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2013-09-20 13:00:02 CEST 2013-09-20 13:00:06 CEST REGULATED INFORMATION Nurminen Logistics Oyj - Company AnnouncementNurminen Logistics adjusts its outlookNurminen Logistics Plc Stock exchange release 20 September 2013 at 2:00 p.m. Prolonged lower demand, slowing down of rail traffic in Russia and challenges in wagon operations will impair the profitability of Nurminen Logistics' Railway Logistics unit. The company has launched a programme to develop wagon operations and traffic. Furthermore, the volume of transit traffic via the Baltic countries will fall short of the previous estimates due to a decrease in demand. Nurminen Logistics is therefore updating its future outlook. The company expects both its net sales and operating result to be clearly lower than 2012 level. In its previous estimate (Interim Report 1 August 2013), the company expected both its net sales and operating result to be lower than 2012 level. The company's long-term goal is to grow at a faster rate than the market, on average by over 15% per year. Going forward, over 50% of net sales will come from the growth markets of Russia and its neighbouring countries. The company's further long-term goals are to improve profitability, achieve an operating profit level of 10% and return on equity of 20%. Nurminen Logistics Plc Board of Directors For more information, please contact: Topi Saarenhovi, President and CEO, tel. +358 10 545 2431. DISTRIBUTION NASDAQ OMX Helsinki Major media www.nurminenlogistics.com Nurminen Logistics provides high-quality logistics services, such as railway transport, terminal services, forwarding, special and heavy transport and value-added services. The company has accumulated logistics know-how in three centuries, starting in 1886. Nurminen Logistics' main market areas are Finland, the Baltic Sea region, Russia and other Eastern European countries. The company's share is listed on NASDAQ OMX Helsinki. |
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