Q1 2024 Lassila & Tikanoja Oyj Earnings Call Transcript
Welcome to Lassila & Tikanoja first-quarter result webcast. The broadcast is hosted by L&T's CEO, Eero Hautaniemi; and CFO, Valtteri Palin. (Operator Instructions) But without further ado, Eero, the stage is yours.
Thank you, Inka. Welcome to this first-quarter earnings release. Typically, first quarter is the smallest quarter for Lassila & Tikanoja, and this year, the effect is strengthened by the slowness of Finnish economy and also the political strikes that we experienced here in Finland.
In industrial services, we had a solid performance in all business lines. In environmental services, we were able to largely compensate the effects of municipalization in Finnish facility services -- solid performance and the turnaround is on track. And in Sweden, we did have some challenges, which was -- affected especially by a loss of a large customer at
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