In its interim report Aspo Group has revealed its successful strategy execution in a challenging operating environment, following through on its goals for 2024.
Figures from the corresponding period in 2023 are presented in brackets.
January – March 2024
Rolf Jansson, CEO of Aspo Group, commented on the 1Q24: “Aspo has successfully pursued its strategical ambitions so far during year 2024. ESL has secured financing capability for its green transition, Telko has made multiple acquisitions, and Leipurin has both invested in growth as well as improved company profitability.
“Aspo’s comparable operating profit from continuing operations was €4.8 million compared to €8.4 million in the corresponding period in the previous year. The profitability development was driven by political strikes in Finland and exceptional ice conditions, impacting negatively ESL Shipping’s profitability with some €3.5 million in the quarter. The negative impact was e.g. due to reduced production volumes of clients, closures of harbours, disturbances in train traffic, longer transportation distances, increased fuel consumption, and overall decline in cargo flow efficiency. Despite the tough conditions, ESL Shipping was able to serve its customers well.”
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