Nurminen Logistics Oyj

Nurminen Logistics Plc announced that its net sales and comparable operating profit for 2024 will be lower than in 2023, contrary to previous expectations of growth. This revision is due to a significant decrease in Baltic volumes caused by the ongoing Red Sea crisis, which has shifted transport routes from sea to land. Despite this, other business areas have seen volume growth since June, which is expected to improve profitability. The company also anticipates that the net result attributable to shareholders will increase from 2023, excluding one-off gains, due to reduced financial costs and minority interests. Nurminen Logistics emphasizes profitability to support future growth projects.

Nurminen Logistics Plc announced on June 28, 2024, that its Board of Directors has decided to issue 85,309 new shares to the company itself without consideration, following authorization from the Annual General Meeting on April 17, 2024. This issuance is in accordance with Finnish Companies Act regulations and will bring the total number of shares to 78,213,164, with 85,309 shares held by the company. The new shares will be used for Board member remuneration and employee incentives. The shares are expected to be registered by July 22, 2024, and will be applied for public trading on Nasdaq Helsinki Ltd. Nurminen Logistics, established in 1886, provides rail transport and multimodal solutions between Asia, Europe, and the Nordic and Baltic regions. For further information, contact Olli Pohjanvirta, President and CEO.

Nurminen Logistics Plc released a stock exchange notification on June 26, 2024, at 10:30 A.M. concerning a transaction by Juha Nurminen, a member of the Board and Deputy member. The notification, identified by reference number 67372/5/4, details an acquisition of shares on June 24, 2024, at NASDAQ Helsinki Ltd. The transaction involved 188,235 shares at a unit price of 1.0625 EUR, with a volume-weighted average price of 1.0625 EUR. For further information, contact Olli Pohjanvirta, President and CEO. Nurminen Logistics is a Finnish company offering rail transport, terminal, and multimodal solutions between Asia and Europe, and in the Nordic and Baltic regions.

Nurminen Logistics Plc released a stock exchange notification on June 26, 2024, at 10:30 A.M. regarding a transaction involving JN Uljas Oy, a legal entity closely associated with Juha Nurminen, a board member of Nurminen Logistics Oyj. The notification, reference number 67369/5/4, indicated that on June 24, 2024, 188,235 shares were disposed of on NASDAQ Helsinki Ltd at a unit price of 1.0625 EUR, resulting in an aggregated transaction volume of 188,235 shares at a volume weighted average price of 1.0625 EUR. For further details, contact Olli Pohjanvirta, President and CEO, at +358 40 900 6977 or olli.pohjanvirta@nurminenlogistics.com. Nurminen Logistics, founded in 1886, provides rail transport, terminal, and multimodal solutions between Asia and Europe, and in the Nordic and Baltic regions.

Nurminen Logistics Plc announced the sale of a 51% majority share in Kiinteistöosakeyhtiö Helsingin Satamakaari 24 to Ilmarinen for 17.3 million euros, with the transaction set to complete on September 30, 2024. The sale will free up approximately 11 million euros in cash, reduce interest-bearing financial liabilities by around 12 million euros, and improve key financial metrics such as equity ratio and gearing. The funds will be used to pay off debts and support future growth plans. The transaction is expected to result in a capital gain of about 2.1 million euros, recorded in Q3 2024. The shares will be classified as assets for sale in the Half-Year 2024 Financial Report. Nurminen will continue leasing the property for five years post-transaction, which will increase net IFRS lease liabilities by around 4 million euros. For more information, contact Olli Pohjanvirta, President and CEO.

Nurminen Logistics Plc has reported a 75% increase in its operating result for the first quarter of 2024, reaching EUR 5.9 million. Net sales also grew by 40% to EUR 35.2 million. The company's financial guidance for 2024 remains unchanged, expecting increased net sales and operating results. Despite political strikes and a subdued atmosphere in Finnish imports and exports, the company was able to achieve growth. The company's Baltic operations and Railway business saw positive development, with increased sales and improved efficiency. The company also continued to invest in international growth, opening a new office in Gothenburg and announcing a new freight train route. The company's balance sheet strengthened, with a decrease in gearing to 69.9%.