Lassila & Tikanoja Oyj (FRA:LT5)
€ 8.14 -0.02 (-0.25%) Market Cap: 315.44 Mil Enterprise Value: 494.14 Mil PE Ratio: 12.74 PB Ratio: 1.37 GF Score: 71/100
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Q1 2024 Lassila & Tikanoja Oyj Earnings Call Transcript

Apr 26, 2024 / 07:30AM GMT
Release Date Price: €8.48 (-3.75%)
Inka Leisio
Lassila & Tikanoja Oyj - Vice President, Communications & Brand

Welcome to Lassila & Tikanoja first-quarter result webcast. The broadcast is hosted by L&T's CEO, Eero Hautaniemi; and CFO, Valtteri Palin. (Operator Instructions) But without further ado, Eero, the stage is yours.

Eero Hautaniemi
Lassila & Tikanoja Oyj - President, Chief Executive Officer, Member of the Executive Board

Thank you, Inka. Welcome to this first-quarter earnings release. Typically, first quarter is the smallest quarter for Lassila & Tikanoja, and this year, the effect is strengthened by the slowness of Finnish economy and also the political strikes that we experienced here in Finland.

In industrial services, we had a solid performance in all business lines. In environmental services, we were able to largely compensate the effects of municipalization in Finnish facility services -- solid performance and the turnaround is on track. And in Sweden, we did have some challenges, which was -- affected especially by a loss of a large customer at

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