Brief: Nurminen Logistics Expects Comparable Operating Profit In 2024 To Be Slightly Lower YoY

Nurminen Logistics Oyj

01/08/2024 08:01

Aug 1 (Reuters) - Nurminen Logistics Oyj  NLG1V.HE :
    * NET SALES FOR 2024 WILL BE BELOW NET SALES FOR 2023 AND
COMPARABLE OPERATING PROFIT WILL BE SLIGHTLY BELOW LAST YEAR'S
LEVEL.
    * FORECAST THAT VOLUMES IN BALTIC COUNTRIES WILL BE CLEARLY
LOWER
UNTIL END OF YEAR
    * EXPECT VOLUMES TO RETURN TO SEA ROUTE ONCE USE OF SUEZ
CANAL
BECOMES POSSIBLE FOR CONTAINER TRAFFIC
    * Q2 COMPARABLE OPERATING PROFIT WAS EUR 4.0 MILLION (5.6)
    * ARRIVAL OF WINTER MAY ALSO TRANSFER SOME OF VOLUMES TO OUR
ROUTES.
    * Q2 NET SALES WERE EUR 22.5 MILLION (31.6)
    * EXPECTS RELATIVE PROFITABILITY TO DEVELOP POSITIVELY IN
NEAR
FUTURE, AND PRICING POWER WILL ENABLE PRICE INCREASES IN SEVERAL
OF OUR SERVICES
    * EXPECTS RAILWAY TRANSPORT VOLUMES TO INCREASE BOTH BETWEEN
NORDIC COUNTRIES AND IN TRAFFIC BETWEEN EUROPE AND ASIA

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

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