Finland's Nurminen Logistics Q3 sales rise, reiterates 2026 outlook

Nurminen Logistics Oyj

22/10/2026 07:21

Overview
Finland rail logistics firm's Q3 net sales rose 10.4% yr/yr, driven by international expansion
Comparable EBITA for Q3 declined sharply due to lower domestic rail volumes and higher costs
Company posted Q3 net loss, guidance for 2026 net sales and profit remains unchanged

Outlook
Nurminen Logistics maintains 2026 net sales guidance at or slightly below 2025 levels
Company expects 2026 comparable operating profit to be significantly lower than 2025
Company sees Baltic operations demand outlook as stable for the remainder of the year

Result Drivers
INTERNATIONAL RAIL TRAFFIC - Co said growth in international rail traffic, especially block train service from Italy and strong performance in the Baltics, drove Q3 net sales increase
DOMESTIC VOLUME DECLINE - Co said profitability was negatively affected by a significant drop in domestic rail traffic volumes due to tariff increases on the Russian side
HIGHER COSTS - Co said operational costs related to launching new international train connections and early loan repayment weighed on Q3 profit

Company press release: ID:nWkr613NZv

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Sales
 
EUR 80 mln
 
9M ROE
 
-4.50%
 

Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", no "hold" and 2 "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 €0.59, about 6% above its October 21 closing price of €0.55
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Oct 22 - Finland's Fondia Q3 sales rise, maintains 2026 forecast
Oct 22 - Finland's SRV Q3 revenue rises 28% year-on-year on higher volumes
Oct 22 - Finland's Lindex Group Q3 revenue rises on broad-based growth

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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.)