Aspo Group's half-year financial report shows improved profitability and strategic acquisitions.

From GlobeNewswire: 2024-08-14 01:00:00

Aspo Plc’s half-year financial report for January 1 – June 30, 2024 showcased successful strategy execution and improved profitability compared to the same period in 2023. Key figures for April–June 2024 include net sales increasing to EUR 153.5 million and comparable EBITA from continuing operations reaching EUR 7.4 million. Telko acquired Polyma and ESL Shipping completed the sale of two supramax vessels.

For January–June 2024, Aspo reported net sales from continuing operations at EUR 286.2 million. Comparable EBITA from continuing operations was EUR 12.4 million, with ESL Shipping contributing EUR 8.8 million, Telko EUR 4.2 million, and Leipurin EUR 2.5 million. Aspo’s guidance for 2024 remains unchanged, with a comparable EBITA expected to exceed EUR 32 million.

Rolf Jansson, CEO of Aspo Group, commented on the successful second quarter of 2024, noting the positive financial performance compared to the previous year. All businesses, including ESL Shipping, Telko, and Leipurin, saw improvements in profitability and net sales growth through organic volume growth and strategic acquisitions. Aspo’s new portfolio vision aims to form two separate companies, Aspo Compounder and Aspo Infra, to maximize shareholder value with new financial ambitions set for 2028.



Read more at GlobeNewswire:: Aspo Group’s half-year financial report, January 1 – June