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Nurminen Logistics Oyj (NLG1V.HE)

NLG1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nurminen Logistics H2 operating result swings to profit of EUR 0.3 mln
Thursday, 9 Mar 2017 06:00am EST 

Nurminen Logistics Oyj : H2 net sales 26.8 million euros ($28.3 million) versus 23.4 million euros a year ago . H2 operating profit 0.3 million euros versus loss 0.8 million euros year ago .Sees 2017 comparable net sales, comparable result and earnings per share will improve compared to 2016.  Full Article

Nurminen Logistics and Russian Rustranscom to establish company
Thursday, 22 Sep 2016 04:00am EDT 

Nurminen Logistics Oyj : Nurminen Logistics and Russian Rustranscom to establish a company . Agreement will see creation of a jointly owned company, NR Rail, a subsidiary of Nurminen Logistics Group . New agreement on international railway transport concluded between Finland and Russia is due to be ratified in near future . Change will be significant, as total value of railway logistics market in Finland is valued at 450 million euros ($505.40 million) .Aim is to start locomotive business in H2 2017.  Full Article

Nurminen Logistics operating loss flat at EUR 1.3 million
Thursday, 11 Aug 2016 06:00am EDT 

Nurminen Logistics Oyj : H1 net sales 18.8 million euros ($20.97 million) versus 23.1 million euros year ago . H1 operating loss 1.3 million euros versus loss 1.3 million euros year ago .Believes that market conditions during second half of year will be similar to first half of year.  Full Article

Nurminen Logistics gives 2015 outlook and proposes no 2015 dividend
Thursday, 18 Feb 2016 06:00am EST 

Nurminen Logistics Oyj:Sees both its operating result and earnings per share will improve compared to 2015.Expects net sales to fall short of level of 2015​ ‍.No dividend to be paid for financial year Jan. 1 - Dec. 31, 2015​.  Full Article

Nurminen Logistics updates outlook for FY 2015, gives long-term goals
Tuesday, 3 Nov 2015 08:30am EST 

Nurminen Logistics Oyj:Updates its outlook for FY 2015.Expects its net sales, operating result without exchange rate changes and earnings per share to decline significantly from FY 2014 levels.Main reasons for decline in net sales are sale of Nurminen Logistics Heavy Oy's shares and depreciation of rouble.In its previous estimate expected its net sales, operating result and earnings per share to decline from FY 2014 levels.Company's long-term goal is to grow at a faster rate than market, on average by over 15 pct per year.Company's further long-term goals are to improve profitability, achieve an operating profit level of 10 pct and return on equity of 20 pct.  Full Article

Nurminen Logistics Oyj to sell subsidiary Nurminen Logistics Heavy Oy
Friday, 11 Sep 2015 02:00am EDT 

Nurminen Logistics Oyj:Concludes agreement for selling Nurminen Logistics Heavy Oy's shares to Transport Company Ville Silvasti Oy.  Full Article

Nurminen Logistics says EGM elects Olli Pohjanvirta board member to be chosen as Chairman
Monday, 24 Aug 2015 09:05am EDT 

Nurminen Logistics Oyj:Says Extraordinary General Meeting (EGM) of Shareholders resolved that number of members of the Board will be five until the end of the next Annual General Meeting and thus complementing the Board with one member.Says EGM elected Olli Pohjanvirta as a board member and to be chosen as Chairman of board of directors.Says current Chairman of the Board of Directors Tero Kivisaari would continue as a Member of the Board of Directors.  Full Article

Nurminen Logistics Oyj nominates new President and CEO
Tuesday, 23 Jun 2015 06:26am EDT 

Nurminen Logistics Oyj:Marko Tuunainen (M. Sc. Econ.) has been elected as President and CEO of company.Tuunainen will start in position of President and CEO Aug. 1, 2015 and will continue in his previous role in addition to other duties.Current Nurminen Logistics Plc's President and CEO Olli Pohjanvirta will act in his current position until July 31, 2015.  Full Article

N Uljas Oy reaches 21.4 pct in Nurminen Logistics following directed share issue
Friday, 5 Jun 2015 07:00am EDT 

Nurminen Logistics Oyj:JN Uljas Oy subscribed for 1,250,000 new shares in Nurminen Logistics' directed share issue.Following the deal JN Uljas Oy holds 3,099,388 Nurminen Logistics Plc's shares which are equivalent to 21.4 percent of Nurminen Logistics Plc's share capital and voting rights.  Full Article

Nurminen Logistics: Payment deal for terminal leases and directed share issue
Thursday, 4 Jun 2015 06:00am EDT 

Nurminen Logistics Oyj:Agreed with Ilmarinen Mutual Pension Insurance Company on lease payment schedule of terminals located at the Vuosaari harbor as well as in Luumaki, Niirala and Vainikkala.Says a proportion of leases allocated for years 2015-2021 will, as an advanced payment, be paid to Ilmarinen by means of 13.5 million euro loans granted by Ilmarinen to company.Says rest of originally agreed lease will yet be paid during lease period.Says as part of agreement related to lease payments, Nurminen Logistics Plc will arrange a 1.7 million euro share issue.Directed share issue is in order to allow immediate implementation of agreement and to minimize arrangement costs.Says share subscription price is 1.20 euro per share.  Full Article

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