Latest news with #Demerger
Yahoo
09-06-2025
- Business
- Yahoo
Inside information: Progress in the planning of Lassila & Tikanoja plc's partial demerger
Lassila & Tikanoja plcInside information 9 June 2025 at 9:00 a.m. Inside information: Progress in the planning of Lassila & Tikanoja plc's partial demerger The Board of Directors of Lassila & Tikanoja plc proposes the appointment of CEOs and CFOs for the Circular Economy and Facility Services businesses as part of the planned partial demerger. Eero Hautaniemi is proposed as the CEO of the Circular Economy business and Antti Niitynpää is proposed as the CEO of the Facility Services business as part of Lassila & Tikanoja plc's planned partial demerger. As part of the plan announced on 13 December 2024 to separate Lassila & Tikanoja plc's ("Lassila & Tikanoja") Circular Economy business into a new publicly listed company through a partial demerger of Lassila & Tikanoja ("Demerger"), the Board of Directors proposes that Eero Hautaniemi be appointed as the CEO of the independent Circular Economy business, should the partial demerger be executed. Simultaneously, the Board of Directors of Lassila & Tikanoja proposes that Antti Niitynpää, eMBA, born 1972, be appointed as the CEO of the Facility Services business remaining following the Demerger, subject to the completion of the Demerger. Eero Hautaniemi has served as the CEO of Lassila & Tikanoja and as a member of the Lassila & Tikanoja's Group Executive Board since 2019 and will continue in his current position as the CEO of Lassila & Tikanoja until the completion of the contemplated Demerger, in connection with which the appointments relating to the Demerger will come into effect. Antti Niitynpää has served as the Senior Vice President of Facility Services at Lassila & Tikanoja since 2021 and has over 10 years of experience in leadership positions within the company's facility services. Prior to that, he held several leadership positions at ISS companies for over 10 years. The Board of Directors of Lassila & Tikanoja plc additionally proposes that (Econ.) Joni Sorsanen be appointed as the CFO of the independent Circular Economy business and (Econ.) Mika Stirkkinen be appointed as the CFO of the Facility Services business, should the partial demerger be executed. Joni Sorsanen has served as the CFO of the Lassila & Tikanoja Group and as a member of the Group Executive Board since 2024 and will continue in his current position until the completion of the contemplated Demerger, in connection with which the appointments regarding the Demerger will come into effect. Mika Stirkkinen has over 20 years of experience in financial management, including serving as the CFO of Finnair. LASSILA & TIKANOJA PLC Board of Directors Jukka LeinonenChairman of the Board of Directors For additional information:Eero Hautaniemi, President and CEO, tel. +358 10 636 2810 Lassila & Tikanoja is a service company that is putting the circular economy into practice. Together with our customers, we keep materials, manufacturing sites and properties in productive use for as long as possible and we enhance the use of raw materials and energy. This is to create more value with the circular economy for our customers, personnel and society in a broader sense. Achieving this also means growth in value for our shareholders. Our objective is to continuously grow our actions' carbon handprint, our positive effect on the climate. We assume our social responsibility by looking after the work ability of our personnel as well as offering jobs to those who are struggling to find employment, for example. With operations in Finland and Sweden, L&T employs approximately 7,400 people. Net sales in 2024 amounted to EUR 770.7 million. L&T is listed on Nasdaq Helsinki. Distribution:Nasdaq HelsinkiMajor
Yahoo
20-05-2025
- Automotive
- Yahoo
SKF India Ltd (BOM:500472) Q4 2025 Earnings Call Highlights: Strong Full-Year Growth Amidst Q4 ...
Release Date: May 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SKF India Ltd (BOM:500472) reported a solid full-year growth of 8%, with sales reaching approximately 4,830 crore. The company's profit before tax margin improved significantly from 11.9% to 23.3% due to cost-saving efforts and gross margin improvements. The demerger process is on track, aiming to create two independent entities with better management focus and tailored capital deployment. Automotive segment showed strong growth in commercial vehicles and tractors, driven by e-commerce and favorable monsoon predictions. The company is planning to double its CapEx over the next 2-3 years to enhance capacity and localization, aiming for 70% localization at an ICL level. Q4 sales growth was muted at 1% year-on-year, attributed to a strong Q3 and significant export declines due to global macroeconomic conditions. The company's cash flow was down due to changes in networking capital, with increased inventory and receivables impacting liquidity. The industrial production index and construction sector saw declines, which could pose challenges for future growth. There was a significant adjustment in transfer pricing, which affected margins and may lead to future volatility. The company's inventory levels have risen, partly due to anticipated demand, but this could pose risks if not managed effectively. Warning! GuruFocus has detected 2 Warning Sign with BOM:500472. Q: Can you share a detailed demand outlook for next year across key segments, and provide margin numbers for the auto and industrial segments for FY 2025? A: (CFO) For FY 2025, we expect margins to be in line with FY 2024, with automotive EBITDA margins around 18% and industrial around 17%. PBT margins are expected to be around 16% for both segments. The numbers are still being finalized. In terms of demand, automotive is seeing strong growth in commercial vehicles, tractors, and SUVs, with a growing presence in EVs. Industrial growth is expected to be flat to slightly up, with sectors like food and beverage, wind and renewable energy, and railways showing potential growth. Q: Why was there a positive catch-up on transfer pricing in Q4 FY 2025, and is it completed? A: (CFO) The significant adjustment on transfer pricing was made in Q4 FY 2025 to align margins with acceptable levels for tax authorities. This adjustment is completed for the financial year. The overall EBITDA margin for FY 2025 was around 17.5%, slightly down from 18.1% last year, mainly due to price increases and portfolio pruning. Q: What is the expected CapEx for the new companies post-demerger, and how will it affect localization? A: (CFO) We expect CapEx to double in the next 2-3 years, reaching around 250 to 270 crore annually. Currently, industrial localization is at 30%+, and we aim to reach 70% at an ICL level. The CapEx will support capacity expansion and localization efforts. Q: How will the Pune plant be split between automotive and industrial segments? A: (Managing Director) The Pune plant will not be physically split. A new plant will be built to move specific industrial-focused lines, and capacity will be added as needed for both segments. Q: How is senior management evaluated on growth, margins, and exports? A: (Managing Director) Senior management is evaluated on growth and operating margins, not specifically on exports. The evaluation criteria have remained consistent, focusing on sales growth and operating margin. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
