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In line with pre-released figures, Aspo reported Q2 EBIT of EUR 9.6m. Net sales amounted to EUR 143m, 6% above Infront consensus. Cargo market returned to nearly normal level during Q2. Demand for Telko’s products was at a good level in all markets, while volume development was hindered by availability in certain product categories. Improved availability towards end of the quarter has caused some categories price levels to decrease. The outlook for a cargo market remains favourable and the company expects significantly higher transportation volumes y/y in H2. Operating cash flow stood at EUR 15.6m in Q2 (EUR 16.6m a year ago). The company reiterated its full year guidance (upgraded on 4 August) and expects EBIT to be EUR 30-36m in 2021 (from EUR 19.3m in 2020). For 2021, pre-Q2 Infront consensus has already been expecting operating profit of EUR 35m.

Source: Finwire News.

Aspo is a conglomerate that specializes in demanding B-to-B customers. It owns and develops its businesses in Northern Europe and in selected growing markets. Aspo's wholly owned subsidiaries ESL Shipping, Leipurin, Telko and Kauko operate under their own strong brands and provide value for their customers. The objective of the trade and logistics businesses is to be the market leaders in their sectors. Aspo's value is produced by the entity formed by its businesses.