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Lemminkainen Oyj (LEM1S.HE)

LEM1S.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Finnish Authority Asks to Extend Investigation of YIT and Lemminkainen Merger
Monday, 11 Dec 2017 

Dec 11 (Reuters) - LEMMINKAINEN OYJ ::THE FINNISH COMPETITION AND CONSUMER AUTHORITY APPLIES FOR AN EXTENSION FOR INVESTIGATING THE MERGER OF LEMMINKÄINEN CORPORATION AND YIT CORPORATION.‍FCCA HAS TODAY APPLIED FOR AN EXTENSION FROM FINNISH MARKET COURT UNTIL 26 JANUARY 2018​.‍PROVIDED THAT FINNISH MARKET COURT WILL GRANT APPLIED EXTENSION, COMPLETION WILL LIKELY BE DELAYED​.  Full Article

Lemminkainen Initiates Negotiations To Reduce Personnel
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Lemminkainen Oyj ::STARTS A PROGRAMME TO IMPROVE ITS COMPETITIVENESS AND PROFITABILITY IN SWEDEN AND NORWAY..THROUGH THESE ACTIONS, LEMMINKÄINEN AIMS TO SAVE APPROXIMATELY EUR 5 MILLION IN FIXED COSTS ANNUALLY.PERSONNEL IMPACT OF PLANNED MEASURES WILL BE UP TO 170 FULL-TIME EQUIVALENTS.PERSONNEL NEGOTIATIONS RELATED TO THIS MATTER WILL BE COMPLETED BY END OF Q1 OF 2018.  Full Article

Lemminkäinen To Build Parking Facility In Skellefteå
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Lemminkainen Oyj ::LEMMINKÄINEN OYJ - LEMMINKÄINEN TO BUILD A PARKING FACILITY IN SKELLEFTEÅ, SWEDEN INVESTOR NEWS.‍WORK WILL BEGIN AT Q1 2018, AND IT WILL BE COMPLETED BY END OF SEPTEMBER IN 2019​.VALUE OF CONTRACT IS ABOUT EUR 12 MILLION..  Full Article

Lemminkainen signs contract with Gals LLC
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - LEMMINKAINEN OYJ ::‍LEMMINKÄINEN AND GALS LLC SIGNED A CONTRACT ON CONSTRUCTION OF 2ND TURN OF BUSINESS PREMISE IN ST. PETERSBURG​.‍PARTIES HAVE AGREED NOT TO DISCLOSE VALUE OF CONTRACT​.  Full Article

Lemminkainen Q3 July-Sept. oper. profit up at EUR 48.7 mln
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - LEMMINKAINEN OYJ :Q3 NET SALES EUR ‍625.8​ MILLION VERSUS EUR 531.6 MILLION YEAR AGO.‍JULY-SEPTEMBER 2017 (7-9/2016) ORDER INFLOW WAS EUR 362.2 MILLION (351.4)​.‍ESTIMATES THAT ITS NET SALES IN 2017 WILL GROW FROM 2016 (EUR 1,682.7 MILLION)​.‍ADJUSTED OPERATING PROFIT IN 2017 IS EXPECTED TO IMPROVE FROM ADJUSTED OPERATING PROFIT IN 2016 (EUR 45.1 MILLION).‍JULY-SEPTEMBER OPERATING PROFIT AMOUNTED TO EUR 48.7 MILLION (42.8).  Full Article

Lemminkainen, Stockholm Vatten sign agreement for rock engineering work
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - LEMMINKAINEN OYJ :‍LEMMINKÄINEN AND STOCKHOLM VATTEN SIGNED AGREEMENT FOR ROCK ENGINEERING WORK IN HENRIKSDAL WASTEWATER TREATMENT PLANT​.‍VALUE OF AGREEMENT IS APPROXIMATELY EUR 30 MILLION​.‍WORK WILL BEGIN AT END OF OCTOBER 2017, AND IT WILL BE COMPLETED IN AUGUST 2019​.  Full Article

Lemminkainen, Agnico Eagle sign multi-year construction contract
Tuesday, 5 Sep 2017 

Sept 5 (Reuters) - LEMMINKAINEN OYJ ::LEMMINKÄINEN AND AGNICO EAGLE SIGN A MULTI-YEAR CONSTRUCTION CONTRACT ON GOLD MINE DEEP LEVEL TUNNEL AND EQUIPMENT WORK.‍CONTRACT VALUE IS APPROXIMATELY EUR 10 MILLION​.WORK WILL BEGIN AT LATEST IN OCTOBER 2017 AND IS SCHEDULED FOR COMPLETION IN 2019.  Full Article

Lemminkäinen and YIT to combine
Monday, 19 Jun 2017 

June 19 (Reuters) - LEMMINKAINEN OYJ ::LEMMINKÄINEN AND YIT TO COMBINE.‍LEMMINKÄINEN CORPORATION AND YIT CORPORATION ANNOUNCE TO HAVE AGREED UPON COMBINATION OF TWO COMPANIES THROUGH A MERGER​.‍TOTAL SYNERGIES ARE EXPECTED TO BE APPROXIMATELY EUR 40 MILLION ANNUALLY​.‍LEMMINKÄINEN WILL BE MERGED INTO YIT​.PRELIMINARY COMBINED ANNUAL REVENUE OF COMBINED COMPANY IS ABOUT EUR 3.4 BILLION AND OPERATING PROFIT APPROXIMATELY EUR 85 MILLION (IFRS, 2016).‍LEMMINKÄINEN'S SHAREHOLDERS WILL RECEIVE AS MERGER CONSIDERATION 3.6146 NEW SHARES IN YIT FOR EACH SHARE IN LEMMINKÄINEN OWNED BY THEM, CORRESPONDING TO AN OWNERSHIP IN COMBINED COMPANY POST-COMPLETION OF 60% FOR YIT SHAREHOLDERS AND 40% FOR LEMMINKÄINEN SHAREHOLDERS​.‍COMBINATION IS INTENDED TO BE COMPLETED ON EITHER NOVEMBER 1, 2017 OR JANUARY 1, 2018, AS POSSIBLE​.‍PRELIMINARY LONG-TERM FINANCIAL TARGETS OF COMBINED COMPANY WILL BE RETURN ON CAPITAL EMPLOYED OF MORE THAN 12 PERCENT​.‍PRELIMINARY LONG-TERM FINANCIAL TARGETS OF COMBINED COMPANY WILL BE ANNUALLY GROWING DIVIDEND PER SHARE​.  Full Article

Lemminkainen asks to appeal for some decisions about asphalt cartel
Monday, 19 Dec 2016 

Lemminkainen Oyj :Requests leave to appeal for some of the Helsinki Court of Appeal's decisions regarding damages related to the asphalt cartel.  Full Article

Lemminkainen to build new service house in Närpiö
Friday, 7 Oct 2016 

Lemminkainen Oyj : Builds new service house in Närpiö .Has signed agreement with Samfundet Folkhälsa to build sheltering house in Närpiö centre.  Full Article

Deals of the day-Mergers and acquisitions

June 19 The following bids, mergers, acquisitions and disposals were reported by 2045 GMT on Monday: