Nurminen Logistics updates its outlook for 2015
Nurminen Logistics Plc Stock Exchange Release 5 May 2015 at 3.30 p.m.
Nurminen Logistics expects its net sales, operating result and earnings per share to decline from the level of 2014. If the company’s plan to sell its railway wagons will realize, it will have a strong positive effect on operating result. Forecasting operating result include significant factors of uncertainty due to the development of rouble exchange rate in the beginning of the year and its outlook on the end of the year.
In its previous estimate (Board’s Report on Operations and Financial Statements 2014 on 12 March 2015), the company expected its net sales, operating result and earnings per share to improve compared to 2014.
The company’s long-term goal is to grow at a faster rate than the market, on average by over 15% per year. Going forward, over 50% of net sales will come from the growth markets of Russia and its neighbouring countries. The company’s further long-term goals are to improve profitability, achieve an operating profit level of 10% and return on equity of 20%.
Nurminen Logistics will publish its Interim Report for January–March on 7 May 2015.
Nurminen Logistics Plc
President and CEO
For more information, please contact: Olli Pohjanvirta, President and CEO
Tel. +358 10 545 2431
NASDAQ OMX Helsinki
Nurminen Logistics is a listed company established in 1886 that offers logistics services. The company provides high-quality railway transports, project transport services, special transports and forwarding and cargo handling services to its customers. The main market areas of Nurminen Logistics are Finland, Russia and its neighbouring countries.