Nurminen Logistics (NLG1V) Q1 2025 earnings summary

Executive summary

• Achieved strong comparable EBITA of EUR 6.5 million (EUR 5.9 million), or 20.0% (16.7%) of net sales, despite an 8% year-over-year decline in net sales to EUR 32.4 million.

• Integration of Essinge Rail AB progressed well, supporting growth in Central Europe and expanding customer segments.

• Railway business showed significant growth, offsetting declines in Baltic operations due to the Red Sea crisis.

• Maintained high operational efficiency, improved cost structure, and increased cash and cash equivalents to EUR 18.4 million.

Financial highlights

• Net sales: EUR 32.4 million, down 8% year-over-year; up 41.6% sequentially from Q4 2024.

• EBITDA: EUR 8.1 million (25.1% of net sales), up from EUR 7.3 million (20.7%).

• Result for the period: EUR 3.0 million, down from EUR 4.9 million year-over-year.

• Earnings per share: EUR 0.02 (EUR 0.03 year-over-year).

• Cash flow from operating activities: EUR 6.0 million; cash and cash equivalents at period end: EUR 18.4 million.

Outlook and guidance

• Financial guidance for 2025 unchanged: net sales and comparable EBITA expected to increase, driven by growing rail operations.

• Scalable business model and geographic expansion support continued growth despite market uncertainties.