Lassila & Tikanoja plc
Stock exchange release
3 February 2016 at 8:05 a.m.
Lassila & Tikanoja plc changes its financial targets with respect to gearing
The Board of Directors of Lassila & Tikanoja plc has decided to change its target range for gearing for the strategy period 2014 - 2018. The new range is 0 - 70 per cent. The previous range was 30 - 80 per cent. The change is based on the company’s strong cash flow as well as the need to prepare for potential acquisitions and other capital expenditure.
In the prevailing economic situation, the company’s focus remains on strengthening its market position and ensuring profitability and cash flow through the development of its business operations and by targeted business acquisitions.
LASSILA & TIKANOJA PLC
Pekka Ojanpää
President and CEO
For additional information, please contact:
Timo Leinonen, CFO, tel. +358 400 793 073
Lassila & Tikanoja is a service company that is transforming consumer society into an efficient recycling society. In cooperation 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 protect the environment. Together, we create well-being and jobs. With operations in Finland, Sweden and Russia, L&T employs 8,000 persons. Net sales in 2015 amounted to EUR 646.3 million. L&T is listed on Nasdaq Helsinki.
Distribution:
NASDAQ OMX Helsinki
Major media
www.lassila-tikanoja.com