Brief: Aspo Upgrades Financial Guidance For 2022

Aspo Oyj

14/06/2022 15:16

June 14 (Reuters) - Aspo Plc  ASPO.HE :
    * UPGRADES ITS FINANCIAL GUIDANCE FOR 2022: COMPARABLE
OPERATING
PROFIT WILL IMPROVE FROM PREVIOUS YEAR (EUR 42.4 MILLION)
    * UPGRADES FINANCIAL GUIDANCE FOR FULL-YEAR 2022 ESPECIALLY
DUE TO
BETTER-THAN-ESTIMATED DEVELOPMENT OF ESL SHIPPING'S AND TELKO'S
BUSINESS OPERATIONS AND OUTLOOK FOR REST OF YEAR
    * NEW FINANCIAL GUIDANCE FOR 2022: ASPO GROUP'S COMPARABLE
OPERATING PROFIT WILL IMPROVE FROM PREVIOUS YEAR (EUR 42.4
MILLION)
    * PREVIOUS GUIDANCE (ISSUED ON APRIL 5, 2022): ASPO GROUP'S
COMPARABLE OPERATING PROFIT WILL BE EUR 27-34 (EUR 42.4) MILLION
IN 2022
    * TELKO IS EXPLORING OPTIONS TO EXIT ITS RUSSIAN AND
BELARUSIAN
OPERATIONS DURING THIS YEAR
    * ALL TRANSPORTS RELATED TO RUSSIA ARE EXPECTED TO END BY
END OF
JULY, EARLIER THAN PREVIOUSLY ANNOUNCED
    * ITEMS AFFECTING COMPARABILITY CAUSED BY WAR IN UKRAINE AND
DECISIONS REGARDING BUSINESS OPERATIONS IN RUSSIA WILL CAUSE AN
ESTIMATED TOTAL EXPENSE OF EUR 15-20 MILLION
    * AN AMOUNT OF APPROXIMATELY EUR 7 MILLION WOULD BE
RECOGNIZED AS
AN EXPENSE BASED ON FIGURES AND EXCHANGE RATE OF RUSSIAN RUBLE
IN MAY
    * FOR REST OF YEAR, THERE ARE STILL UNCERTAINTIES RELATED TO
WAR
IN UKRAINE AND GENERAL ECONOMIC DEVELOPMENT

Source text for Eikon:  ID:nGNE1GP5sH 
Further company coverage:  ASPO.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))