | | | | | | | | | | Service | | | | | | | | | | s | | | | | | | | | -------------------------------------------------------------------------------- | externa | 240 | 179 | 120 | 60 372 | 60 771 | 59 349 | 59 922 | 60 372 | | l | 414 | 643 | 294 | | | | | | -------------------------------------------------------------------------------- | interna | 2 725 | 2 055 | 1 380 | 771 | 670 | 675 | 609 | 771 | | l | | | | | | | | | -------------------------------------------------------------------------------- | Renewab | 64 | 46 | 35 | 21 063 | 17 702 | 10 669 | 14 691 | 21 063 | | le | 125 | 423 | 754 | | | | | | | Energy | | | | | | | | | | Sources | | | | | | | | | -------------------------------------------------------------------------------- | externa | 61 | 44 | 34 | 20 214 | 17 073 | 9 998 | 13 975 | 20 214 | | l | 260 | 187 | 189 | | | | | | -------------------------------------------------------------------------------- | interna | 2 865 | 2 236 | 1 565 | 849 | 629 | 671 | 716 | 849 | | l | | | | | | | | | -------------------------------------------------------------------------------- | Inter-d | -9 | -6 | -4 | -2 639 | -2 280 | -2 009 | -2 249 | -2 639 | | ivision | 177 | 897 | 888 | | | | | | | net | | | | | | | | | | sales | | | | | | | | | -------------------------------------------------------------------------------- | L&T | 582 | 434 | 293 | 146 | 148 | 140 | 147 | 146 | | total | 306 | 265 | 526 | 432 | 041 | 739 | 094 | 432 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | OPERATI | 1-12/ | 1-9/ | 1-6/ | 1-3/ | 10-12/ | 7-9/ | 4-6/ | 1-3/ | | NG | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | | PROFIT, | | | | | | | | | | EUR | | | | | | | | | | 1000 | | | | | | | | | -------------------------------------------------------------------------------- | Environ | 35 | 29 | 17 | 6 413 | 6 793 | 11 816 | 10 937 | 6 413 | | mental | 959 | 166 | 350 | | | | | | | Service | | | | | | | | | | s | | | | | | | | | -------------------------------------------------------------------------------- | Propert | 17 | 14 | 7 686 | 3 394 | 2 767 | 7 233 | 4 292 | 3 394 | | y and | 686 | 919 | | | | | | | | Office | | | | | | | | | | Support | | | | | | | | | | Service | | | | | | | | | | s | | | | | | | | | -------------------------------------------------------------------------------- | Renewab | -958 | -637 | 392 | 671 | -321 | -1 029 | -279 | 671 | | le | | | | | | | | | | Energy | | | | | | | | | | Sources | | | | | | | | | -------------------------------------------------------------------------------- | Group | -2 | -1 | -577 | -493 | -735 | -1 111 | -84 | -493 | | adminis | 423 | 688 | | | | | | | | tration | | | | | | | | | | and | | | | | | | | | | other | | | | | | | | | -------------------------------------------------------------------------------- | L&T | 50 | 41 | 24 | 9 985 | 8 504 | 16 909 | 14 866 | 9 985 | | total | 264 | 760 | 851 | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | OPERATI | 1-12/ | 1-9/ | 1-6/ | 1-3/ | 10-12/ | 7-9/ | 4-6/ | 1-3/ | | NG | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | | MARGIN | | | | | | | | | -------------------------------------------------------------------------------- | Environ | 12.7 | 13.7 | 12.3 | 9.6 | 9.5 | 16.4 | 14.8 | 9.6 | | mental | | | | | | | | | | Service | | | | | | | | | | s | | | | | | | | | -------------------------------------------------------------------------------- | Propert | 7.3 | 8.2 | 6.3 | 5.6 | 4.5 | 12.1 | 7.1 | 5.6 | | y and | | | | | | | | | | Office | | | | | | | | | | Support | | | | | | | | | | Service | | | | | | | | | | s | | | | | | | | | -------------------------------------------------------------------------------- | Renewab | -1.5 | -1.4 | 1.1 | 3.2 | -1.8 | -9.6 | -1.9 | 3.2 | | le | | | | | | | | | | Energy | | | | | | | | | | Sources | | | | | | | | | -------------------------------------------------------------------------------- | L&T | 8.6 | 9.6 | 8.5 | 6.8 | 5.7 | 12.0 | 10.1 | 6.8 | | total | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | DEPRECI | 1-12/ | 1-9/ | 1-6/ | 1-3/ | 10-12/ | 7-9/ | 4-6/ | 1-3/ | | ATION, | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | | AMORTIS | | | | | | | | | | ATION | | | | | | | | | | AND | | | | | | | | | | IMPAIRM | | | | | | | | | | ENT, | | | | | | | | | | EUR | | | | | | | | | | 1000 | | | | | | | | | -------------------------------------------------------------------------------- | Environ | 27 | 19 | 13 | 6 622 | 7 115 | 6 755 | 6 537 | 6 622 | | mental | 029 | 914 | 159 | | | | | | | Service | | | | | | | | | | s | | | | | | | | | -------------------------------------------------------------------------------- | Propert | 8 621 | 6 514 | 4 374 | 2 199 | 2 107 | 2 140 | 2 175 | 2 199 | | y and | | | | | | | | | | Office | | | | | | | | | | Support | | | | | | | | | | Service | | | | | | | | | | s | | | | | | | | | -------------------------------------------------------------------------------- | Renewab | 4 676 | 3 496 | 2 310 | 1 105 | 1 180 | 1 186 | 1 205 | 1 105 | | le | | | | | | | | | | Energy | | | | | | | | | | Sources | | | | | | | | | -------------------------------------------------------------------------------- | Group | 8 | -8 | -28 | 26 | 16 | 20 | -54 | 26 | | adminis | | | | | | | | | | tration | | | | | | | | | | and | | | | | | | | | | other | | | | | | | | | -------------------------------------------------------------------------------- | L&T | 40 | 29 | 19 | 9 952 | 10 418 | 10 101 | 9 863 | 9 952 | | total | 334 | 916 | 815 | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CAPITAL | 1-12/ | 1-9/ | 1-6/ | 1-3/ | 10-12/ | 7-9/ | 4-6/ | 1-3/ | | EXPENDI | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | 2009 | | TURE, | | | | | | | | | | EUR | | | | | | | | | | 1000 | | | | | | | | | -------------------------------------------------------------------------------- | Environ | 36 | 28 | 19 | 9 965 | 8 005 | 8 577 | 9 799 | 9 965 | | mental | 346 | 341 | 764 | | | | | | | Service | | | | | | | | | | s | | | | | | | | | -------------------------------------------------------------------------------- | Propert | 6 227 | 3 722 | 2 754 | 890 | 2 505 | 968 | 1 864 | 890 | | y and | | | | | | | | | | Office | | | | | | | | | | Support | | | | | | | | | | Service | | | | | | | | | | s | | | | | | | | | -------------------------------------------------------------------------------- | Renewab | 2 288 | 2 048 | 1 917 | 1 430 | 240 | 131 | 487 | 1 430 | | le | | | | | | | | | | Energy | | | | | | | | | | Sources | | | | | | | | | -------------------------------------------------------------------------------- | Group | 21 | 21 | 21 | 2 | 0 | 0 | 19 | 2 | | adminis | | | | | | | | | | tration | | | | | | | | | | and | | | | | | | | | | other | | | | | | | | | -------------------------------------------------------------------------------- | L&T | 44 | 34 | 24 | 12 287 | 10 750 | 9 676 | 12 169 | 12 287 | | total | 882 | 132 | 456 | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | ASSETS, EUR | 31 December | 30 September | 30 June | 31 March | | 1000 | 2009 | 2009 | 2009 | 2009 | -------------------------------------------------------------------------------- | Environmental | 324 918 | 334 737 | 328 865 | 326 672 | | Services | | | | | -------------------------------------------------------------------------------- | Property and | 75 553 | 75 529 | 75 448 | 76 275 | | Office Support | | | | | | Services | | | | | -------------------------------------------------------------------------------- | Renewable | 63 436 | 60 413 | 52 671 | 54 885 | | Energy Sources | | | | | -------------------------------------------------------------------------------- | Group | 473 | 37 | -10 | 270 | | administration | | | | | | and other | | | | | -------------------------------------------------------------------------------- | Unallocated | 32 008 | 24 304 | 26 570 | 59 315 | | assets | | | | | -------------------------------------------------------------------------------- | L&T total | 496 388 | 495 020 | 483 544 | 517 417 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | LIABILITIES, | 31 December | 30 September | 30 June | 31 March | | EUR 1000 | 2009 | 2009 | 2009 | 2009 | -------------------------------------------------------------------------------- | Environmental | 51 510 | 53 726 | 51 116 | 51 737 | | Services | | | | | -------------------------------------------------------------------------------- | Property and | 37 312 | 32 890 | 36 467 | 37 378 | | Office Support | | | | | | Services | | | | | -------------------------------------------------------------------------------- | Renewable | 6 310 | 6 889 | 6 136 | 8 068 | | Energy Sources | | | | | -------------------------------------------------------------------------------- | Group | 1 951 | 1 674 | 1 188 | 22 461 | | administration | | | | | | and other | | | | | -------------------------------------------------------------------------------- | Unallocated | 182 056 | 188 503 | 189 096 | 208 451 | | liabilities | | | | | -------------------------------------------------------------------------------- | L&T total | 279 139 | 283 682 | 284 003 | 328 095 | -------------------------------------------------------------------------------- LASSILA & TIKANOJA PLC Ville Rantala CFO For additional information please contact Ville Rantala, CFO, tel. +358 50 385 1442. 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 8,700 persons. Net sales in 2009 amounted to EUR 582 million. L&T is listed on NASDAQ OMX Helsinki. Distribution: NASDAQ OMX Helsinki Major media www.lassila-tikanoja.com
LASSILA & TIKANOJA PLC: COMPARABLE FIGURES FOR 2009 BASED ON THE NEW BUSINESS STRUCTURE
| Source: Lassila & Tikanoja Oyj
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