2013-09-20 13:00:00 CEST

2013-09-20 13:00:04 CEST


REGULATED INFORMATION

Finnish English
Nurminen Logistics Oyj - Company Announcement

Nurminen Logistics launches profit improvement programme in its Finnish units


Nurminen Logistics Plc                    Stock exchange release 20 September
2013 at 2:00 p.m. 

Nurminen Logistics is launching a profit improvement programme in order to
improve its profitability, competitiveness and operational requirements in a
challenging business environment. As part of the programme, the company will
start co-determination negotiations in its Finnish units. 

The profit improvement programme will take place in 2013 - 2014. The programme
aims at annual savings of EUR 2 million in fixed expenses as of 2014. The
programme may include restructuring and other efficiency measures in order to
improve profitability. The co-determination negotiations concern all employees
in Finland. According to preliminary estimates, the need for personnel cuts is
estimated to be approximately 40 employees. The measures and the impacts on
personnel will be specified in the negotiations with the employees. 

The non-recurring expenses arising from the need for personnel reduction amount
to approximately EUR 600 thousand, which will be recognised for the last
quarter of 2013. 

Nurminen Logistics had a total of 246 employees in Finland on 30 June 2013.

The efficiency programme will have no impact on the company's business or
service portfolio. 

Nurminen Logistics Plc

Topi Saarenhovi
President and CEO

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.