Lemminkäinen - Company Announcement

Lemminkäinen to renew its operating model and change its reporting structure

LEMMINKÄINEN CORPORATION  STOCK EXCHANGE RELEASE   29 OCTOBER 2014 AT 8:05 A.M.

LEMMINKÄINEN TO RENEW ITS OPERATING MODEL AND CHANGE ITS REPORTING STRUCTURE

In line with its strategy, Lemminkäinen continues to strengthen its financial
position and competitiveness through improvement initiatives. In order to
ensure the efficient implementation of these initiatives as well as
business-oriented management and setting of targets, Lemminkäinen will renew
its operating model and reporting structure as of 1 January 2015. 

Lemminkäinen will divide the Infrastructure construction business segment in
two. The paving, mineral aggregates and earthworks businesses will be
transferred to the new Paving business segment. Foundation engineering, civil
engineering and rock engineering will constitute the new Infra projects
business segment. The building construction in Sweden will be reported as part
of Group's other operations. Russian operations include both building
construction and paving businesses. 

The new business segments used in reporting will be:

  -- Paving
  -- Infra projects
  -- Building construction, Finland
  -- Russian operations

“We want to fully leverage the strong position in the Northern European
infrastructure market. Paving and Infra projects have different development and
management needs. The paving business will focus on the continuous improvement
of operational efficiency and the sharing of best practices across country
borders. In Infra projects, we will seek growth in the infrastructure
construction market in the Scandinavian and Baltic countries,” says Casimir
Lindholm, Lemminkäinen's President and CEO. 

The company will publish pro forma figures for 2014 according to the new
reporting structure in March 2015 at the latest. The 2014 financial statement
will be reported according to the current segment division (Infrastructure
construction, Building construction, Finland and Russian operations). 

LEMMINKÄINEN CORPORATION
Corporate Communications


ADDITIONAL INFORMATION:
Casimir Lindholm, President and CEO
Tel. +358 2071 53304
casimir.lindholm@lemminkainen.com

Ilkka Salonen, CFO
Tel. +358 2071 53304
ilkka.salonen@lemminkainen.com

Katri Sundström, Head of Investor Relations
Tel. +358 2071 54813
katri.sundstrom@lemminkainen.com


DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Key media
www.lemminkainen.com


Together with our customers we create conditions that make living, working and
travelling functional, safe and healthy. We operate in northern Europe and
employ about 6,000 professionals. In 2013, our net sales were about EUR 2.0
billion. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic
Exchange Helsinki. www.lemminkainen.com