Lemminkäinen Group
{{short description|Former Finnish construction company}}
{{Infobox company
| name = Lemminkäinen
| logo = Lemminkäisen logo.png
| logo_size = 300px
| type = Public company
| traded_as = {{OMX|HEX24298|LEM1S}}
| foundation = 1910
| location_city = Helsinki
| location_country = Finland
| location =
| locations =
| key_people = Casimir Lindholm (Chief executive officer)
| area_served =
| industry = Construction
| products =
| services = {{unbulleted list|Paving|Infrastructure construction|Building construction}}
| revenue = {{profit}} 2 044.5 million € (2014) {{cite web |url=http://www.lemminkainen.com/Lemminkainen/Investors/Releases-and-publications/Stock-exchange-releases/2015/lemminkainens-annual-report-financial-statements-and-corporate-governance-statement-for-2014-published |title=Lemminkäinen's financial statement bulletin 1 Jan - 31 Dec 2014 |date=2015-03-24 |publisher=Lemminkäinen |access-date=2015-10-06}}
| operating_income = {{profit}} 36.3 million € (2014)
| net_income =
| num_employees = 4 748 (2014)
| parent =
| divisions =
| caption =
| homepage =
| dissolved = 2018
| footnotes =
}}
Lemminkäinen Group was a Finnish company that operated in the construction industry. Its business areas were building construction and infrastructure construction. The company operated in Finland, Scandinavia, Baltic countries and Russia.
Lemminkäinen was merged with YIT in February 2018.
The company is named after the Finnish mythological figure Lemminkäinen.
Controversies
Lemminkäinen and seven smaller companies were convicted of forming a price cartel to overcharge local authorities millions of euros for road paving work (asphalt). In 1999 the Supreme Administrative Court of Finland ruled that the companies colluded on prices and other matters at least between 1994 and 2002. Helsinki District Court was in November 2013 ordered the companies to pay the largest damages in Finnish legal history: 40m euros to forty Finnish municipalities.[http://yle.fi/uutiset/asphalt_cartel_firms_ordered_to_pay_40m_euros_in_damages/6958316 Asphalt cartel firms ordered to pay 40m euros in damages] yle 28.11.2013 The Finnish Competition and Consumer Authority announced on 3 June 2014 that it would approve the deal.{{Cite web |title=Kilpailu- ja kuluttajavirasto |url=https://www.kkv.fi/ |access-date=2022-08-02 |website=Kilpailu- ja kuluttajavirasto |language=fi}}
References
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{{DEFAULTSORT:Lemminkainen Group}}
Category:Companies based in Helsinki
Category:Construction and civil engineering companies of Finland
Category:Construction and civil engineering companies established in 1910
Category:1910 establishments in Finland
Category:Companies formerly listed on Nasdaq Helsinki
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