Finland's Nurminen Logistics H1 sales fall on weak domestic rail volumes

Nurminen Logistics Oyj

24/07/2026 07:13

    

    Overview
  
Finland rail logistics firm's H1 sales fell 11% yr/yr, profitability declined
Company saw growth in Central Europe, but Russian tariff hikes hit Finnish rail volumes
2026 net sales seen flat or slightly lower, with operating profit expected to drop significantly

    

    Outlook
  
Nurminen Logistics sees 2026 net sales at or slightly below 2025 levels
Company expects 2026 comparable operating profit to be significantly lower than 2025
Nurminen Logistics anticipates growth in railway transport volumes between Nordic countries and Europe

    

    Result Drivers
  
CENTRAL EUROPE GROWTH - Growth in block train business between Italy and Sweden offset some declines
RAILWAY INFRASTRUCTURE DISRUPTION - Construction work in Central Europe hampered efficiency in wagon group and single wagon load business, negatively impacting financial performance
RUSSIAN TARIFF INCREASES - Higher Russian rail tariffs reduced Finnish import volumes, weighing on domestic rail business

    
Company press release: ID:nWkr5KdqSX

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
H1 Sales
 
EUR 53.69 mln
 
H1 EBITDA
 
EUR 8.1 mln
 
H1 ROE
 
3.30%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the ground freight & logistics peer group is "buy."
Wall Street's median 12-month price target for Nurminen Logistics Oyj is €0.75, about 10.3% above its July 23 closing price of €0.68
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

    

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(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.)