Lassila & Tikanoja - Company Announcement

Lassila & Tikanoja's full-year result to be lower than anticipated

Helsinki, Finland, 2011-01-14 15:40 CET (GLOBE NEWSWIRE) -- LASSILA & TIKANOJA
PLC Stock exchange release 14 January 2011 4.40 pm 

Lassila & Tikanoja's full-year operating profit excluding non-recurring items
declined more than anticipated earlier compared to the year 2009. 

In the final quarter, the operating profit excluding non-recurring items
amounted to approximately EUR 9.1 million (Q4/2009: EUR 8.7 million). The
full-year operating profit excluding non-recurring items amounted to
approximately EUR 45.6 million (2009: EUR 51.3 million). Net sales in 2010
totalled EUR 598.3 million (2009: EUR 582.3 million). 

Previously the company estimated that the full-year financial performance will
be slightly lower than in the year 2009. 

In the final quarter, the profitability was burdened by the costs arising from
cleaning of the land area related to the recycling plant investment in Kerava,
and high costs of subcontracting and overtime work due to the exceptionally
heavy snowfall in Southern Finland in the early winter. 

Lassila & Tikanoja's financial statements for the period 1 January - 31
December 2010 will be released on 3 February 2011 at 8.00 am. 

LASSILA & TIKANOJA PLC

Jari Sarjo
President and CEO


For additional information, please contact Ville Rantala, CFO, tel. +358 50 385
1442 or Keijo Keränen, Head of Treasury and IR, tel. +358 50 385 6957. 


Lassila & Tikanoja specialises in environmental management and property and
plant support services and is a leading supplier of wood-based biofuels,
recovered fuels and recycled raw materials. With operations in Finland, Sweden,
Latvia and Russia, L&T employs 8,700 persons. Net sales in 2009 amounted to EUR
582 million. L&T is listed on NASDAQ OMX Helsinki. 

Distribution:
NASDAQ OMX Helsinki
Major media
www.lassila-tikanoja.com