# Lassila & Tikanoja Oyj > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/lassila&tikanoja). ## Overview Lassila & Tikanoja is a Finnish company specializing in environmental management and property maintenance services. It operates primarily in Finland and Sweden, focusing on circular economy and property services. The company is involved in municipal contracts and provides long-term service agreements, project business, and equipment sales. Lassila & Tikanoja is also engaged in digital solutions to enhance service efficiency and sustainability. ## Products & services • Circular economy services • Property maintenance services • Long-term service agreements • Project-based services • Equipment sales and rentals • Digital solutions for efficiency • Waste management and recycling - **Circular Economy Services** (58%) — Includes waste management and recycling services. - **Property Maintenance Services** (27%) — Covers maintenance and cleaning services for properties. - **Project Business** (10%) — Involves project-based service delivery. - **Equipment Sales and Rentals** (5%) — Sales and rentals of equipment and materials. - Circular economy services - Property maintenance services - Long-term service agreements - Project-based services - Equipment sales and rentals - Digital solutions for efficiency - Waste management and recycling ## Customers Lassila & Tikanoja serves a diverse range of customers, primarily municipalities and commercial property owners in Finland and Sweden. The company is a significant player in municipal contracts, participating in competitive bidding processes. Customers seek Lassila & Tikanoja's services for their expertise in sustainable waste management and property maintenance. The company also targets businesses looking for digital solutions to improve operational efficiency and sustainability. - **Municipalities** (primary) — Procure waste management and recycling services through competitive bidding. - **Commercial Property Owners** (primary) — Require maintenance and cleaning services for their properties. - **Businesses** (secondary) — Seek digital solutions for operational efficiency and sustainability. - Municipalities seeking waste management services - Commercial property owners needing maintenance services - Businesses looking for sustainable solutions - Clients interested in digital efficiency tools - Organizations requiring long-term service agreements - Project-based service clients - Equipment rental and sales customers ## Geography Lassila & Tikanoja operates mainly in Finland and Sweden, with its headquarters located in Finland. The company has a strong presence in the Nordic region, where it participates in municipal contracts and serves commercial clients. Its operations are influenced by regional economic conditions and regulatory changes, particularly in waste management. The geopolitical situation, including tensions in Russia and trade policies in the US, can indirectly affect its business environment. - **Nordics** (100%) — Operations mainly in Finland and Sweden - Headquartered in Finland with operations in Sweden - Strong presence in the Nordic region - Participates in municipal contracts in Finland and Sweden - Operations influenced by regional economic conditions - Geopolitical tensions can impact business environment ## Strategy Lassila & Tikanoja focuses on enhancing operational efficiency and sustainability through a strategic improvement program. The company aims to achieve significant cost savings and improve profitability by 2026. It is investing in digital solutions to streamline operations and enhance service delivery. The company is also committed to reducing its carbon footprint and improving customer satisfaction through innovative service offerings. - **Operational Efficiency** (medium-term) — To achieve cost savings and improve profitability. - **Digital Solutions** (medium-term) — To streamline operations and enhance service delivery. - **Sustainability** (long-term) — To reduce carbon footprint and enhance brand reputation. - Enhancing operational efficiency through strategic programs - Aiming for significant cost savings by 2026 - Investing in digital solutions for better service delivery - Reducing carbon footprint as part of sustainability goals - Improving customer satisfaction with innovative services ## Risks Lassila & Tikanoja faces several risks, including environmental liabilities and the impact of regulatory changes in waste management. The company's reliance on digital solutions exposes it to cybersecurity threats and system disruptions. Geopolitical tensions and economic uncertainties in key markets like Finland and Sweden can affect demand for its services. Additionally, challenges in recruiting skilled personnel may impact service quality and operational efficiency. - **Environmental Liabilities** [high] — Potential costs and reputational damage from environmental incidents. - **Regulatory Changes** [medium] — Changes in waste management regulations can impact contracts. - **Cybersecurity Threats** [high] — Reliance on digital solutions increases exposure to cyber risks. - **Economic Uncertainty** [medium] — Economic conditions in Finland and Sweden affect service demand. - Environmental liabilities from waste management operations - Regulatory changes affecting waste management contracts - Cybersecurity threats to digital solutions - Economic uncertainties in Finland and Sweden - Geopolitical tensions impacting business environment - Challenges in recruiting skilled personnel ## Accounting Lassila & Tikanoja's financial statements are influenced by several critical accounting matters, including revenue recognition from long-term service agreements and project-based contracts. The company must carefully manage estimates and provisions related to environmental liabilities. Changes in IFRS standards, such as IFRS 15, impact how revenue is recognized over time. Additionally, fluctuations in currency exchange rates, particularly the Swedish Krona, can affect financial reporting. - **Revenue Recognition** — Significant on reported revenue - **Environmental Provisions** — Affects balance sheet and provisions - **Currency Fluctuations** — Notable on reported earnings - Revenue recognition from long-term service agreements - Estimates and provisions for environmental liabilities - Impact of IFRS 15 on revenue recognition - Currency exchange rate fluctuations affecting reporting - Adjustments for changes in accounting standards --- *Last updated: 2026-08-11T04:04:53.888828+00:00*