Aspo amends guidance as a result of strong profit development
August 4, 2014 - London
ASPO Plc STOCK EXCHANGE RELEASEAugust 4, 2014, at 10:15
ASPO AMENDS GUIDANCE AS A RESULT OF STRONG PROFIT DEVELOPMENT
Aspo Plc amends its outlook for 2014. Based on the preliminary unaudited result for the second quarter and the estimated result for July, the Board of Directors of Aspo has decided to amend Aspo's full-year outlook for 2014.
The improvement of Aspo's operating profit has continued strongly, even though the political and economic uncertainty has continued in Russia, Ukraine and other CIS countries, important markets to Aspo. All of Aspo's business segments improved their operating profit significantly during the second quarter when measured against the comparison period.
New guidance for 2014, issued on August 4, 2014: Aspo's operating profit will increase significantly in 2014 compared to 2013 and amount to EUR 17-20 million (operating profit for 2013: EUR 10.8 million).
Aspo's new, amended guidance does not include any positive non-recurring items. Aspo announced on June 17, 2014, that it aims to list Leipurin Ltd on the NASDAQ OMX Helsinki stock exchange during the fourth quarter of 2014.
Previous guidance reiterated on May 5, 2014: Aspo will improve its operating profit.
Aspo will publish its interim report for the second quarter on August 18, 2014, at approximately 10:00 a.m.
Helsinki, August 4, 2014
For further information, please contact:
Aki Ojanen, CEO Aspo Plc, +358 9 521 4010, +358 400 106 592, e-mail aki.ojanen (a)aspo.com.
Aspo is a conglomerate that owns and develops business operations in northern Europe and emerging markets, focusing on demanding B-to-B customers. Our strong company brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - aim to be the market leaders in their sectors. They are responsible for their own operations, customer relationships and the development of these. Together they generate Aspo's goodwill. Aspo's Group structure and business operations are continually developed without any predefined schedules.
NASDAQ OMX Helsinki
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aspo Oyj via Globenewswire