investment case

Investment case

Nurminen Logistics is a rapidly growing rail operator in the Nordics and Continental Europe, and Finland’s largest privately owned railway company. With EUR 104.8 million in turnover (2024) and strong profitability, we create value through our rail‑first, asset‑light business model and broad operational network that enables scalable, sustainable logistics solutions. Founded in 1886, Nurminen combines long industry heritage with a modern growth strategy built for today’s logistics landscape.

Nurminen Logistics Plc is listed on Nasdaq Helsinki.

104.8 M

Net Sales

24.7 M

EBITDA

200

Employees

100,000

Wagons transported per year

Unique service concept

Unique service concept

We provide international rail and multimodal transport services that combine efficiency, reliability and sustainability. Our flexible and scalable rail‑based model covers the full door‑to‑door logistics chain across Nordic, Continental - Europe and Asia.

Asset‑light and scalable operations

Asset‑light and scalable operations

Our international business operates on an asset‑light model: we do not own our own rolling stock. Instead, we rely on an extensive partner network, enabling rapid scalability, low capital intensity and faster returns on invested capital.

Strong profitability and resilient growth

Strong profitability and resilient growth

With a clear profitability logic, disciplined capital allocation and growing demand for low‑emission rail logistics, our business model delivers consistent results and supports long‑term value creation.

Olli Pohjanvirta
“Strong balance sheet and cash flow, together with our expertise, enable growing the international railway business.”

Olli Pohjanvirta

President and CEO

Don’t settle with average logistics

From smaller shipments to major industrial flows and project cargo, our multimodal logistics adapt to your demand. With fast shipments, strong capacity and lower emissions, our freight solutions deliver performance across all industries.

Metals & Industrial Goods

Metals & Industrial Goods

Reliable, high-capacity transport solutions for metals, machinery,
and industrial goods – built to handle heavy loads, tight schedules, and cross-border demands.

Consumer goods

Consumer Goods

Fast, flexible transport solutions for consumer products, from food and beverages to household goods and personal care items, delivering reliable flows that keep retail shelves stocked.

Chemicals

Chemicals

Safe, compliant transport and storage for chemical products, with certified handling, AEO clearances, and specialized terminals designed for hazardous materials and temperature-sensitive goods.

Energy & Green Transition

Energy & Green Transition

Specialized logistics for energy materials and green transition cargo, handling RDF/SRF, hazardous waste, contaminated soils, and sludges with full compliance and precision at every step.

Automotive

Automotive

Efficient, high-frequency transport for automotive parts and components, supporting reliable delivery with predictable lead times, smart consolidation, and seamless multimodal coordination across Europe and Asia.

Global megatrends promoting growth

Global megatrends promoting growth

Global trade continues to expand. Goods move faster, volumes increase, and the need for reliable and low‑emission transport solutions between international markets becomes increasingly critical. Positioned with rail at the core of our operations, strategically located terminals, and full control over our routes and service management, Nurminen is equipped to meet this growing demand.

international network

Strong financial performance & growing international network

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