Lassila & Tikanoja - Company Announcement

Lassila & Tikanoja plc changes its financial targets with respect to gearing

Lassila & Tikanoja plc
Stock exchange release
3 February 2016 at 8:05 a.m.




Lassila & Tikanoja plc changes its financial targets with respect to gearing

The Board of Directors of Lassila & Tikanoja plc has decided to change its
target range for gearing for the strategy period 2014 - 2018. The new range is
0 - 70 per cent. The previous range was 30 - 80 per cent. The change is based
on the company’s strong cash flow as well as the need to prepare for potential
acquisitions and other capital expenditure. 

In the prevailing economic situation, the company’s focus remains on
strengthening its market position and ensuring profitability and cash flow
through the development of its business operations and by targeted business
acquisitions. 

LASSILA & TIKANOJA PLC


Pekka Ojanpää
President and CEO


For additional information, please contact:
Timo Leinonen, CFO, tel. +358 400 793 073

Lassila & Tikanoja is a service company that is transforming 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 2015 amounted to EUR 646.3
million. L&T is listed on Nasdaq Helsinki. 


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