Finland's Lassila & Tikanoja Q1 profit falls on higher costs and lower volumes

Lassila & Tikanoja Oyj

06/05/2026 06:20

Overview

Finland circular economy firm's Q1 net sales rose 6% yr/yr to EUR 94.8 mln

Q1 adjusted EBITA and EPS declined as profitability was hit by higher costs and lower volumes

Company completed 150,000-share buyback during the quarter

Outlook

Company estimates 2026 net sales at EUR 420–450 mln

Company expects 2026 adjusted EBITA of EUR 38–44 mln

Company says oversupply of waste incineration capacity in Finland may pressure gate fees long term

Result Drivers

LOWER WASTE VOLUMES - Co said profitability was weakened by a decline in waste management volumes due to a challenging economic environment

HIGHER FUEL AND TREATMENT COSTS - Co said higher fuel prices and increased waste treatment fees, driven by an oversupply of incinerable waste, burdened profitability

ACQUISITIONS SUPPORT SALES - Net sales grew in part due to the acquisition of the pallet business and other acquisitions in 2025

Company press release: ID:nGNE10jgmg

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 94.80 mln
EUR 92.50 mln (2 Analysts)
Q1 EPS
-EUR 0.01
Q1 EBITDA
Miss
EUR 11 mln
EUR 13.50 mln (2 Analysts)
Q1 EBIT
-EUR 800,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "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 €8.60, about 17.8% above its May 5 closing price of €7.30

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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.)