Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
Aspo operates in the transport and logistics industry. The company is run as a conglomerate with the vision of being an active player in the acquisition and development of companies, mainly in the growth markets of Eastern Europe. The industries in which the company has interests include, for example, the grocery retail, industry, and the IT sector. The headquarters are located in Helsinki.
Q3 earnings improved y/y, but the underlying result was mixed. The adjusted EBITA margin for the Telko segment was good, but low cargo demand and poor vessel utilisation affected ESL Shipping's profitability. Aspo maintained its outlook, guiding for ...
Aspo was not able to sell ESL Shipping at a reasonable price, and so both segments will be listed as separate companies. Independent Telko could even reach higher valuation multiples in 2027 than it could as part of the Aspo group. The planned demerger...
Q2 net sales and clean EBITA were above our expectations. Favourable pricing supported the Telko segment, but the market environment has remained somewhat soft in the ESL Shipping segment. Aspo maintained its outlook, guiding for a y/y EBITA improvement...
Peaking plastics and chemical prices supported the Telko segment in Q2. The full-year outlook remains unchanged, and Aspo guides for an improvement in comparable EBITA in 2026 y/y. A potential divestment price for the ESL Shipping segment may have been...
Market sentiment in the dry bulk shipping sector improved somewhat in Q2. In addition, higher fuel prices are not a major headwind for ESL Shipping, as Aspo is able to pass on fuel costs to its customers. However, fuel costs should increase once utilisation...
