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Lassila & Tikanoja announces changes in segment reporting from 1 January 2018.

M2 EQUITYBITES-December 15, 2017-Lassila & Tikanoja announces changes in segment reporting from 1 January 2018

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Lassila & Tikanoja Oyj (HEL:LAT1V), a provider of environmental management and maintenance services, announced on Thursday that it will change its segment reporting from 1 January 2018.

Effective this change, Maintenance of Technical Systems will be reported independently and separated from the Facility Services segment.

Also, from the beginning of 2018, Maintenance of Technical Systems will be managed as a separate segment that comprises the maintenance of technical systems businesses in Finland and Sweden. President and CEO Pekka OjanpAaAaAeAnAaAaAeAn will act as the VP of the Maintenance of Techn Systems segment.

According to the company, with this change, it aims to make the most of the growth opportunities in the maintenance of technical systems business and the synergy between the business operations in Finland and Sweden.

Lassila & Tikanoja will publish comparative financial information of the Facility Services and the Maintenance of Technical Systems segments from 2017 before publishing the interim report Q1 2018.

Effective 1 January 2018, Lassila & Tikanoja's new structure consists of the five reporting segments of Environmental Services, Industrial Services, Facility Services, Renewable Energy Sources and Maintenance of Technical Systems. The interim report for the first quarter of 2018 will be prepared in accordance with the new reporting structure.

Lassila & Tikanoja provides waste management and recycling services, property and plant maintenance, industrial cleaning services, as well as hazardous waste management, damage repair and sewer services.

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Date:Dec 15, 2017
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