Lassila & Tikanoja Oyj (OHEL:LAT1V)
€ 8.26 -0.02 (-0.24%) Market Cap: 316.20 Mil Enterprise Value: 494.90 Mil PE Ratio: 12.71 PB Ratio: 1.36 GF Score: 66/100
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Q1 2024 Lassila & Tikanoja Oyj Earnings Call Transcript

Apr 26, 2024 / 07:30AM GMT
Release Date Price: €8.6 (-3.80%)
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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