Louhintahiekka's profit for the financial year increased by more than 200 per cent

The financial year 1.6.2024–31.5.2025 of Louhintahiekka, which specialises in demanding infrastructure construction projects, is the first full financial year under the management of the company's new owners. The financial year was a year of developing the company's operations and structures. The financial year was also clearly better in terms of profit than in previous years.

"During the past financial year, our profitability increased significantly as a result of determined efficiency and development of our operations. We have also invested in personnel and processes and acquired new, more efficient equipment for more than four million euros. As a result of these measures, the company's profit for the financial year increased by approximately 239 per cent to EUR 5.4 million," says Aapo Lahtinen, CEO of Louhintahiekka.

Louhintahiekka's net sales decreased by approximately 8.3 per cent to EUR 77.4 million. The decrease in revenue is due to the company's transition to percentage-of-completion accounting in the financial year 2023/24. The invoicing volume increased by 42 per cent during the monitoring period.

The company's EBITDA doubled to EUR 7.8 (3.9) million, representing 10.1 (4.6) per cent of net sales. The equity ratio rose to 41.8 (38.4) per cent.

Skilled personnel are the cornerstones of growth

During the financial year, Louhintahiekka hired 60 new infrastructure construction professionals. At the end of the financial year, Louhintahiekka employed 102 people.

"Skilled and committed personnel are the cornerstones of Louhintahiekka's success. The recruitment market is highly competitive in the infrastructure sector, and we are proud that we have been able to commit several key people to our operations. We have also invested significantly in the development of our personnel's competence and well-being, as well as in occupational safety," says Lahtinen.

During the financial year, Louhintahiekka committed key employees through partnership arrangements. In addition, Esa Eloranta, Construction Counsellor, started as the Chairman of the Board of Directors of the company in April 2025, and after the end of the financial year, Petri Kotkansalo also joined the Board of Directors.

"We are also particularly pleased with the eNPS score, which measures employee experience, which is an excellent 47 for the industry. It shows that Louhintahiekka is seen as a fair employer and a workplace where people enjoy themselves. The sickness absence rate is less than two per cent, which is very low. The safety level of our construction sites is constantly measured, and by developing occupational safety processes, we have been able to reduce the accident frequency to 4.9 per million working hours," Lahtinen says.

During the financial year, Louhintahiekka carried out several demanding contracts and won significant key infrastructure construction projects in both the public and private sectors. The uncompromising handprint of Louhintahiekka can be seen, for example, in: Alfaroc logistics centre in Tuusula, Rosegarden racket sports centre in Espoo, Järvenpää sports stadium, Hermanninranta in Helsinki, and Itä-Skanssi in Turku.

The successful brand renewal in late summer 2024 has strengthened the company's recognition and reputation among both customers and employees.

Outlook for the financial period 1.6.2025–31.5.2026

The forecast for infrastructure construction in 2026 is cautiously positive, and the sector is expected to grow by a few per cent. According to Louhintahiekka's assessment, the outlook for the infrastructure market suitable for the company will continue to develop positively. Growth is particularly evident in urban and transport infrastructure construction, as well as in energy and data centre investments.

"During the past financial year, we developed the company's operations and structures, creating a strong foundation for future growth. All ongoing projects are profitable. We forecast that net sales will grow to more than EUR 100 million and that the company's operating result will reach a new record. Our goal is to achieve net sales of EUR 200 million by 2030," says Lahtinen.

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