Listeds - [Earnings wrap] Luotea slumps, Keskisuomalainen slides as Citycon flat and L&T dips after results

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[Earnings wrap] Luotea slumps, Keskisuomalainen slides as Citycon flat and L&T dips after results

Feb 27, 2026

Shares in Luotea plunged today after the Lassila & Tikanoja spinoff reported weaker net sales in 2025, even as the OMX Helsinki 25 index edged up 0.16% to 6,147.12 in the afternoon.

Luotea, a Finnish facility services provider spun off from Lassila & Tikanoja at year-end, fell 10.9% to EUR 2.48. The drop came after the company reported 2025 net sales of EUR 346.0 million, down 1.0% year-on-year. Adjusted EBITA improved to EUR 7.0 million from EUR 1.2 million, while operating profit rose to EUR 3.0 million from a loss of EUR 31.8 million. Earnings per share were EUR 0.03, compared with -0.82 a year earlier. CEO Antti Niitynpää said 2025 was “a year of improving profitability” and the board proposed a dividend of EUR 0.07 per share. For 2026, Luotea expects adjusted EBITA to increase from the 2025 level.

Keskisuomalainen declined 2.9% to EUR 10.10 around 1:30 p.m., following the Finnish media group’s earnings release yesterday afternoon. The company posted 5.0% revenue growth to EUR 212.8 million in 2025. Comparable operating profit surged to EUR 14.7 million from EUR 2.6 million, and net profit reached EUR 8.8 million versus a loss of EUR 6.2 million. EPS came in at EUR 0.80.

“The results can be considered excellent,” Keskisuomalainen CEO Vesa-Pekka Kangaskorpi said, as the board proposed a dividend of EUR 0.70 per share. The company expects 2026 revenue to remain at the same level or decline slightly, with comparable operating profit easing somewhat.

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Lassila & Tikanoja, a circular economy services company, slipped 0.7% to EUR 7.61. Full-year net sales rose 0.7% to EUR 426.6 million, while adjusted EBITA fell to EUR 40.6 million from EUR 44.4 million, per its 2025 earnings released today. EPS decreased to EUR 0.67 from EUR 0.83. The board proposed a dividend of EUR 0.42 per share and guided for 2026 net sales of EUR 420–450 million and adjusted EBITA of EUR 38–44 million.

Citycon, a Nordic mixed-use real estate owner and developer, was broadly flat at EUR 3.79 today after publishing its 2025 report late last night. Like-for-like net rental income increased 5.4% in 2025, while IFRS EPS improved to EUR 0.29 from -0.40. The company reduced its loan-to-value ratio to 44.9% and expects like-for-like net rental income to grow in 2026.

Authors

Emmi Laine

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.