Lassila & Tikanoja Oyj (OHEL:LAT1V)
€ 8.28 -0.02 (-0.24%) Market Cap: 316.97 Mil Enterprise Value: 495.67 Mil PE Ratio: 12.71 PB Ratio: 1.36 GF Score: 66/100

Q1 2022 Lassila & Tikanoja Oyj Earnings Call Transcript

Apr 27, 2022 / 07:30AM GMT
Release Date Price: €10.28 (-0.39%)
Unidentified Participant

Welcome to Lassila & Tikanoja's first-quarter result webcast. Today's broadcast is hosted by Lassila & Tikanoja's CEO, Eero Hautaniemi; and CFO, Valtteri Palin. There's an opportunity to ask questions at the end of the broadcast.

Eero, go ahead.

Eero Hautaniemi
Lassila & Tikanoja Oyj - President and CEO

Thank you, Inka. And welcome also on my behalf to this first-quarter earnings release.

First, few highlights. Our strategy implementation is well on track. The first-quarter conditions were challenging. Despite the challenging conditions, we had excellent sales growth actually across the businesses, with the exception of Sweden. At the same time, the higher fuel prices and especially COVID-19 affected negatively to all of our business lines. We have implemented extensive price increases and other measures that will compensate this effect on the coming quarters. Also, according to our strategy, the industrial services entered to Swedish market with the acquisition of SVB.

Let's take a closer look at the

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot