Nurminen Logistics Oyj

Nurminen Logistics Plc announced that its board of directors, authorized by the annual general meeting, has approved an equity repayment of EUR 0.04 per share for its 78,213,164 shares, totaling EUR 3,128,526.56. The ex-date is set for November 11, 2024, the record date for November 12, 2024, and the payment date for November 19, 2024. Payments will be made in whole euro cents, rounded down. Nurminen Logistics, a Finnish company established in 1886, provides rail transport, terminal, and multimodal solutions between Asia and Europe and in the Nordic and Baltic regions. For further details, contact Olli Pohjanvirta, President and CEO.

Nurminen Logistics Services Oy has acquired ILP-Group Logistics Oy, a logistics company based in Vantaa and Espoo, which has been in operation since 1994. ILP-Group specializes in warehousing, sea, air, and road transport, and forwarding, with a projected revenue of EUR 4.5 million for 2024. This acquisition enhances Nurminen's terminal operations in Finland and broadens its service offerings. Joonas Louho, Vice President of Cargo, stated that ILP-Group's expertise and customer base will complement Nurminen's Cargo business and align with its strategic goals. The integration is expected to strengthen Nurminen's market position and create new opportunities. Nurminen Logistics, founded in 1886, provides rail transport, terminal, and multimodal solutions across Asia, Europe, and the Nordic and Baltic regions.

Nurminen Logistics reported a decrease in net sales for Q3 2024 to EUR 24.2 million, down 34.1% from the previous year but up from Q2 2024. Despite challenging market conditions, the company achieved a strong comparable operating profit margin of 23.3%. The Railway business saw a 21.6% increase in net sales, while the Cargo business experienced a decline due to the weak Finnish economy. The Baltic operations were significantly impacted by the Red Sea crisis, leading to a decline in net sales. Overall, the company's financial performance improved, with a strengthened balance sheet and increased equity ratio. The company maintains its financial guidance for 2024, expecting lower net sales and comparable operating profit than in 2023. Nurminen Logistics continues to focus on international growth in rail traffic and promoting sustainable transport solutions.

Nurminen Logistics Plc issued a stock exchange release on October 1, 2024, at 11:30 a.m., regarding a notification by JN Uljas Oy, a closely associated legal person to Juha Nurminen, a member of the Board of Nurminen Logistics Oyj. The notification was an initial report of a transaction that took place on September 30, 2024, at NASDAQ Helsinki. The transaction involved the disposal of 370,874 shares at a unit price of 0.8089 EUR. For further details, contact Olli Pohjanvirta, President and CEO of Nurminen Logistics. The company, established in 1886, specializes in rail transport, terminal, and multimodal solutions between Asia and Europe, as well as in the Nordic and Baltic regions.

Nurminen Logistics Plc announced on October 1, 2024, that Juha Nurminen, a member of the board and deputy member, has made an initial notification of a share acquisition. The transaction took place on September 30, 2024, at NASDAQ Helsinki, involving 370,874 shares at a unit price of 0.8089 EUR. The volume-weighted average price of the aggregated transactions is also 0.8089 EUR. Nurminen Logistics, a Finnish company established in 1886, specializes in rail transport, terminal, and multimodal solutions between Asia and Europe, as well as in the Nordic and Baltic regions. For further information, Olli Pohjanvirta, President and CEO, can be contacted.