Q1 2022 Lassila & Tikanoja Oyj Earnings Call Transcript
Welcome to Lassila & Tikanoja's first-quarter result webcast. Today's broadcast is hosted by Lassila & Tikanoja's CEO, Eero Hautaniemi; and CFO, Valtteri Palin. There's an opportunity to ask questions at the end of the broadcast.
Eero, go ahead.
Thank you, Inka. And welcome also on my behalf to this first-quarter earnings release.
First, few highlights. Our strategy implementation is well on track. The first-quarter conditions were challenging. Despite the challenging conditions, we had excellent sales growth actually across the businesses, with the exception of Sweden. At the same time, the higher fuel prices and especially COVID-19 affected negatively to all of our business lines. We have implemented extensive price increases and other measures that will compensate this effect on the coming quarters. Also, according to our strategy, the industrial services entered to Swedish market with the acquisition of SVB.
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