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Lassila & Tikanoja’s comparison figures for 1 January-31 December 2024 with the new segment structure
Globenewswire· 2025-04-24 10:00
Core Insights - Lassila & Tikanoja will implement a new segment structure starting January 1, 2025, consisting of three reportable segments: Circular Economy Business, Facility Services Finland, and Facility Services Sweden [1][8] - The company aims to enhance its operational model to accelerate strategy execution and support the growth of circular economy businesses [1] Financial Performance - In 2024, net sales for the Circular Economy Business reached EUR 424.0 million, while Facility Services Finland and Sweden generated EUR 238.0 million and EUR 111.9 million respectively, leading to a total of EUR 770.7 million [3][8] - The operating profit for the Circular Economy Business was EUR 41.2 million, with Facility Services Finland at EUR 9.4 million, while Facility Services Sweden reported a loss of EUR 35.1 million [3][4] - Adjusted operating profit for the Circular Economy Business was EUR 42.8 million, with Facility Services Finland at EUR 9.6 million, and Facility Services Sweden at a loss of EUR 7.5 million [3][4] EBITDA and Capital Expenditure - The EBITDA for the Circular Economy Business was EUR 84.7 million, while Facility Services Finland and Sweden reported EUR 16.2 million and a loss of EUR 7.0 million respectively [3][4] - Gross capital expenditure for the Circular Economy Business was EUR 35.9 million in 2024, while Facility Services Finland and Sweden had minimal expenditures [4][7] Employee Metrics - The total number of employees at the end of 2024 was approximately 7,441, with the Circular Economy Business employing 2,168 individuals, Facility Services Finland 4,140, and Facility Services Sweden 1,032 [5][8] Return on Capital Employed (ROCE) - The ROCE for the Circular Economy Business was 13.8% by the end of December 2024, while Facility Services Finland and Sweden reported 51.4% and -77.9% respectively [5][8]