Finland's Nurminen Logistics Q1 net sales fall 21% on lower Baltic volumes

Nurminen Logistics Oyj

23/04/2026 07:20

Overview

Finnish rail logistics firm's Q1 net sales fell 21% yr/yr on lower Baltic volumes

Adjusted EPS for Q1 dropped to EUR 0.01 from EUR 0.02 a year earlier

Company expects H1 net sales and profit below prior year

Outlook

Nurminen Logistics expects H1 2026 net sales and comparable operating profit to fall short of 2025

Company says full-year guidance will be specified in July 2026

Company describes 2026 market outlook as stable, with demand supported by electrification and trade shifts

Result Drivers

BALTIC WEAKNESS - Net sales declined mainly due to lower volumes in the Baltics, with Baltic operations net sales down 38% yr/yr

SEVERE ICE CONDITIONS - Severe ice conditions in early 2026 reduced fertiliser transport and limited vessel access to Finnish ports, negatively impacting railway business

GROWTH INVESTMENT COSTS - Operating costs for establishing new business in Italy weighed on Q1 profit

Company press release: ID:nWkr8pYPPl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
EUR 25.50 mln
EUR 24.75 mln (2 Analysts)
Q1 Adjusted EPS
EUR 0.01
Q1 ROE
2.80%


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 €0.95, about 14.5% above its April 22 closing price of €0.83

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 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.)