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.
Aspo Group Financial Statement Release, January 1 to December 31, 2020
Aspo Q4: A strong conclusion to a challenging year, record-high operating profit and cash flow during the quarter
October–December 2020
– Aspo’s net sales decreased and were EUR 133.5 (147.0) million.
– Operating profit increased from the comparative period and was EUR 7.6 (5.4) million.
– Profit for the period increased and was EUR 6.1 (3.7) million.
– Earnings per share increased and were EUR 0.19 (0.10).
– Operating profit of ESL Shipping was EUR 4.8 (4.4) million, Leipurin EUR 0.2 (1.1) million, and Telko EUR 4.1 (0.9) million.
– Net cash from operating activities was EUR 25.1 (18.9) million.
January–December 2020
– Operating profit decreased and was EUR 19.3 (21.1) million.
– Profit for the period decreased and was EUR 13.4 (16.1) million.
Aspo Oyj: Aspo Group Financial Statement Release, January 1 to December 31, 2020
Aspo Group Financial Statement Release, January 1 to December 31, 2020
Aspo Q4: A strong conclusion to a challenging year, record-high operating profit and cash flow during the quarter
October-December 2020 - Aspo s net sales decreased and were EUR 133.5 (147.0) million. - Operating profit increased from the comparative period and was EUR 7.6 (5.4) million. - Profit for the period increased and was EUR 6.1 (3.7) million. - Earnings per share increased and were EUR 0.19 (0.10). - Operating profit of ESL Shipping was EUR 4.8 (4.4) million, Leipurin EUR 0.2 (1.1) million, and Telko EUR 4.1 (0.9) million. - Net cash from operating activities was EUR 25.1 (18.9) million.