Finland's Aspo Q1 net sales dip, sees Iran war impact on ESL Shipping

Aspo Oyj

27/04/2026 07:11

Overview

Finland conglomerate's Q1 net sales from continuing ops fell 1.7% yr/yr

Comparable EBITA from continuing ops edged down, as ESL Shipping profitability weakened

Company completed Leipurin divestment, boosting free cash flow and strengthening balance sheet

Outlook

Aspo expects 2026 comparable EBITA from continuing operations to increase from EUR 29.4 mln in 2025

Company sees slow economic recovery in core markets but notes ongoing geopolitical and trade risks

ESL Shipping demand and spot pricing expected to improve in 2026; Q2 impacted by high dockings

Result Drivers

TELKO VOLUME GROWTH - Telko saw significant volume growth and improved profitability due to margin management and some price recovery, despite modest demand and lower average market prices

ESL SHIPPING WEAKNESS - ESL Shipping profitability declined due to weak demand early in the quarter and higher fuel costs related to the war in Iran

LEIPURIN DIVESTMENT - Completion of Leipurin divestment boosted free cash flow and strengthened balance sheet

Company press release: ID:nGNEbDrD0L

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
EUR 0.50
Q1 Net Income
EUR 16.1 mln
Q1 Free Cash Flow
EUR 50 mln
Q1 ROE
37%
Q1 Sales continuing operations
EUR 114.1 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "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 €8.00, about 25.4% above its April 24 closing price of €6.38

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

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.)