Nurminen Logistics: CEO switch when year turns
Summary
- Nurminen Logistics announced a leadership change with Mikko Kuusilehto set to become CEO on January 1, 2027, bringing significant international business experience.
- The company's strategic focus will shift towards growth in Western Europe to diversify operations and mitigate risks associated with Asian and Russian logistics.
- Current CEO Olli Pohjanvirta will remain in his role until the end of 2026 and will then assist in the transition as an advisor.
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Translation: Original published in Finnish on 7/16/2026 at 9:05 am EEST.
The company announced this morning an upcoming change in leadership. The new CEO is experienced, including in international business, which supports Nurminen's strategic growth ambitions in Western European markets. In the future, the strategy will focus on growth in Western Europe, which would allow the company to diversify its operations and reduce risks related to Asian and Russian logistics. The company outlined its Western European growth strategy at its Capital Markets Day in May.
New CEO has significant industrial background
The company announced that Mikko Kuusilehto (M.Sc. Eng.) will start as the new CEO on January 1, 2027. Kuusilehto is currently the CEO of Robit, a manufacturer of drilling products, and has previously held management positions in the recycling industry and in construction materials. Kuusilehto also has significant experience in international business.
The change appears carefully planned
Current CEO Olli Pohjanvirta will continue in his position until the end of 2026 and will then serve as an advisor to the new CEO during a transition period. Pohjanvirta served in the position since the end of 2020, for roughly 6 years.
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Nurminen Logistics is an industrial group that offers transport and logistics services. The company's services include freight forwarding and freight handling services via rail transport, where the largest market is found in the Nordic and Baltic markets. In addition, customized services for various projects are offered, as well as access to terminal services. The company was founded in 1886 and has its headquarters in Helsinki.
Read more on company pageKey Estimate Figures08.07.
| 2025 | 26e | 27e | |
|---|---|---|---|
| Revenue | 109.4 | 105.2 | 114.3 |
| growth-% | 4.4 % | -3.8 % | 8.7 % |
| EBIT (adj.) | 18.3 | 13.7 | 14.2 |
| EBIT-% (adj.) | 16.7 % | 13.0 % | 12.4 % |
| EPS (adj.) | 0.08 | 0.08 | 0.09 |
| Dividend | 0.03 | 0.02 | 0.03 |
| Dividend % | 3.2 % | 2.9 % | 4.4 % |
| P/E (adj.) | 11.6 | 9.0 | 7.9 |
| EV/EBITDA | 4.8 | 5.5 | 4.5 |
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