2017-11-30 11:00:00 CET

2017-11-30 11:00:03 CET


REGULATED INFORMATION

English
Lemminkäinen - Inside information

Lemmikäinen Paving segment to improve its competitiveness in Sweden and Norway and initiate negotiations to reduce personnel


LEMMINKÄINEN CORPORATION      STOCK EXCHANGE RELEASE 30 NOVEMBER 2017 AT NOON

LEMMIKÄINEN PAVING SEGMENT TO IMPROVE ITS COMPETITIVENESS IN SWEDEN AND NORWAY
AND INITIATE NEGOTIATIONS TO REDUCE PERSONNEL

Lemminkäinen’s Paving segment starts a programme to improve its competitiveness
and profitability in Sweden and Norway.

Both in Sweden and Norway, the market outlook is good but Lemminkäinen has
suffered from the intense price competition and weak operative performance. The
company estimates that to improve its competitiveness and profitability, it
needs to re-estimate its regional presence and seek ways to lighten its
operating model in both countries.

Through these actions, Lemminkäinen aims to save approximately EUR 5 million in
fixed costs annually. According to the initial estimates, the personnel impact
of the planned measures will be up to 170 full-time equivalents. Personnel
negotiations related to this matter will start in Sweden and Norway on 30
November 2017 according to local law and regulations and they will be completed
by the end of first quarter of 2018.

LEMMINKÄINEN CORPORATION
Corporate Communications

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

DISTRIBUTION:
Nasdaq Helsinki Ltd
Key media
www.lemminkainen.com

Lemminkäinen is an expert in complex infrastructure construction and building
construction in Northern Europe and one of the largest paving companies in its
market. Together with our customers and 4,700 professionals we employ, we build
a sustainable society. In 2016, our net sales were EUR 1.7 billion. Lemminkäinen
Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com