Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
    • Transcripts
    • AGM Invitations
    • IPOs
  • inderesTV
  • Portfolio
  • Forum
  • Discovery
  • Premium
  • Femme
  • Nora AI
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Analyst Comment

Nurminen Logisticsin hybridilaina konvertoituu osakkeiksi

By Petri GostowskiCo. Head of Research
Nurminen Logistics

Nurminen Logistics tiedotti perjantaina, että Keskinäinen Eläkevakuutusyhtiö Ilmarinen on ilmoittanut konvertoivansa hallussaan olevan lainan maksamattoman 1,25 MEUR:n pääoman ja sille kertyneet 40 TEUR:n korot Nurminen Logisticsin osakkeiksi lainasopimuksen ehtojen mukaisesti. Merkittävien osakkeiden määrä on 2 875 795 osaketta.

Nurmisen mukaan Ilmarinen ilmoitti käyttävänsä hybridilainasopimuksen mukaista vaihto-oikeutta, vaikka Nurminen olisi ollut valmis lunastamaan hybridilainan. Järjestelyn seurauksena yhtiön vuotuiset korkokulut pienenevät 0,1 MEUR.

Lainan konvertointi osakkeiksi ei ollut erityisen yllättävää, kun huomioidaan, että alkuperäisten lainaehtojen mukaisesti konversiokurssi on 0,448 euroa osakkeelta ja selvästi alle nykykurssin. Lainakonversion avulla yhtiö pääsee eroon korkeakorkoisesta velkarahasta, sillä velkarahoituksen korko kohosi kuluvan vuoden alussa lainaehtojen mukaisesti 8 %:iin. Muiden osakkeenomistajien kannalta kokonaiskuva ei kuitenkaan muutu olennaisesti, sillä uusien osakkeiden myötä nykyisten osakkeenomistajien omistus laimentuu noin 3,9 %:lla.

Login required

This content is only available for logged in users

Create account

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 page

Key Estimate Figures06.03.2021

202021e22e
Revenue80.786.490.8
growth-%16.5 %7.1 %5.0 %
EBIT (adj.)0.42.93.1
EBIT-% (adj.)0.5 %3.3 %3.5 %
EPS (adj.)-0.08-0.01-0.01
Dividend0.000.000.00
Dividend %0.0 %0.0 %0.0 %
P/E (adj.)neg.neg.neg.
EV/EBITDA9.614.814.2

Forum discussions

On the other hand, what about North Rail and fertilizer transports? Russia has temporarily stopped ammonium nitrate exports. Were those on the...
3/27/2026, 9:08 PM
by KooAP
7
Shipping costs have increased quite a bit with the Trump and Netanyahu campaigns. Sea freight to the north has become more expensive. Road freight...
3/20/2026, 2:15 PM
by Perttu Hämäläinen
7
Some info about the ITA-SWE route: A new 2,500-kilometer freight connection has been opened between Sweden and Italy, launched by the Finnish...
3/19/2026, 10:15 AM
by T_sijoittaja
6
I really focused on listening to Olli’s storytelling and it made me feel good. He speaks like a person who wants his message to be understood...
2/27/2026, 5:47 PM
by Cezeta
9
Here are some thoughts on Nurminen from OP’s Kimmo Stenvall. Nurminen Logistics’ revenue grew by 10% year-on-year in Q4. In the Baltics, revenue...
2/27/2026, 3:38 PM
by Sijoittaja-alokas
5
Who needs profit when we have cash flow? Inderes Nurminen Logistics Q4'25: Kassavirta antaa selkänojaa kansainvälistymiselle -... Nurminen Logisticsin...
2/27/2026, 6:32 AM
by Verneri Pulkkinen
9
Here is the CEO’s interview. Good highlights include the impact of ice conditions on transport and, of course, the launch of service between...
2/26/2026, 1:00 PM
by Iikka Numminen
9
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.