Lassila & Tikanoja PlcPrivate▼ Negative
DemandSupplyrelevance
Lower volumes in Waste Management business due to oversupply of incinerable waste in Finland.
Lassila & Tikanoja has revised its 2026 outlook downward, now expecting adjusted EBITA of EUR 33–38 million on net sales of EUR 420–450 million. The previous outlook had forecast adjusted EBITA of EUR 38–44 million on the same net sales range. The revision reflects weaker profitability in the Waste Management business during the first half of 2026, with preliminary adjusted EBITA falling to EUR 10.1 million from EUR 15.9 million a year earlier, burdened by lower volumes, a roughly EUR 3 million increase in fuel costs, and higher waste-to-energy gate fees due to an oversupply of incinerable waste in Finland. The company has implemented price increases, launched an efficiency programme, and concluded change negotiations that will result in up to 20 terminations and up to 420 temporary layoffs, aiming to achieve second-half adjusted EBITA at the same level as the prior-year period.
Lower volumes in Waste Management business due to oversupply of incinerable waste in Finland.