Interim Report 4 May 2012:
The company's outlook published in the Stock Exchange Release on 12 April 2012 is unchanged:
The net sales of the company are expected to increase in 2012 compared to 2011. The company's operating result is expected to be clearly better than in 2011.
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The general economic situation is assessed to delay achieving of the growth objectives in the short term.
The company is actively following the structural changes in the logistics market.
Previous outlooks:
Stock Exchange Release 12 April 2012:
Nurminen Logistics updates its year 2012 outlook.
Outlook published on 24 February 2012:
The net sales of the company are expected to increase in 2012 compared to 2011. The company's operating result is expected to be better than in 2011.
New outlook published on 12 April 2012:
The net sales of the company are expected to increase in 2012 compared to 2011. The company's operating result is expected to be clearly better than in 2011.
Financial Statements Release 24 February 2012:
Nurminen Logistics is expecting its markets to develop favourably in 2012. Demand is expected to remain on a good level, especially, in company’s strategically important growth market − domestic railway transports in Russia and other CIS countries.
The net sales of the company are expected to increase in 2012 compared to 2011. The company's operating result is expected to be better than in 2011.
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The general economic situation is assessed to delay achieving of the growth objectives in the short term.
The company is actively following the structural changes in the logistics market as well as acquisition opportunities.
Interim Report 4 November 2011:
The company's outlook published in the financial statement release on 25 February 2011 is unchanged.
The net sales of the company are expected to increase by approximately 10% in 2011 compared to 2010. The company's operating result is expected to be slightly better than in 2010.
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The general economic situation is assessed to delay achieving of the growth objectives in the short term.
The company is actively following the structural changes in the logistics market as well as acquisition opportunities.
Interim Report 5 August 2011:
The company's outlook published in the financial statement release on 25 February 2011 is unchanged.
The net sales of the company are expected to increase by approximately 10% in 2011 compared to 2010. The company's operating result is expected to be slightly better than in 2010.
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The general economic situation is assessed to delay achieving of the growth objectives in the short term.
The company is actively following the structural changes in the logistics market as well as acquisition opportunities.
Interim Report 6 May 2011:
The company's outlook published in the financial statement release on 25 February 2011 is unchanged.
The net sales of the company are expected to increase by approximately 10% in 2011 compared to 2010. The company's operating result is expected to be slightly better than in 2010.
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The general economic situation is assessed to delay achieving of the growth objectives in the short term.
The company is actively following the structural changes in the logistics market as well as acquisition opportunities.
Financial Statement Release 25 February 2011:
The net sales of the company are expected to increase by approximately 10% in 2011 compared to 2010. The company's operating result is expected to be slightly better than in 2010.
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The general economic situation is assessed to delay achieving of the growth objectives in the short term.
The company is actively following the structural changes in the logistics market as well as acquisition opportunities.
Interim Report 5 November 2010:
The company's outlook for 2010 remains unchanged. Nurminen Logistics Plc expects the company's net sales to increase in 2010 compared to 2009, but the operating result excluding non-recurring items is expected to be negative.
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The general economic situation is assessed to delay achieving of the growth objectives in the short term.
The company is actively following the structural changes in the logistics market as well as acquisition opportunities.
Interim Report 6 August 2010:
Nurminen Logistics Plc expects the company's net sales to increase in 2010 compared to 2009, but the operating result excluding non-recurring items is expected to be negative. The change of the outlook is due to the weaker than expected volume and price development in the market.
The company published its previous outlook for 2010 on 7 May 2010. In that outlook the net sales were expected to increase in 2010 compared to 2009 and the operating result excluding non-recurring items was expected to be positive despite the weak profitability in the beginning of the year.
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The general economic situation is assessed to delay achieving of the growth objectives in the short term.
The company is actively following the structural changes in the logistics market as well as acquisition opportunities.
Interim Report 7 May 2010:
The company's outlook published in the financial statement release on 26 February 2010 remains unchanged.
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The general economic situation is assessed to delay achieving of the growth objectives in the short term.
Due to the global financial crisis foreign trade volumes have declined in all sectors. The volumes have started to slightly grow after strong decline in the beginning of 2009 but both exports and imports are still on a significantly lower level than before the financial crisis.
The net sales of the continuing operations in year 2010 are expected to increase compared to 2009 and the company's operating result excluding non-recurring items is expected to be positive despite the weak profitability in the beginning of the year.
The company is actively following the structural changes in the logistics market as well as acquisition opportunities.
Outlook for 2010, Financial Statement Release 2009, 26 February 2010:
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The general economic situation is assessed to delay achieving of the growth objectives in the short term.
Due to the global financial crisis foreign trade volumes have declined in all sectors. The volumes have started to slightly grow after strong decline in the beginning of 2009 but both exports and imports are still on a significantly lower level than before the financial crisis.
The net sales of the continuing operations in year 2010 are expected to increase compared to 2009 and the company's operating result excluding non-recurring items is expected to be positive despite the weak profitability in the beginning of the year.
The company believes that Nurminen Logistics’ responsible behaviour and investments in the future during difficult market conditions, as well as the company’s good brand, have strengthened customers’ confidence in the company, which in turn has already brought the company more customers.
The company is actively following the structural changes in the logistics market as well as acquisition opportunities.
Interim Report 1 January- 30 September 2009, 6 November 2009:
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The general economic situation is assessed to delay achieving of the growth objectives in the short term.
Due to the global financial crisis foreign trade volumes have declined in all sectors. The volumes have started to slightly grow after strong decline in the beginning of the year but both exports and imports are still on a significantly lower level than in the corresponding period last year.
The net sales of the continuing operations in year 2009 are assessed to be lower than in 2008 and the company's operating result excluding non-recurring items is assessed to be positive.
Interim Report 1 January- 30 June 2009, 7 August 2009:
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The situation of the financial markets is assessed to delay achieving of the growth objectives in the short term.
Due to the global financial crisis foreign trade volumes have declined in all sectors. The volumes have started to slightly grow after strong decline in the beginning of the year but both exports and imports are still on a significantly lower level than in the corresponding period last year.
The net sales of the continuing operations in year 2009 are assessed to be lower than in 2008 and the company's operating result excluding non-recurring items is assessed to be slightly negative.
Interim Report 1 January- 31 March 2009, 8 May 2009:
The company’s unchanged long-term goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The situation of the financial markets delays achieving of the growth objectives in the short term.
There was a sudden change for the worse in Finnish economy during November and December 2008. Export volumes declined in all sectors and also import volumes declined strongly in the end of the year. The volumes of Finnish foreign trade have not decreased since the beginning of the year but both exports and imports are on a significantly lower level than in the corresponding period last year.
The net sales of the continuing operations in year 2009 are expected to be lower than in 2008 and the company's operating profit margin is expected to decline.
Stock Exchange Release, 21 April 2009:
Nurminen Logistics Plc expects operating result for the first quarter of 2009 to be slightly negative and net sales to be clearly weaker than in the last quarter of 2008.
As the company has already earlier announced, the net sales of the continuing operations in year 2009 are expected to be lower than in 2008 and the company's operating profit margin is expected to decline.
Stock Exchange Release, 2 April 2009:
Nurminen Logistics Plc expects net sales and operating profit for the first quarter of 2009 to be clearly weaker than net sales and operating profit of the last quarter of 2008. This is due to the rapid decrease of the volumes of the Finnish foreign trade. The company has announced on 25 February 2009 that it will adjust its operations to match the market situation. The company´s cost savings goal for the year 2009 is EUR 1.5 million.
In year 2009 the net sales of the continuing operations are expected to be lower than in 2008 and the company's operating profit margin is expected to decline.
Financial Statement Release 2008, 25 February 2009:
Due to the recession in global economy the economic outlook and market situation are very uncertain. Therefore, the company will not give a net sales or operating profit level forecast for year 2009. On the long-term the company’s goal is to increase its net sales annually by approximately 20% on average, including acquisitions, and to reach an operating profit level of over 7%. The situation of the financial markets may delay achieving of the growth objectives in a short term.
There was a sudden change for the worse in Finnish economy during November and December. Export volumes declined in all sectors and also import volumes declined strongly in the end of the year. Also investments are expected to decline during 2009.
Despite the quite satisfactory outcome of the financial year 2008 the company must be prepared for a possible decline in net sales by adapting its operations and cost structure to the general volume of economy.
There is an exceptional amount of uncertainty also in the development of Russian economy. That as well as the rouble exchange rate is connected to the world market price of oil. Devaluation of rouble hinders the outlook of Russian imports but on the other hand it improves the possibilities of Russian exports as well as foreign companies' investment opportunities in Russia. As trade becomes more versatile and foreign investments grow, there will be new opportunities for logistics service providers like Nurminen Logistics.
Extensions of Niirala and Luumäki terminals and the opening of logistics centre in Vuosaari harbour on 28 November 2008 have positive effects on the outlook of Nurminen Cargo. The extension of Niirala terminal increased terminal space by 4,000 square meters to a total 18,000 square meters. The extension of Luumäki terminal increased terminal space 3,400 square meters to a total 11,700 square meters. The logistics centre in Vuosaari has in the first phase 38,000 square meters. As a result of these investments, investments in railway wagons, and due to the rationalization of its operations, the company has a strong competitive position when economy starts to grow. On the other hand the costs of these investments hamper the company's profitability in the current economic situation.
The outlook of Nurminen Heavy is mostly affected by the volumes of mechanical engineering industry and its project cargos. The outlook for mechanical engineering industry has weakened recently and it remains to be seen how its backlog will develop. The market situation of mechanical engineering industry will after some delay also affect Nurminen Heavy's operations.