Aspo Group Interim Report, January 1 to March 31, 2021: Record-high operating profit, relative profitability improved significantly
Figures from the corresponding period in 2020 are presented in brackets.
• Aspo’s net sales reached the comparative period’s level, being EUR 132.3 (133.2) million.
• Operating profit increased considerably to EUR 7.9 (4.0) million, driven by the improved results of ESL Shipping and Telko.
• Profit for the period increased and was EUR 6.4 (2.6) million.
• Earnings per share increased and were EUR 0.19 (0.07).
• Operating profit of ESL Shipping was EUR 4.5 (2.3) million, Leipurin EUR 0.3 (0.6) million, and Telko EUR 4.5 (2.4) million.
• Net cash from operating activities was EUR 6.6 (13.9) million. The impact of the change in working capital was EUR -7.2 (3.8) million.
Aki Ojanen, CEO of Aspo Group, comments on the first quarter of 2021:
Aspo achieved strong results during the first quarter of 2021, even though the coronavirus pandemic continues to have a negative impact on the operating conditions of some of our businesses. The Group’s operating profit reached a new record of EUR 7.9 (4.0) million during the first quarter. This significant increase in the operating profit resulted from Telko’s considerably improved profitability, with ESL Shipping’s Q1 results also being the strongest in its history.
Our potential to achieve our financial targets set for 2023 was already reflected strongly in our first quarter’s figures. Our operating profit rate increased to the targeted 6%, our return on equity exceeded the target of 20% and gearing continued to decrease towards the targeted 130%. This trend results from correct choices and the unrelenting fulfillment of our strategy in our businesses.
Cargotec Corporation
Cargotec refines its vision and strategy: a million tonne CO2 emission reduction in the value chain
Cargotec refines its vision and strategy: a million tonne CO2 emission reduction in the value chain
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 28 APRIL 2021 AT 1:25 PM (EEST)
Cargotec refines its vision and strategy: a million tonne CO2 emission reduction in the value chain
Cargotec s Board of Directors has confirmed the company s refined strategy and vision. Breakthrough objectives are sustainability and profitable growth.
With its business areas Kalmar, MacGregor and Hiab, Cargotec’s vision is to become the global leader in sustainable cargo flow.
“Our previous vision – becoming the global leader in intelligent cargo handling – highlighted the importance of digitalisation. With our present operating model, digitalisation already constitutes an integrated part of our processes, solutions and offering. Intelligent solutions enable sustainable and
Cargotec Corporation: Cargotec refines its vision and strategy: a million tonne CO2 emission reduction in the value chain finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Aspo Oyj: Resolutions of the Aspo Annual Shareholders Meeting
Resolutions of the Aspo Annual Shareholders Meeting
The Annual Shareholders Meeting of Aspo Plc was held today on April 8, 2021 in Helsinki. For the purpose of preventing the spread of the coronavirus pandemic, the Annual Shareholders Meeting was held without shareholders and their proxy representatives presence at the venue of the meeting. The Annual Shareholders Meeting of Aspo Plc approved the company s and consolidated financial statements 2020 and discharged the members of the Board of Directors and the CEO from the liability. The shareholders approved the payment of a dividend totalling EUR 0.35 per share.