Finland's Aspo Q2 profit rises on pricing strength; plans ESL Shipping demerger

Aspo Oyj

03/08/2026 07:14

Overview
Finland shipping and chemicals distributor's Q2 net sales rose yr/yr, profitability improved
Comparable EPS from continuing operations increased to EUR 0.39 from EUR 0.15
Company plans to demerge ESL Shipping into a separate listed company by end-2026

Outlook
Aspo expects 2026 comparable EBITA from continuing operations to increase versus 2025 (EUR 29.4 mln)
Company expects ESL Shipping demand and spot market pricing to slightly improve in 2026
Telko expects stable or slightly increased volume demand and continued acquisition activity in 2026

Result Drivers
TELKO PROFITABILITY - Co said Telko's all-time high profitability in Q2 was driven by increased price levels in volume products, sales growth, margin management and successful execution of new operating model
ESL SHIPPING PERFORMANCE - Co said ESL Shipping delivered stable results despite low overall demand, with growth in project cargo volumes and positive financial impact from investment in next-generation vessels
PROFIT IMPROVEMENT ACTIONS - Co said profit improvement actions in ESL Shipping and Telko, fleet renewal, improved fleet utilization and cost reduction supported profit growth

Company press release: ID:nGNE43W1z5

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
EUR 0.37
 
Q2 Net Income
 
EUR 12.10 mln
 
Q2 Free Cash Flow
 
-EUR 14.60 mln
 
Q2  ROE (Group Total)
 
25.90%
 
Q2 Sales continuing operations
 
EUR 131.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the marine freight & logistics peer group is "buy."
Wall Street's median 12-month price target for Aspo Oyj is €7.40, about 17.8% above its July 31 closing price of €6.28
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)