Nurminen Logistics
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Nurminen Logistics (NLG1V) investor relations material

Nurminen Logistics Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary22 Oct, 2026

Executive summary

  • Q3 net sales rose 10.4% YoY to €26.3m, led by international rail and Baltic growth; the period ended with a €3.2m net loss.

  • International expansion supported growth while lower Finnish rail volumes, launch costs and financing charges weighed on profitability.

Financial highlights

  • Q3 net sales were €26.3m vs €23.8m; 9M net sales were €80.0m vs €84.2m.

  • Q3 EBITDA was €2.3m vs €5.5m; comparable EBITDA was €3.6m vs €5.9m.

  • Q3 comparable EBITA was €1.8m vs €3.8m; reported EBITA was €0.6m vs €3.4m.

  • Q3 operating result was €0.4m vs €3.2m; net loss was €3.2m vs €1.6m net income, and EPS was -€0.04 vs €0.01.

  • 9M comparable EBITA was €8.3m vs €14.6m; operating cash flow was €2.1m vs €14.1m.

Outlook and guidance

  • FY 2026 net sales are expected at the comparison-period level or slightly lower; comparable operating profit is expected significantly lower YoY but to remain at a good profitability level.

  • Spain–Sweden traffic is progressing to plan, with service launch targeted for early 2027.

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Frequently asked questions

Nurminen Logistics Oyj is a Finnish company providing a range of logistics services. Its main offerings include rail transport, terminal services such as storage and handling of heavy goods, and forwarding services, which assist with customs clearance and documentation related to international trade. The company also specializes in multimodal transport, combining various transportation methods, and offers warehousing solutions, including the handling of dangerous goods. Nurminen Logistics operates primarily in Finland and the Baltic Sea region, catering to sectors such as manufacturing, shipping, and trade. The company is headquartered in Helsinki, Finland, and its shares are listed on the Nasdaq Helsinki.