Lassila & Tikanoja

Thank you very much, Rauli! This clarified things well.

If I may ask one more thing, how would you comment on the environmental services competitors in Finland – especially Verdis and Remeo? Both are private equity/family office owned, but the revenue development of these two competitors has been very different:

  • Verdis: Revenue has grown from approx. 40 MEUR (2020) → 70 MEUR (2024).
  • Remeo: Revenue has contracted significantly in 2023-24 (-37 MEUR vs 2022).

I’m wondering if Remeo has perhaps lost some significant municipal contracts while Verdis has gained market share on the corporate side?

3 Likes