Luotea Oyj (0F29) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Lassilan Tikanoja earnings release for the first half of 2025. We have a little bit of a special combo here today with me. So I have Joni Suorsanen, our CFO, and then Antti Niitympää, head of our facility services business, here with me today. Good morning. Good morning. Yes. Well done. OK, so today we have two sections in our presentation. First, we will go through normal earnings release and we will have our first Q&A session after that. And then the second section or second half of the presentation will be focused on the partial demerger process and a little bit of the description of the new companies, and then there will be another Q&A session after that section. So two sessions, and I will stop then after the normal earnings release. Good, but let's go and then Joni and Antti will join me for their sections of the presentation. So a few highlights from the first half of 2025. We had very solid performance in circular economy and very nice improvement in facility services Finland. Strong sustainability performance. Our customer satisfaction reached an all-time high. NPS, so very good performance there. And then obviously the big news of today, that our board of directors approved the demerger plan to separate the circular economy business operations in the new publicly listed company. But I will get back to all of this later in the presentation. Net sales. Overall, our net sales declined still in second quarter, but less than in Q1. And after the first six months, we are some 3% behind previous year. Reasons are more or less the same as they were in the first quarter. In circular economy, The depressed general economic situation in Finland affected us, especially in the construction sector. In facility services Finland, lower contract ...