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2011-12-08 07:10:08 CET 2011-12-08 07:10:30 CET REGULATED INFORMATION Aspo - Company AnnouncementASPO'S CAPITAL MARKETS DAY ON DECEMBER 8, 2011ASPO PLC STOCK EXCHANGE RELEASE DECEMBER 8, 2011 at 8:10 As announced previously, Aspo will today, December 8, 2011, starting from 8:45 a.m., arrange a Capital Markets Day in Helsinki. Finnish presentation material will be available today at 12:30 on the company's website at http://www.aspo.fi/portal/fi/media. Summary: Aspo has today, through a separate stock exchange release, specified its outlook for 2011 issued in the January-September interim report. According to the previous outlook, Aspo's net sales will increase by 10−20% and operating profit will improve. According to the new outlook, Aspo will increase its 2011 net sales and operating profit by approximately 20%. Aspo Group's strategy - its key strengths being diversity, operating in the eastern growth market and the ability to implement structural reorganization - will remain unchanged. Furthermore, financial objectives have not undergone any changes. The company's objective is that the average operating profit percentage is closer to ten than five, average return on investment and equity is over 20%, and the company will distribute an annual dividend amounting to at least half of the operating period's result on average. The respective strategies and earning logic of different business operations will be introduced at the event. In addition, special current topics, such as investments and Aspo's new management system, will also be covered. Aspo has been able to achieve the strategy it issued in 2007. The Group has grown strongly in its selected growing market areas: Russia, other CIS countries, Ukraine, the Baltic countries, Poland and China. Aspo's investments in new market areas have increased net sales in countries outside Finland and Scandinavia to EUR 180.1 million (January-September 2011), comprising 51% of the Group's net sales. The long-lasting organic growth is estimated to continue within the selected areas. Russia's WTO membership will further abolish any obstacles in trading and lower import duties in Russia, Kazakhstan and Belarus, particularly regarding chemicals and foodstuff ingredients. Any improvement in the general investment atmosphere will create additional markets for the Aspo Group. Aspo will continue investing in the eastern growth market by establishing new offices and investing in personnel. The share issue carried out in spring 2011 and the Group's strong cash flow position have made it possible to continue the growth program. ESL Shipping's investment scheme has proceeded as planned and the newly concluded business acquisition by Leipurin Ltd supports the company's position within the eastern growth market. ASPO Plc Aki Ojanen CEO For more information: Aki Ojanen, CEO of Aspo Plc, phone +358 9 5211, +358 400 106 592 DISTRIBUTION: NASDAQ OMX Helsinki Key media www.aspo.com 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#1569913] |
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