Nurminen Logistics updates its outlook for 2015
Nurminen Logistics Plc Stock Exchange Release 3 November 2015 at 3.30 p.m.
Nurminen Logistics expects its net sales, operating result without exchange rate changes and earnings per share to decline significantly from the 2014 levels. The main reasons for decline in net sales are sale of Nurminen Logistics Heavy Oy’s shares and the depreciation of the rouble. If realised, the planned fleet sales will have a positive impact on cash flow and financial position. The effect of fleet sales on the result depends on the rouble exchange rate at the time of the transaction. The predictability of the operating result involves significant uncertainty due to the development of the rouble exchange rate in the end of the year. Exchange rate fluctuations have a significant impact on the reported net sales and operating result.
In its previous estimate (Interim Report 1 January – 30 June 2015 on 6 August 2015), the company expected its net sales, operating result and earnings per share to decline from the 2014 levels.
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–September on 5 November 2015.
Nurminen Logistics Plc
President and CEO
For more information, please contact: Marko Tuunainen, President and CEO
Tel. +358 10 545 7011
NASDAQ OMX Helsinki
Nurminen Logistics is a listed company established in 1886 that offers logistics services. The company provides high-quality forwarding, cargo handling and value added services as well as railway transports and related to it project transport services to its customers. The main market areas of Nurminen Logistics are Finland, Russia and its neighbouring countries.