Negative profit warning:
"New outlook for 2026:
Revenue for 2026 is estimated to be EUR 420–450 million and adjusted EBITA EUR 33–38 million. In 2025, the company’s revenue was EUR 426.6 million and adjusted EBITA was EUR 40.6 million (on a carve-out basis).
Previously published outlook for 2026:
Revenue for 2026 is estimated to be EUR 420–450 million and adjusted EBITA EUR 38–44 million. In 2025, the company’s revenue was EUR 426.6 million and adjusted EBITA was EUR 40.6 million (on a carve-out basis).
Reasons for the outlook adjustment
In January–June 2026, Lassila & Tikanoja’s preliminary revenue was EUR 211.1 million (199.4) and preliminary adjusted EBITA was EUR 10.1 million (15.9). The profitability of the environmental services business in January–June 2026 has developed more weakly than the previous year. In addition to a decline in waste management volumes, profitability was burdened by an increase in costs of approximately EUR 3 million compared to the previous year due to rising fuel prices, as well as an increase in gate fees for waste directed to incineration, which was driven by an oversupply of incinerable waste in the market. In the longer term, the oversupply of waste incineration capacity in Finland is estimated to create downward pressure on gate fees."