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
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Q2 2022 Lassila & Tikanoja Oyj Earnings Call Transcript

Jul 22, 2022 / 06:00AM GMT
Release Date Price: €11.5
Unidentified Participant

Welcome to L&T's half-year financial result webcast. The webcast is hosted by L&T's CEO, Eero Hautaniemi; and CFO, Valtteri Palin. There is an opportunity to ask questions at the end of the broadcast. Eero, please go ahead.

Eero Hautaniemi
Lassila & Tikanoja plc - President & CEO

Thank you, [Enka]. And welcome also, on my behalf, to this first half-year review of Lassila & Tikanoja.

First, few highlights. Our net sales grew nice 10.3% from the previous year, of which 5.6% was organic growth, which is a very good organic growth. Our operating profit was a little bit twofold in environmental services and industrial services. We managed to get the price increases quite well through. But in facility services in Finland and in Sweden, the pricing environment was much tighter, and we didn't get the increases through in the same way as in the other two businesses.

When we look at the net sales development, you can see that growth was very healthy in environmental services and in industrial services. Also,

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