Edition:
United States

Lemminkainen Oyj (LEM1S.HE)

LEM1S.HE on Helsinki Stock Exchange

24.73EUR
6:41am EDT
Change (% chg)

€0.05 (+0.20%)
Prev Close
€24.68
Open
€24.76
Day's High
€24.81
Day's Low
€24.73
Volume
180
Avg. Vol
13,891
52-wk High
€29.00
52-wk Low
€13.90

Latest Key Developments (Source: Significant Developments)

Lemminkainen, Agnico Eagle sign multi-year construction contract
Tuesday, 5 Sep 2017 05:52am EDT 

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 01:00am EDT 

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 06:00am EST 

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 03:10am EDT 

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

Lemminkainen to build residential complex in St Petersburg
Monday, 29 Aug 2016 06:38am EDT 

Lemminkainen Oyj : Says has signed contract on construction of comfort and business class residential complex in St Petersburg in Russia . Complex of six buildings to comprise 936 apartments, underground parking for 720 vehicles and commercial premises . Project will start in Sept. 2016 and is scheduled for completion in June 2019 .Parties have agreed not to disclose value of contract.  Full Article

Lemminkainen Q2 operating profit up at EUR 21.2 million
Thursday, 28 Jul 2016 01:08am EDT 

Lemminkainen Oyj : Q2 order inflow 382.8 million euros ($423.61 million) versus 423.0 million euros year ago . Q2 net sales 457.1 million euros versus 492.1 million euros year ago . Q2 operating profit 21.2 million euros versus loss 15.6 million euros year ago .Profit guidance for 2016 remains intact - 2016 net sales to be on the level of EUR 1.8 billion, operating profit (IFRS) in 2016 to improve as compared to 2015.  Full Article

Lemminkainen to build apartments in Vuosaari
Thursday, 30 Jun 2016 08:08am EDT 

Lemminkainen Oyj : To construct apartments for VVO Group in Vuosaari . Construction work will begin in summer of 2016 . Parties have agreed not to disclose value of contract .Apartments will be finished in autumn of 2017.  Full Article

Lemminkäinen to build crushing plant in Gällivare, northern Sweden
Tuesday, 28 Jun 2016 06:36am EDT 

Lemminkainen Oyj : Has signed contract with Boliden to build ore crushing plant at Aitik mine .Project will start in June 2016 and will be completed in June 2017.  Full Article

Lemminkäinen to build and strengthen dams in Southern Sweden
Thursday, 26 May 2016 07:20am EDT 

Lemminkäinen Oyj : Said on Wednesday the company and Statkraft have signed contract on building new dams and securing existing dams in Hyltebruk power plant in southern Sweden . Says value of project is about 14 million euros ($15.65 million) .Project will start in summer 2016 and is scheduled for completion in summer 2018.  Full Article

Lemminkainen Oyj wins contract for Moscow’s new Central Ring Road Investor news
Friday, 29 Apr 2016 06:06am EDT 

Lemminkainen Oyj:Lemminkainen and a Russian company OOO MOISS have agreed upon renovation of a road section and widening it to a motorway as part of Moscow's new Central Ring Road.Work will begin immediately and it is estimated to be completed in October 2017.Parties have agreed not to disclose value of contract.Lemminkainen will carry out the work as a subcontractor to MOISS.  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: