Brief: Nurminen Logistics Cuts Net Sales Forecast For 2022

Nurminen Logistics Oyj

15/11/2022 16:03

Nov 15 (Reuters) - Nurminen Logistics Oyj  NLG1V.HE :
    * LOWERS ITS NET SALES FORECAST FOR 2022
    * NET SALES IN 2022 WILL REMAIN UNDER NET SALES OF 2021
    * SEES NET SALES IN 2022 AT A LEVEL OF EUR 121-125 MILLION
    * COMPARATIVE OPERATING MARGIN TO REMAIN AT LEVEL 4-7% IN ACCORDANCE WITH PREVIOUS NET SALES
GUIDANCE
    * VOLUMES ON CONTAINER TRAIN ROUTES, BOTH TRANS-CASPIAN AND VIA POLAND, HAVE NOT COMPENSATED
FOR
LOWER VOLUMES ON DIRECT TRAIN ROUTE
    * HAD TO RECOGNISE NON-RECURRING COSTS RELATED TO CONTAINER RETURNS AS AN EXPENSE
    * DESPITE POSITIVE SIGNS AT END OF SUMMER, RAILWAY CONTAINER TRAFFIC BETWEEN CHINA AND
NORTHERN
EUROPE HAS NOT PICKED UP

Source text for Eikon:  ID:nWkr5Hj2q3 
Further company coverage:  NLG1V.HE 
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