Aspo amends guidance as a result of strong profit development
October 17, 2014 - London
ASPO Plc STOCK EXCHANGE RELEASEOctober 17, 2014 at 11:40
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 third quarter, the Board of Directors of Aspo has decided to amend Aspo's full-year outlook for 2014.
Aspo's operating profit has continued to grow strongly within the EU area. Regardless of the continuing political and economic uncertainty and the significant decrease in currency values in Russia, Ukraine and other CIS countries that are important markets to Aspo, net sales and profitability within these regions have remained at a good level.
New guidance for 2014, issued on October 17, 2014: Aspo's operating profit will increase significantly in 2014 compared to 2013 and amount to EUR 22-24 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 Plc on the NASDAQ OMX Helsinki stock exchange during the fourth quarter of 2014.
Previous guidance from 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 will publish its interim report for the third quarter on October 28, 2014, at approximately 10:00 a.m.
Helsinki, October 17, 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.
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