Nurminen Logistics updates its outlook for 2014 wi
Post# of 301275
Nurminen Logistics Plc Stock Exchange Release 5 August 2014 at 4:30 pm
Nurminen Logistics expects that both its operating result and earnings per share will improve compared to 2013, but that its net sales will fall short of the level of 2013 due to the decline in volumes in rail transport between Finland and Russia resulting from the crisis in Ukraine and the sanctions imposed on Russia.
In its previous estimate (Interim Report 8 May 2014), the company expected its net sales, operating result and earnings per share to improve compared to 2013.
The company continues to improve the efficiency of its operations due to the changing market situation.
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–June on 7 August 2014.
Nurminen Logistics Plc Olli Pohjanvirta President and CEO
For more information, please contact: Olli Pohjanvirta, President and CEO Tel. +358 10 545 2431
DISTRIBUTION
NASDAQ OMX Helsinki Major Media www.nurminenlogistics.com
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.
(0)
(0)