Lemminkäinen Group


kantaja-katolla

Economic responsibility

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Profitable growth brings economic value added. Lemminkäinen’s main economic goals are profitable growth and strengthening the Group's solvency.


Lemminkäinen’s importance for the economic wellbeing of society can be assessed through the cash flows between the Company and its stakeholder groups. These cash flows include sales revenues from customers, purchases from goods suppliers and subcontractors, wages and salaries paid to employees, different kinds of taxes and social charges, payments to shareholders and financiers, and business investments. The indirect economic effects are mainly associated with the employees of customers and subcontractors. Central government and local authorities also benefit from the income taxes paid on the wages and salaries of the Company’s employees.

Distribution of economic effects to different stakeholder groups ¹
200920082007
Received income (net sales)EUR million1 9642 4822 174
Goods suppliers and subcontractorsTotal purchases1 1571 6341 411
EmployeesPay and remuneration329358327
SocietyIncome taxes142831
Pension expenses and
employee-related expenses
789079
ShareholdersDividends01531
FinanciersNet financing expenses333216
InvestmentsGross business investments426061
Distributed income, total2 2172 2171 956

¹ The figures presented in the table are based on accrual accounting

 

Updated 16.4.2010

Goods suppliers and subcontractors

Lemminkäinen’s total purchases from external goods suppliers and subcontractors in 2009 were EUR 1,157 million, i.e. approx. two-thirds of the Company’s net sales.

Employees

The average number of people employed in Lemminkäinen Group in 2009 was 8,600. They were paid wages, salaries and other remuneration totalling EUR 329 million of which one fifth was paid outside Finland.

Society

The Company paid income taxes totalling EUR 14 million in 2009. The pension expenses and employee-related expenses totalled to EUR 78 million.

In addition, the Company paid other public charges and taxes such as real estate tax, value added tax and environmental charges.

Financiers

The Company's net financing expenses in 2009 were EUR 33 million.

Investments

Gross investments in 2009 were EUR 42 million.