Explore and follow profiles from this article to get timely updates:
A day before Luotea posted half-year results showing Sweden pulling ahead of a lagging Finland, the group named Rikard Nyhrén, most recently of Intea and Newsec, as CEO of its Swedish operations from February 2027 with the group’s profit guidance now resting on Sweden.
He succeeds Mikko Taipale, who has stepped down from the role and from Luotea's Group Management Team effective immediately; Saman Khalilian, CFO of Luotea Sweden, will run the unit on an interim basis until Nyhrén arrives. CEO Antti Niitynpää said the appointment supports Luotea's aim to "accelerate improvement in profitability" in Sweden.
The change lands at the point where Sweden has become the group's growth engine. Swedish net sales rose roughly 10% in the first quarter and 9% in the second, even as Finnish cleaning and support services fell a further 7%, and the reaffirmed full-year guidance, adjusted EBITA to increase, or increase significantly, against 2025's EUR 7.0 million, increasingly rests on Sweden holding its trajectory.
Two features of the appointment stand out. Management is changing the leadership of its best-performing region at the moment that region is working; and it has gone outside facility services to do it.
Nyhrén, born in 1981, joins from Intea Fastigheter, where he heads asset management. He has held senior roles at Newsec, Hemsö and Parmaco, and was chief technical officer at Hemsö. He trained as a construction engineer at Mälardalen University. So his background spans both sides of the business Luotea wants to build: property and asset management, and the technical side, not cleaning or facility management.
His background points to where Luotea wants to grow: property services and data-driven services, both central to its 2026–2028 strategy. This is our read of the hire, not a reason the company has given.
The numbers behind the timing
The appointment landed one day before Luotea published half-year results. Group net sales for the second quarter rose 1.5% to EUR 88.1 million and adjusted EBITA rose to EUR 2.5 million, with Swedish net sales up 9%.
For the first half, net sales increased 0.4% to EUR 174.2 million, adjusted EBITA improved to EUR 2.9 million, and operating profit stood at EUR 0.5 million.
The improvement builds on the first quarter, when Luotea said that the "turnaround in Sweden proceeds as planned" even as group net sales dipped on price competition and delayed investment decisions in Finland.
Governance and group context
The change follows Luotea's AGM on 29 April 2026, which re-elected the six-member board under chair Johan Mild and vice chair Pasi Tolppanen, approved a EUR 0.07 per share dividend for 2025, and authorised repurchases of up to 2 million shares (about 5.2%).
Hanna Inget is also the latest in a run of Group Management Team moves since Luotea's creation. Hanna Inget joined as Chief Commercial Officer from 1 March 2026 to lead commercial operations and customer experience.
Luotea is a recent listing, created on 31 December 2025 when Lassila & Tikanoja plc completed a partial demerger; the remaining facility services operations were renamed Luotea Plc and continued on Nasdaq Helsinki under the ticker LUOTEA. For full-year 2025, continuing operations reported adjusted EBITA of EUR 7.0 million, up from EUR 1.2 million a year earlier, on net sales of EUR 346.0 million, a 1.0% decline.
Financial snapshot
Period | Net sales | Adjusted EBITA | Operating profit | EPS |
|---|---|---|---|---|
FY2025 (cont. ops) | EUR 346.0m (-1.0%) | EUR 7.0M | EUR 3.0M | EUR 0.03 |
Q1 2026 | EUR 86.0m (-0.6%) | EUR 0.3M | EUR -0.4M | EUR -0.02 |
Q2 2026 | EUR 88.1m (+1.5%) | EUR 2.5M | EUR 0.9M | EUR 0.01 |
H1 2026 | EUR 174.2m (+0.4%) | EUR 2.9 | EUR 0.5M | EUR -0.01 |
Why this move matters
Sweden is no small unit. It brought in EUR 121.9 million of Luotea's EUR 346.0 million in 2025 net sales, about 35% of the group, and the only part growing, up 9% while Finland fell 5.7%.
The company frames Nyhrén's job around its stated aim to "accelerate improvement in profitability" in Sweden.
Leadership continuity there is the exception within the group: the CEO role has moved now twice in a single announcement, a faster cadence than the rest of the Group Management Team, stable since the December 2025 demerger.
The full-year outlook has been reaffirmed unchanged through both the Q1 and H1 reports despite the results in Finland have been declining.
With Sweden's leadership in transition, Nyhrén's stated priority "driving profitable and sustainable growth in Sweden", puts him at the centre of whether Luotea keeps that guidance intact through 2027.
Follow moves like this on the Listeds Executive Intelligence Platform.
Stay on the pulse, catch the signals
Subscribe to Listeds Leadership Intelligence Platform:
leader and company database access
email alerts
career, boards and interim opportunities