Revenue was 116.2 million euros (109.9). Revenue increased by 5.7%.
Adjusted EBITDA was 21.3 million euros (24.2), which was 18.3% (22.0) of revenue.
Adjusted EBITA was 9.8 million euros (13.3), which was 8.4% (12.1) of revenue. Profitability was burdened not only by a decline in waste management volumes but also by rising fuel prices and increased treatment fees for waste directed to incineration.
Operating profit was 8.8 million euros (12.3), which was 7.6% (11.2) of revenue.
Earnings per share¹ was 0.14 euros (0.22).
January–June 2026 performance
Revenue was 211.1 million euros (199.4). Revenue increased by 5.9%. Revenue grew in all service areas, but particularly in the hazardous waste and restoration business.
Adjusted EBITDA was 32.8 million euros (36.9), which was 15.6% (18.5) of revenue.
Adjusted EBITA was 10.1 million euros (15.9), which was 4.8% (8.0) of revenue. Profitability was burdened not only by a decline in waste management volumes but also by rising fuel prices, increased treatment fees for waste directed to incineration, and higher depreciation.
Operating profit was 8.0 million euros (15.8), which was 3.8% (7.9) of revenue.
Earnings per share¹ was 0.12 euros (0.33).
Net cash flow from operations after investments was -2.7 million euros (5.4). Accounting for one-off payments related to the partial demerger and interest payments on financial loans not included in the comparative period’s cash flow, net cash flow from operations after investments was at the previous year’s level.
On July 14, 2026, the company narrowed its outlook for 2026. Revenue for 2026 is estimated to be 420–450 million euros and adjusted EBITA 33–38 million euros.
Lassila & Tikanoja released its Q2 results today. The company had already provided preliminary figures for the second quarter in July and simultaneously lowered its full-year earnings guidance, so the main points of the report were already known to the market. Overall, the new information provided by the report is limited, and we do not believe it will lead to any significant forecast changes.
Lassila & Tikanoja Plc announced on March 19, 2026, that Eero Hautaniemi, who has served as the CEO of Lassila & Tikanoja Plc since 2019, has expressed his wish to step down from his position no later than June 30, 2027. The company’s Board of Directors has initiated a search process for a new CEO.
In the Q2 webcast, the CEO says (around 10:20) that L&T already has a good share in data center projects.
The project pipeline for data centers is significant in Finland, so L&T is getting a new pillar of support for the construction and maintenance phases.
"At the end of June, there were 128 data center projects being advanced in Finland, according to information maintained by the Confederation of Finnish Industries (Elinkeinoelämän keskusliitto).
An investment decision has been made for 28 projects, and there are 14 ongoing projects in 11 different localities."
