Lassila & Tikanoja - Company Announcement

Renewable Energy Sources will become Lassila & Tikanoja’s core business

Helsinki, Finland, 2015-09-02 07:00 CEST (GLOBE NEWSWIRE) -- 

Lassila & Tikanoja plc               Stock exchange release          2
September 2015 at 8:00 a.m. 



Renewable Energy Sources will become Lassila & Tikanoja's core business

Lassila & Tikanoja's Board of Directors approved the updated Group Strategy as
part of the annual strategy work. In the future, the Renewable Energy Sources
division will be included in L&T's core business. 

“The warming of the climate forces us to make more efficient use of energy and
replace fossil fuels with renewable energy sources. Our Renewable Energy
Sources division rises to this challenge and supports the material and energy
efficiency of our customers. In recent years, we have improved the operational
efficiency and profitability of our Renewable Energy Sources business. The
outlook of the business environment is also positive, thanks to the growing
demand for wood biomass and the political and legislative setting that supports
business,” says Pekka Ojanpää, President and CEO of Lassila & Tikanoja. 

Strategy: Building a recycling society

L&T's strategy is based on its mission to change a consumer society into an
efficient recycling society. The goal is to build a society in which existing
materials and buildings are used as efficiently as possible, efforts are made
to optimise energy consumption, and jobs and well-being are created through
sustainable growth. 

The company can achieve this by improving the material, energy and cost
efficiency of its customers while creating profitable growth, both for the
customers and the company. 



LASSILA & TIKANOJA PLC

Pekka Ojanpää
President and CEO



Additional information:
Pekka Ojanpää, President and CEO, tel. +358 10 636 2810
Timo Leinonen, CFO, tel. +358 400 793 073



Lassila & Tikanoja is a service company that is transforming the consumer
society into an efficient recycling society. In cooperation with our customers,
we are reducing waste volumes, extending the useful lives of properties,
recovering materials and decreasing the use of raw materials and energy. We
help our customers to focus on their core business and protect the environment.
Together, we create well-being and jobs. With operations in Finland, Sweden and
Russia, L&T employs 8,000 persons. Net sales in 2014 amounted to EUR 639.7
million. L&T is listed on Nasdaq Helsinki. 



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