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2011-04-12 08:00:17 CEST 2011-04-12 08:00:54 CEST REGULATED INFORMATION Aspo - Company AnnouncementADVANCE INFORMATION ABOUT ASPO GROUP'S NET SALES AND OPERATING PROFIT IN JANUARY-MARCH 2011ASPO Plc STOCK EXCHANGE RELEASE April 12, 2011 at 9:00 am. ADVANCE INFORMATION ABOUT ASPO GROUP'S NET SALES AND OPERATING PROFIT IN JANUARY-MARCH 2011 Aspo: Net sales and operating profit growing Based on initial information, Aspo Group's net sales in the first quarter of 2011 would increase by about 28% from the first quarter in the previous year and would be approximately EUR 107 million (January-March 2010: EUR 83.4 million). Aspo estimates the increase of operating profit in the first quarter of 2011 as approximately 38% and operating profit as approximately EUR 2.9 million (January-March 2010: EUR 2.1 million). Business Segments Aspo estimates that the respective net sales and operating profit of the Leipurin division, Telko, and Kaukomarkkinat increased and were clearly higher than in the comparison period. Administrative costs were as planned. The operating profit of ESL Shipping fell short of the previous year because the difficult ice situation affected the shipping company's result as expenses increased in winter traffic. The fuel consumption of vessels increased substantially and vessels had to wait for icebreakers to help them. Regarding ice, the past winter was the hardest in the quarter of a century, and approximately 75% of the Baltic Sea was covered by ice. Despite the ice situation, the net sales and transport volumes of ESL Shipping met the expected level. Aspo's guidance for 2011 Aspo maintains its guidance unchanged: Aspo has the preconditions to increase its net sales and improve its earnings per share. Publication of the first quarter 2011 interim report Aspo has announced to change the publication date for the first quarter interim report. Interim report for January-March 2011 will be published on May 11, 2011. Helsinki, April 12, 2011 ASPO Plc Aki Ojanen CEO For more information: Aki Ojanen, CEO of Aspo Plc, tel. +358 9 5211, +358 400 106 592 DISTRIBUTION: NASDAQ OMX Helsinki Key media www.aspo.fi Aspo is a conglomerate that owns and develops business operations in Northern Europe and growth markets, focusing on demanding B-to-B customers. Our strong company brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - aim to be the market leaders in their sectors. They are responsible for their own operations, customer relationships, and the development of these. Together they generate Aspo's goodwill. Aspo's Group structure and business operations are continually developed without any predefined schedules. [HUG#1505245] |
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