Core Viewpoint - Lassila & Tikanoja Plc is undergoing a demerger, creating a new independent company focused on circular economy, named New Lassila & Tikanoja, while the existing company will be renamed Luotea Plc, focusing on facility services [1][3]. Company Overview - The demerger plan was approved on 7 August 2025, with the new company expected to be listed on Nasdaq Helsinki Ltd [1][3]. - The Capital Markets Day is scheduled for 26 November 2025, focusing on the business prospects and strategies of both New Lassila & Tikanoja and Luotea [2][4]. Business Focus and Strategy - Luotea will concentrate on facility services, providing comprehensive solutions throughout the lifecycle of buildings, emphasizing energy efficiency and smart technologies [6][7]. - The target market size for Luotea is approximately EUR 12.2 billion, with an expected annual growth rate of about 4% [8]. Financial Performance - Preliminary unaudited financial information for Luotea shows net sales of EUR 347.4 million, with an adjusted EBITDA of EUR 20.0 million and an adjusted EBITDA margin of 5.8% for the period from 1 October 2024 to 30 September 2025 [15][16]. - The company aims for an average annual organic revenue growth of 4–5% and an adjusted EBITA margin exceeding 5% in the mid-term [17]. Customer Base and Market Position - Luotea has a diverse customer base of over 6,000 clients, with a low turnover rate, and has optimized its contract portfolio to increase high-profitability contracts [10][11]. - The company is positioned to leverage cross-selling opportunities and expand into new segments, particularly in the public sector [14].