Lassila & Tikanoja - Company Announcement

LASSILA & TIKANOJA TO LAUNCH AN EFFICIENCY ENHANCEMENT PROGRAMME TO IMPROVE PROFITABILITY

Helsinki, Finland, 2012-04-26 06:55 CEST (GLOBE NEWSWIRE) -- LASSILA & TIKANOJA
PLC  STOCK EXCHANGE RELEASE  26 April 2012 7.55 am 

Lassila & Tikanoja is launching a new operational enhancement programme to
improve its profitability and to adapt operations to the current market
environment. The planned actions are estimated to improve profitability at
least by EUR 4 million annually, over half of this in 2012. 

The programme involves fixed cost cuts, price increases, holiday pay
arrangements and other efficiency improvement measures. 

L&T will record approximately EUR 1.0 million in non-recurring adjustment costs
associated with the programme for the second quarter. 


LASSILA & TIKANOJA PLC


Pekka Ojanpää
CEO


For additional information please contact
Pekka Ojanpää, CEO, tel +358 10 636 2810
Ville Rantala, CFO, tel. +358 50 385 1442
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 9,500 persons. Net sales in 2011 amounted to EUR
652 million. L&T is listed on NASDAQ OMX Helsinki. 


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