Finland's Lassila & Tikanoja beats Q2 sales estimates on strength in Waste Management and Recycling segment

Lassila & Tikanoja Oyj

06/08/2026 06:11

Overview
Finland environmental services firm's Q2 net sales grew 5.7%, beating analyst expectations
Adjusted EBITA and profitability declined due to higher fuel prices and increased gate fees
Company launched efficiency programme and announced layoffs and terminations for up to 440 employees

Outlook
Company sees 2026 net sales at EUR 420–450 mln
Company expects 2026 adjusted EBITA of EUR 33–38 mln
Company expects second-half adjusted EBITA to match prior-year period, assuming stable fuel prices

Result Drivers
HAZARDOUS WASTE PROJECTS - Net sales growth in hazardous waste and remediation driven by strong project pipeline and stable demand
HIGHER FUEL PRICES - Profitability burdened by increased fuel costs due to Middle East crisis
INCREASED GATE FEES - Profitability weakened by higher gate fees for waste-to-energy amid oversupply of incinerable waste

Company press release: ID:nGNE1nfM0c

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
EUR 116.20 mln
EUR 114.33 mln (3 Analysts)
Q2 EPS
 
EUR 0.14
 
Q2 EBITDA
Miss
EUR 20.90 mln
EUR 22 mln (2 Analysts)
Q2 EBIT
 
EUR 8.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Lassila & Tikanoja Oyj is €8.30, about 23.9% above its August 5 closing price of €6.70
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Aug 4 - Finland's permanent nuclear waste facility wins backing from regulator
Aug 4 - BrightView Q3 profit misses estimates as higher fuel prices drag margin
Aug 4 - UK's Symphony Environmental H1 revenue rises 23%, returns to profit

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)