IFRS 8 operating segments - segment information for 2008 compliant with the standard

LEMMINKÄINEN CORPORATION     STOCK EXCHANGE RELEASE   5.5.2009, AT 14.50 


IFRS 8 OPERATING SEGMENTS - SEGMENT INFORMATION FOR 2008 COMPLIANT WITH THE     
STANDARD	                                                                       

Lemminkäinen is reporting its interim financial reviews from the beginning of   
the 2009 accounting period in compliance with IFRS 8 Operating Segments. The    
Standard requires that reportable segment information be based on internal      
segment reports that are reviewed by management. Adoption of the Standard has no
effect on the number or composition of Lemminkäinen Group's operating segments, 
but it does change the content of the segment information. The Standard has no  
effect on geographical segment information.                                     


LEMMINKÄINEN GROUP´S OPERATING SEGMENTS (BUSINESS SECTORS)                      

Lemminkäinen Group is organised into four different operating segments.         

The building construction segment (Lemminkäinen Talo Oy) comprises residential  
construction, commercial and office construction, industrial and logistics      
construction, and sports and leisure construction.                              

The infrastructure construction segment (Lemminkäinen Infra Oy) comprises       
construction and maintenance of road, street and rail networks as well as rock  
and geotechnical engineering. The Company has its own asphalt, concrete and     
mineral aggregate production.                                                   

The technical building services segment (Tekmanni Oy) comprises technical       
building services, technical facility services and industrial services. The     
Company also has installation, contracting, servicing and maintenance services. 

Lemminkäinen Building Products is a seller and contractor of roofing and        
waterproofing products, concrete and natural stone products, and sports and     
urban environment products.                                                     

In addition, management receives reports on Group administration, which forms   
the segment 'Other operations'.                                                 


SEGMENT REPORTING                                                               

In Lemminkäinen Group, management means the Managing Director of Lemminkäinen   
Corporation, who is the chief operating decision-maker. Internal segment        
reporting to management covers net sales, depreciation, operating profit,       
financial items, profit before taxes, non-current assets and liabilities,       
inventories, trade receivables and accounts payable.                            

The segment information reported to management is generally prepared according  
to the same principles as those applied in the consolidated financial           
statements. Imputed items are not considered in segment reporting. Such items   
include, among others, depreciation of assets acquired by finance leasing,      
interest separated from payments, warranty provisions, and unrealised gains or  
losses on derivatives. In segment reporting to management, finance leasing      
arrangements are treated as ordinary rental agreements, which deviates from the 
accounting principles of IFRS financial statements.                             

Affiliated companies are combined in segment reporting in proportion to         
ownership share using the line-by-line method. In IFRS financial statements     
affiliated companies are combined by the equity method. In segment reporting,   
intersegment sales are not allocated to segments, owing to their minimal        
magnitude, and are not reported to management.                                  

Lemminkäinen Group's comparative information for 2008 compliant with IFRS 8 is  
presented in this release.                                                      

--------------------------------------------------------------------------------
| SEGMENT INFORMATION       |        |           |         |          |        |
| 1-12/2008                 |        |           |         |          |        |
--------------------------------------------------------------------------------
|                           |        |           |         |      Net | Profit |
--------------------------------------------------------------------------------
|                           |   Net  |           | Operati | financia | Before |
|                           |        |           |      ng |        l |        |
--------------------------------------------------------------------------------
| EUR million               |  sales | Depreciat |  profit |    items |  taxes |
|                           |        |       ion |         |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction     | 1,207. |       2.9 |    69.7 |    -13.0 |   56.7 |
|                           |      5 |           |         |          |        |
--------------------------------------------------------------------------------
| Infrastructure            |  920.3 |      30.7 |    26.2 |     -9.4 |   16.8 |
| construction              |        |           |         |          |        |
--------------------------------------------------------------------------------
| Technical building        |  269.9 |       0.8 |    16.3 |      2.2 |   18.5 |
| services                  |        |           |         |          |        |
--------------------------------------------------------------------------------
| Building products         |  156.0 |       2.6 |    10.5 |     -0.5 |    9.9 |
--------------------------------------------------------------------------------
| Other operations          |   13.5 |       0.9 |    -3.3 |     -7.0 |  -10.3 |
--------------------------------------------------------------------------------
| Group eliminations        |  -65.7 |           |         |          |        |
--------------------------------------------------------------------------------
| Segments, total           | 2,501. |      37.9 |   119.4 |    -27.8 |   91.6 |
|                           |      5 |           |         |          |        |
--------------------------------------------------------------------------------
| Reconciling items         |  -19.7 |      -3.0 |     3.8 |     -4.4 |   -0.6 |
--------------------------------------------------------------------------------
| Group total, IFRS   |     | 2,481. |      34.9 |   123.2 |    -32.1 |   91.0 |
|                     |     |      8 |           |         |          |        |
--------------------------------------------------------------------------------

The reconciling items for net sales stem from the equity share treatment of     
affiliated companies (EUR -17.5 million) and other operating income recognised  
as net sales in segment reporting.                                              

The reconciling items for operating profit comprise EUR 1.1 million in personnel
expenses, EUR 0.8 million in gains from the sale of derivatives, EUR 3.3 million
from the IFRS treatment of finance leasing, EUR -1.2 million from the change in 
the warranty provision, and EUR -0.2 million from the equity share treatment of 
affiliated companies.                                                           

The reconciling items for financial items are finance leasing interest of EUR   
-1.5 million as well as exchange rate differences, interest timing differences, 
and unrealised gains and losses on derivatives.                                 

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| SEGMENT INFORMATION      |        |           |          |          |        |
| 1-9/2008                 |        |           |          |          |        |
--------------------------------------------------------------------------------
|                          |        |           |          |      Net | Profit |
--------------------------------------------------------------------------------
|                          |   Net  |           | Operatin | financia | Before |
|                          |        |           |        g |        l |        |
--------------------------------------------------------------------------------
| EUR million              |  sales | Depreciat |   profit |    items |  taxes |
|                          |        |       ion |          |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction    |  780.5 |       2.2 |     34.1 |     -8.1 |   26.0 |
--------------------------------------------------------------------------------
| Infrastructure           |  698.1 |      23.2 |     31.0 |     -5.3 |   25.7 |
| construction             |        |           |          |          |        |
--------------------------------------------------------------------------------
| Technical building       |  193.4 |       0.6 |     12.7 |      1.5 |   14.2 |
| services                 |        |           |          |          |        |
--------------------------------------------------------------------------------
| Building products        |  121.8 |       1.9 |      9.2 |     -0.5 |    8.7 |
--------------------------------------------------------------------------------
| Other operations         |    9.8 |       0.6 |     -3.2 |     -4.9 |   -8.1 |
--------------------------------------------------------------------------------
| Group eliminations       |  -48.5 |           |          |          |        |
--------------------------------------------------------------------------------
| Segments, total          | 1,755. |      28.4 |     83.8 |    -17.3 |   66.5 |
|                          |      1 |           |          |          |        |
--------------------------------------------------------------------------------
| Reconciling items        |  -15.9 |      -0.7 |      1.9 |     -0.3 |    1.5 |
--------------------------------------------------------------------------------
| Group total, IFRS        | 1,739. |      27.7 |     85.7 |    -17.6 |   68.0 |
|                          |      3 |           |          |          |        |
--------------------------------------------------------------------------------

The reconciling items for net sales stem from the equity share treatment of     
affiliated companies (EUR -14.2 million) and other operating income recognised  
as net sales in segment reporting.                                              

The reconciling items for operating profit comprise EUR 2.1 million in personnel
expenses, EUR 0.8 million in gains from the sale of derivatives, EUR -0.5       
million from the IFRS treatment of finance leasing, EUR -0.5 million from the   
change in the warranty provision, EUR 0.2 million from the equity share         
treatment of affiliated companies, and EUR -0.2 million in other closing        
entries.                                                                        

The reconciling items for financial items are finance leasing interest of EUR   
-1.1 million as well as exchange rate differences, interest timing differences, 
and unrealised gains and losses on derivatives.                                 

--------------------------------------------------------------------------------
| SEGMENT INFORMATION      |        |           |          |          |        |
| 1-6/2008                 |        |           |          |          |        |
--------------------------------------------------------------------------------
|                          |        |           |          |      Net | Profit |
--------------------------------------------------------------------------------
|                          |   Net  |           | Operatin | financia | Before |
|                          |        |           |        g |        l |        |
--------------------------------------------------------------------------------
| EUR million              |  sales | Depreciat |   profit |    items |  taxes |
|                          |        |       ion |          |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction    |  572.8 |       1.5 |     19.6 |     -5.1 |   14.5 |
--------------------------------------------------------------------------------
| Infrastructure           |  351.4 |      11.8 |      0.7 |     -2.2 |   -1.5 |
| construction             |        |           |          |          |        |
--------------------------------------------------------------------------------
| Technical building       |  124.6 |       0.4 |      7.3 |      1.0 |    8.3 |
| services                 |        |           |          |          |        |
--------------------------------------------------------------------------------
| Building products        |   70.8 |       1.3 |      3.4 |     -0.3 |    3.0 |
--------------------------------------------------------------------------------
| Other operations         |    6.5 |       0.4 |     -1.9 |     -3.7 |   -5.6 |
--------------------------------------------------------------------------------
| Group eliminations       |  -28.8 |           |          |          |        |
--------------------------------------------------------------------------------
| Segments, total          | 1,097. |      15.3 |     29.0 |    -10.3 |   18.6 |
|                          |      3 |           |          |          |        |
--------------------------------------------------------------------------------
| Reconciling items        |   -6.6 |      -1.1 |      3.1 |     -2.3 |    0.8 |
--------------------------------------------------------------------------------
| Group total, IFRS        | 1,090. |      14.3 |     32.1 |    -12.7 |   19.4 |
|                          |      8 |           |          |          |        |
--------------------------------------------------------------------------------


The reconciling items for net sales stem from the equity share treatment of     
affiliated companies (EUR -5.4 million) and other operating income recognised as
net sales in segment reporting.                                                 

The reconciling items for operating profit comprise EUR -1.2 million in         
personnel expenses, EUR 0.8 million in gains from the sale of derivatives, EUR  
2.9 million from the IFRS treatment of finance leasing, EUR 0.1 million from the
equity share treatment of affiliated companies, and EUR 0.5 million in other    
closing entries.                                                                

The reconciling items for financial items are finance leasing interest of EUR   
-0.8 million as well as exchange rate differences, interest timing differences, 
and unrealised gains and losses on derivatives.                                 

--------------------------------------------------------------------------------
| SEGMENT INFORMATION      |        |           |          |          |        |
| 1-3/2008                 |        |           |          |          |        |
--------------------------------------------------------------------------------
|                          |        |           |          |      Net | Profit |
--------------------------------------------------------------------------------
|                          |   Net  |           | Operatin | financia | Before |
|                          |        |           |        g |        l |        |
--------------------------------------------------------------------------------
| EUR million              |  sales | Depreciat |   profit |    items |  taxes |
|                          |        |       ion |          |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction    |  277.1 |       0.8 |     10.3 |     -1.8 |    8.6 |
--------------------------------------------------------------------------------
| Infrastructure           |   95.1 |       3.7 |    -16.4 |     -0.6 |  -17.1 |
| construction             |        |           |          |          |        |
--------------------------------------------------------------------------------
| Technical building       |   56.6 |       0.2 |      1.7 |      0.5 |    2.2 |
| services                 |        |           |          |          |        |
--------------------------------------------------------------------------------
| Building products        |   25.0 |       0.6 |     -1.2 |     -0.1 |   -1.3 |
--------------------------------------------------------------------------------
| Other operations         |    2.9 |       0.2 |     -1.1 |     -1.6 |   -2.7 |
--------------------------------------------------------------------------------
| Group eliminations       |  -11.5 |           |          |          |        |
--------------------------------------------------------------------------------
| Segments, total          |  445.2 |       5.5 |     -6.7 |     -3.7 |  -10.4 |
--------------------------------------------------------------------------------
| Reconciling items        |   -0.3 |      -0.5 |      1.1 |     -2.4 |   -1.3 |
--------------------------------------------------------------------------------
| Group total, IFRS        |  444.9 |       4.9 |     -5.5 |     -6.1 |  -11.6 |
--------------------------------------------------------------------------------

The reconciling items for net sales stem from the equity share treatment of     
affiliated companies (EUR -0.2 million) and other operating income recognised as
net sales in segment reporting.                                                 

The reconciling items for operating profit comprise EUR 0.4 million in personnel
expenses, EUR 0.5 million from the IFRS treatment of finance leasing, EUR -0.2  
million from the equity share treatment of affiliated companies, and EUR 0.5    
million in other closing entries.                                               

The reconciling items for financial items are finance leasing interest of EUR   
-0.4 million as well as exchange rate differences, interest timing differences, 
and unrealised gains and losses on derivatives.                                 

--------------------------------------------------------------------------------
| NET SALES, QUARTERLY       |        |         |          |          |        |
--------------------------------------------------------------------------------
|                            |   1-3/ |    4-6/ |     7-9/ |   10-12/ |        |
--------------------------------------------------------------------------------
| EUR million                |   2008 |    2008 |     2008 |     2008 |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction      |  277.1 |   295.7 |    207.8 |    426.9 |        |
--------------------------------------------------------------------------------
| Infrastructure             |   95.1 |   256.4 |    346.6 |    222.3 |        |
| construction               |        |         |          |          |        |
--------------------------------------------------------------------------------
| Technical building         |   56.6 |    68.0 |     68.8 |     76.5 |        |
| services                   |        |         |          |          |        |
--------------------------------------------------------------------------------
| Building products          |   25.0 |    45.8 |     51.0 |     34.2 |        |
--------------------------------------------------------------------------------
| Other operations           |    2.9 |     3.6 |      3.3 |      3.7 |        |
--------------------------------------------------------------------------------
| Group eliminations         |  -11.5 |   -17.3 |    -19.7 |    -17.2 |        |
--------------------------------------------------------------------------------
| Segments, total            |  445.2 |   652.1 |    657.8 |    746.3 |        |
--------------------------------------------------------------------------------
| Reconciling items          |   -0.3 |    -6.3 |     -9.3 |     -3.8 |        |
--------------------------------------------------------------------------------
| Group total, IFRS          |  444.9 |   645.9 |    648.5 |    742.5 |        |
--------------------------------------------------------------------------------
| OPERATING PROFIT,          |        |         |          |          |        |
| QUARTERLY                  |        |         |          |          |        |
--------------------------------------------------------------------------------
|                            |   1-3/ |    4-6/ |     7-9/ |   10-12/ |        |
--------------------------------------------------------------------------------
| EUR million                |   2008 |    2008 |     2008 |     2008 |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction      |   10.3 |     9.2 |     14.6 |     35.5 |        |
--------------------------------------------------------------------------------
| Infrastructure             |  -16.4 |    17.1 |     30.3 |     -4.8 |        |
| construction               |        |         |          |          |        |
--------------------------------------------------------------------------------
| Technical building         |    1.7 |     5.6 |      5.4 |      3.7 |        |
| services                   |        |         |          |          |        |
--------------------------------------------------------------------------------
| Building products          |   -1.2 |     4.6 |      5.9 |      1.2 |        |
--------------------------------------------------------------------------------
| Other operations           |   -1.1 |    -0.8 |     -1.3 |     -0.1 |        |
--------------------------------------------------------------------------------
| Segments, total            |   -6.7 |    35.6 |     54.8 |     35.6 |        |
--------------------------------------------------------------------------------
| Reconciling items          |    1.1 |     2.0 |     -1.2 |      1.9 |        |
--------------------------------------------------------------------------------
| Group total, IFRS          |   -5.5 |    37.6 |     53.6 |     37.5 |        |
--------------------------------------------------------------------------------
| ASSETS BY SEGMENT          |        |         |          |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR million                | 03/200 | 06/2008 |  09/2008 |  12/2008 |        |
|                            |      8 |         |          |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction      |  432.4 |   491.4 |    586.4 |    467.5 |        |
--------------------------------------------------------------------------------
| Infrastructure             |  242.6 |   364.4 |    394.4 |    294.5 |        |
| construction               |        |         |          |          |        |
--------------------------------------------------------------------------------
| Technical building         |   28.0 |    34.7 |     33.1 |     33.0 |        |
| services                   |        |         |          |          |        |
--------------------------------------------------------------------------------
| Building products          |   49.8 |    57.5 |     57.4 |     46.3 |        |
--------------------------------------------------------------------------------
| Other operations           |   41.6 |    41.2 |     41.0 |     41.0 |        |
--------------------------------------------------------------------------------
| Segments, total            |  794.3 |   989.1 |  1,112.3 |    882.2 |        |
--------------------------------------------------------------------------------
| Assets unallocated to      |        |         |          |          |        |
| segments                   |        |         |          |          |        |
--------------------------------------------------------------------------------
| and Group eliminations     |  354.7 |   389.9 |    380.2 |    531.1 |        |
--------------------------------------------------------------------------------
| Group total, IFRS          | 1,149. | 1,379.0 |  1,492.4 |  1,413.3 |        |
|                            |      0 |         |          |          |        |
--------------------------------------------------------------------------------

In segment reporting, assets are trade receivables, inventories and tangible and
intangible assets. Intersegment items are eliminated in the IFRS financial      
statements.                                                                     

--------------------------------------------------------------------------------
| LIABILITIES BY SEGMENT     |        |         |          |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR million                | 03/200 | 06/2008 |  09/2008 |  12/2008 |        |
|                            |      8 |         |          |          |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Building construction      |   46.6 |    60.5 |     63.3 |     57.6 |        |
--------------------------------------------------------------------------------
| Infrastructure             |   33.2 |    81.7 |     93.5 |     55.9 |        |
| construction               |        |         |          |          |        |
--------------------------------------------------------------------------------
| Technical building         |    6.3 |     8.8 |      8.0 |     10.0 |        |
| services                   |        |         |          |          |        |
--------------------------------------------------------------------------------
| Building products          |    4.5 |     7.7 |      8.3 |      5.8 |        |
--------------------------------------------------------------------------------
| Other operations           |    1.1 |     0.5 |      0.4 |      0.7 |        |
--------------------------------------------------------------------------------
| Segments, total            |   91.6 |   159.1 |    173.4 |    129.9 |        |
--------------------------------------------------------------------------------
| Liabilities unallocated to |        |         |          |          |        |
| segments                   |        |         |          |          |        |
--------------------------------------------------------------------------------
| and Group eliminations     |  781.9 |   919.2 |    983.2 |    941.6 |        |
--------------------------------------------------------------------------------
| Group total, IFRS          |  873.6 | 1,078.3 |  1,156.6 |  1,071.5 |        |
--------------------------------------------------------------------------------


In segment reporting, liabilities are accounts payable only. Intersegment items 
are eliminated in the IFRS financial statements.                                



Additional information: Finance Director Jukka Ovaska, tel. +358 2071 53334,    
jukka.ovaska@lemminkainen.fi                                                    


LEMMINKÄINEN CORPORATION                                                        
Corporate Communications                                                        


DISTRIBUTION:                                                                   
NASDAQ OMX Helsinki Ltd.                                                        
Key media                                                                       
www.lemminkainen.com                                                            



Lemminkäinen Group operates in all areas of the construction sector. The Group's
business sectors are building construction, infrastructure construction,        
technical building services, and building products. Net sales in 2008 were      
approx. EUR 2.5 billion, of which international operations accounted for over a 
quarter. The Group employs about 9,800 people. Lemminkäinen Corporation's share 
is quoted on NASDAQ OMX Helsinki Ltd.