contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


composition-of-lassila-and-tikanoja-plcs-nomination-board-6

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Lassila &amp; Tikanoja is a multi-service company within the industrial sector. The company has a special focus on circular economy, and develops products and related services within the area of recycling, waste management. The company's services also include process cleaning, sewage maintenance and related services. Lassila &amp; Tikanoja is headquartered in Helsinki.

Our friend Rauli has written a new company report on L&T  The stock market journey of the new L&T has started sluggishly, and in our opinion, the valuation is already very attractive for a defensive and stable business (adj. P/E and EV/EBIT around 10x). In addition to the low valuation, we believe the expected return is supported by earnings growth, dividend yield, and the possibility of L&T becoming an acquisition target. We are upgrading L&T’s recommendation to Buy (prev. Accumulate) while maintaining the target price at 8.8 euros. You can read more about the new L&T in the initiation of coverage report published at the turn of the year. Quoted from the report:  In summary, we state that L&T’s expected return for the coming years consists of a steady dividend yield, moderate earnings growth, and potential for multiple expansion. The stock’s valuation level is attractive by many metrics, but a stronger rise in multiples may require a clearer outlook for revenue and earnings growth than currently seen. In our opinion, the company is also a very potential acquisition target. If realized, an acquisition would presumably raise the valuation significantly in one fell swoop.                     Inderes              Lassila & Tikanoja: Kiertotalouden uusi alku on alennusmyynnissä - Inderes    Uuden L&T:n pörssitaival on alkanut vaisusti, ja arvostus on mielestämme nyt defensiiviselle ja tasaiselle liiketoiminnalle jo hyvin edullinen (oik. P/E ja EV/EBIT noin 10x).

Is Lassila & Tikanoja’s purpose to remain mainly in logistics (apparently also some waste disposal operations, pallet rental, etc., etc., etc.) or does the company plan to enter the actual recycling business? I mean something similar to what Lamor and Neste do with plastics, Betolar with mining waste, Foamit with glass, and EcoUP with insulation waste. I would also include some form of sorting in this “recycling business,” where robots sort recyclable material from mixed waste (which no listed company in Finland seems to do). Processing bio-waste into biogas is, I suppose, relatively simple, but from what I understand, it is highly competitive and the margins are probably reflective of that. Correct me if I’m wrong. So, is the intention to invest in this type of heavier waste processing and become a true circular economy company, rather than just a logistics operator in the field (of course, they already have those previously mentioned smaller operations + some vague mentions of the possible existence of this type of activity without a more concrete description)? In the video, Rauli mentioned that this is possible. But are there any concrete plans regarding this, beyond just the theoretical possibility? And if L&T were to go down this path, would it fundamentally be a good or bad thing? Naturally, it depends on what they would start doing and at what price. To summarize:  Does L&T have concrete plans to get more broadly involved in waste processing in addition to current logistics? Would this type of expansion be a good or bad thing? (again, depending on what and at what price)  EDIT: A comprehensive report on the “new Tikanoja” has already been released. It states the following: “From now on, Lassila & Tikanoja’s business will consist purely of circular economy-related activities based on returning waste and side streams to circulation at the highest possible degree of processing.” The mention above would suggest that something like this already exists, but I haven’t found what it is in concrete terms. If something already exists, I’ve completely missed it, and I can’t find any detailed descriptions of what is being done. I only found vague mentions suggesting that something like this might already be in place. Either I failed in digging up information, or L&T has failed in its communication. In their communication, the garbage trucks and waste bins are always what’s remembered. Also, “industrial services and water treatment” make up 19% of the company’s operations according to Inderes’ comprehensive report. Bonus questions: In the company’s case, is water treatment practically just collecting sludge from small-scale treatment plants in rural areas? Or is there some major industrial water treatment? Do they process it themselves or are they just in logistics with vacuum trucks etc.? There would be an opportunity for biogas and other things here. In Rovaniemi, sewage sludge is incinerated for energy. That’s also an interesting idea. It is, of course, a different matter whether this is an actual gold mine. At least not yet.

This slipped my mind during the holidays, but good catch. I should have just removed that from the report. There was some manual adjustment because the historical balance sheet doesn’t correspond to reality, which messed up the sensitivity calculations. Fortunately, it should be resolved once we get the figures for the end of 2025, or at least I hope we’ll get actual balance sheets for the demerged companies at the turn of the year, but it’s not actually certain.

Juho Toratti has also written about L&T’s demerger.  Lassila & Tikanoja’s partial demerger seems like a sensible and justified strategic move. The Circular Economy business, formed at the beginning of 2025 from the company’s former Environmental Services and Industrial Services segments, is a growing and profitable entity. In contrast, the Facility Services business, formed from the Finnish and Swedish facility services, has in recent years remained stagnant or declined, driven primarily by challenges in the Swedish market.                   Sijoittaja.fi – 8 Jan 26              Lassila & Tikanoja jakautui - järjestely aiheuttaa sijoittajalle päänvaivaa    Lassila & Tikanoja osittaisjakautui vuodenvaihteessa Luoteaksi ja Lassila & Tikanojaksi. Nimijärjestelyn lisäksi yhtiöiden vanhentuneet ennusteet hankaloittavat niiden seurantaa.

Based on the aforementioned grounds, the acquisition cost of a Sampo plc share is 91.66 percent of Sampo plc’s original acquisition cost before the partial demerger. Based on the aforementioned grounds, the acquisition cost of a Mandatum plc share is 8.34 percent of Sampo plc’s original acquisition cost before the partial demerger. Isn’t that quite clear? It gives you your own acquisition prices based on those.

I checked that Sampo value on Vero.fi, and it wasn’t stated very clearly

Having some insight into the company, I can agree with the view that increasing profitable growth may be challenging. I don’t know if growth at any cost is now being prioritized in the company’s strategy. Several local contracts have been won recently, and at the unit level, these are not exactly small. The new projects that have already started are apparently running at a loss, and based on inquiries, a larger upcoming project will likely follow the same line. These are not 100% facts, though. I don’t know if this is a case of an individual failed local bid calculation or a general policy (hope not!). This kind of activity does not increase my confidence as an investor. I am, however, under the belief that the company’s operations should be profitable. But as I stated, the perspective is only local, and in light of these actions, the big picture remains a bit of a question mark, at least for me.

Lassila & Tikanoja

Lassila & Tikanoja Plc Stock exchange release 29 January 2026 at 9.25 AM EET Composition of Lassila & Tikanoja Plc’s Nomination Board Lassila & Tikanoja Plc’s three largest shareholders, who...

Lassila &amp; Tikanoja Plc Stock exchange release 29 January 2026 at 9.25 AM EET Composition of Lassila &amp; Tikanoja Plc’s Nomination Board Lassila &amp; Tikanoja Plc’s three largest shareholders, who are determined on the basis of the shareholder register held by Euroclear as per 14 January 2026 and who are shareholders acting according to the principles otherwise mentioned in the Charter, are entitled to appoint their representatives to the company’s Nomination Board. According to the Charter of the Nomination Board, a group of shareholders may agree on the appointment of a joint representative to the Nomination Board. The following two groups of shareholders have agreed on the appointment of a joint representative: Evald and Hilda Nissi Foundation and Bergholm Heikki as the first group and Chemec Oy, CH-Polymers Oy, Maijala Eeva, Maijala Investment Oy, Maijala Juhani, Maijala Juuso, Maijala Miikka, Maijala Mikko, Maijala Roope and Maijala Tuula as the second group. Lassila &amp; Tikanoja Plc’s three largest shareholders, who are entitled to appoint a representative to Lassila &amp; Tikanoja Plc’s Shareholders’ Nomination Board in January 2026, are the above-mentioned two groups of shareholders and Nordea Funds Ltd (through 11 funds managed by it). The following persons have been appointed as their representatives in Lassila &amp; Tikanoja’s Nomination Board: <ul><li>Juhani Lassila – Chairman of the Board, Evald and Hilda Nissi Foundation, group of shareholders (approximately 11.5% of shares and votes)</li><li>Miikka Maijala – CEO, Clinius Oy, group of shareholders (approximately 9.4% of shares and votes)</li><li>Josefin Degerholm - CEO, Nordea Funds Ltd (approximately 6% of shares and votes)</li></ul> The Chairman of Lassila &amp; Tikanoja Plc’s Board of Directors, Jukka Leinonen, acts as the fourth member of the Nomination Board. The Chairman of the Nomination Board is Juhani Lassila. &nbsp; The Nomination Board prepares proposals for board members and board remuneration for the next Annual General Meeting. LASSILA &amp; TIKANOJA PLC Hilppa Rautpalo SVP, Legal, HR and EHSQ Additional information: Hilppa Rautpalo tel. +358 10 636 2810 Lassila &amp; Tikanoja is a leading Nordic circular economy company committed to unleashing the potential of circularity together with its customers and partners. Our services include waste management and recycling, hazardous waste and remediation services as well as industrial services and water treatment. Our goal is to strengthen an efficient infrastructure in society and promote the sustainable use of materials by transforming waste streams into valuable raw materials. L&amp;T employs approximately 2,300 people in Finland and Sweden and is listed on Nasdaq Helsinki. Distribution: Nasdaq Helsinki Major media www.lt.fi/en <img src="https://www.globenewswire.com/newsroom/ti?nf=MTAwMTE2MTg0MCM0MDIzMjQxNTMjMjMwNTE2MA==" alt=""> <img src="https://ml-eu.globenewswire.com/media/MTIzY2RlMGUtOWMwNS00NzdmLTg3NjEtNTJmMDM0OTNjNGUzLTEzMTY3MTAtMjAyNi0wMS0yOS1lbg==/tiny/Lassila-Tikanoja-Plc.png" alt="">