Brief: Nurminen Logistics H1 Operating Loss Narrows To EUR 0.5 Mln

Nurminen Logistics Oyj

07/08/2020 11:07

Aug 7 (Reuters) - Nurminen Logistics Oyj  NLG1V.HE :
    * H1 OPERATING LOSS EUR 0.5 MILLION VERSUS LOSS EUR 1.7
MILLION
YEAR AGO
    * NURMINEN LOGISTICS ESTIMATES THAT GROWTH OF ECONOMY AND
MARKETS
WILL CONTINUE TO SLOW DOWN DUE TO EFFECTS OF COVID-19 PANDEMIC
    * H1 NET SALES EUR 36.5 MILLION VERSUS EUR 34.5 MILLION YEAR
AGO
    * WE BELIEVE THAT NURMINEN LOGISTICS' CHINA CARGO TRAIN
BUSINESS
WILL CONTINUE ITS GROWTH
    * FIXED COSTS ARE ESTIMATED TO DECREASE BY EUR 0.4-0.5
MILLION IN
SECOND HALF OF 2020 IN COMPARISON TO FIRST HALF
    * ON ANNUAL LEVEL FIXED COSTS ARE ESTIMATED TO DECREASE
FURTHER BY
EUR 1 MILLION COMPARED TO 2020
    * NURMINEN LOGISTICS IS NOT ISSUING FINANCIAL GUIDANCE FOR
2020

Source text for Eikon:  ID:nWkr66wv7l 
Further company coverage:  NLG1V.HE 

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