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Last €1.14 EUR
Change Today 0.00 / 0.00%
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NLG1V On Other Exchanges
As of 11:29 AM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

nurminen logistics oyj-a (NLG1V) Snapshot

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nurminen logistics oyj-a (NLG1V) Details

Nurminen Logistics Oyj provides logistics services in Finland, Russia, and Baltic countries. It operates through three segments: Railway Logistics, Special Transports and Projects, and Forwarding and Value Added Services. It delivers normal export and import transports, as well as offers project and special transport services for rail traffic between Finland, Russia, and other CIS countries. The company also provides customs clearance services for import and export trade in Finland; terminal services; special and heavy transport services; and project logistics services, including freight forwarding, documentation, and warehousing. Nurminen Logistics Oyj was founded in 1886 and is headquartered in Helsinki, Finland.

236 Employees
Last Reported Date: 05/7/15
Founded in 1886

nurminen logistics oyj-a (NLG1V) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: €242.5K
Compensation as of Fiscal Year 2014.

nurminen logistics oyj-a (NLG1V) Key Developments

Nurminen Logistics Plc Announces Management Changes

The board of directors of Nurminen Logistics Plc announced that Mr. Marko Tuunainen has been elected as President and CEO of the company. Mr. Tuunainen has previously acted in the company as SVP, Forwarding and Value added services business line. Mr. Tuunainen will start in the position of the President and CEO 1 August 2015 and will continue in his previous role in addition to other duties. The current Nurminen Logistics Plc's President and CEO Olli Pohjanvirta will act in his current position until 31 July 2015. After this Mr. Pohjanvirta will continue in the company as a support for the new CEO until further notice. The board of directors is proposing to nominate Mr. Pohjanvirta as a new member of the board.

Nurminen Logistics plc Reports Consolidated Earnings Results for the Quarter Ended March 31, 2015

Nurminen Logistics Plc reported consolidated earnings results for the quarter ended March 31, 2015. For the quarter, the company reported net sales of EUR 10,963,000 compared to EUR 14,114,000 a year ago. Operating loss EUR 1,435,000 compared to operating profit of EUR 24,000 a year ago. Loss before tax was EUR 1,512,000 compared to EUR 699,000 a year ago. Loss for the period was EUR 1,547,000 compared to EUR 791,000 a year ago. Loss attributable to equity holders of the parent company was EUR 1,602,000 compared to EUR 831,000 a year ago. Diluted loss per share was EUR 0.12 compared to EUR 0.06 a year ago. Cash flow from operating activities was EUR 524,000 compared to cash flow used in operating activities of EUR 1,634,000 a year ago. Investments in property, plant and equipment and intangible assets was EUR 77,000 compared to EUR 31,000 a year ago. Gross capital expenditure EUR 130,000 compared to EUR 70,000 a year ago. Operating margin was negative 13.1% compared to positive operating margin of 0.2% a year ago. The Group's interest-bearing debt totalled EUR 21.5 million, while net interest-bearing debt amounted to EUR 20.2 million. The equity ratio was 22.4%.

Nurminen Logistics plc Revises Earnings Guidance for the Year 2015

Nurminen Logistics Plc revised earnings guidance for the year 2015. For the year, the company 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. In its previous estimate the company expected its net sales, operating result and earnings per share to improve compared to 2014.


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