Lassila & Tikanoja

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Rauli’s quick comment:

Summary

  • Lassila & Tikanoja’s Q4 revenue was EUR 111 million, exceeding our expectation of EUR 109 million, and grew 5.5% year-on-year.
  • Adjusted EBITA was EUR 9.0 million, falling slightly short of our forecast of EUR 9.5 million, due to, among other things, depreciation and additional costs from a new IT system.
  • The company’s guidance for this year is steady as expected, with revenue at EUR 420-450 million and adj. EBITA at EUR 38-44 million, which is in line with our forecasts.
  • The dividend proposal is EUR 0.42 per share, slightly below our expectation of EUR 0.45, but of the expected magnitude for the new company.
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