Well, this looks quite good: Lassila & Tikanoja Oyj:n osavuosikatsaus 1.1. - 31.3.2025 - Inderes
- The first quarter’s net sales were EUR 175.5 million (185.0). Net sales decreased by 5.1%.
- Adjusted operating profit was EUR 2.7 million (0.0), which was 1.5% (0.0) of net sales. Operating profit was EUR 3.7 million (-1.7), which was 2.1% (-0.9) of net sales.
- Net cash flow from operating activities after investments was EUR 6.6 million (-9.4).
- Earnings per share were EUR 0.09 (-0.02) and net cash flow from operating activities after investments per share was EUR 0.17 (-0.25).
- The preparation for the partial demerger, initiated in December 2024, proceeded as planned during the review period.
And indeed, the situation in Real Estate Services is improving: In Real Estate Services, profitability improved despite the decrease in net sales. In Real Estate Services Finland, the decrease in net sales was influenced by a winter with little snow and the planned streamlining of the contract portfolio. Demand for digital services, such as data-driven cleaning and AI-assisted energy efficiency services, remained strong. Measures to lighten the cost structure and improve operational efficiency continued, and the segment’s operating profit clearly improved. In Real Estate Services Sweden, the loss decreased as expected in the first quarter. Measures to simplify operating models and adjust the cost level continued. New customer accounts gained in late 2024 and ongoing measures to improve profitability create a good foundation for Real Estate Services Sweden to achieve a turnaround in results during 2025.
At 10:30 AM, Eero will speak. I wonder if the link to the webcast was forgotten from the release; I dug it up from elsewhere: Interim Report January – March 2025