Aspo

6.08 EUR

+1.67 %

5,449 following

ASPO

NASDAQ Helsinki

Conglomerates

Industrials

+1.67 %
-2.25 %
-12.14 %
-6.75 %
-8.16 %
+16.03 %
-14.37 %
-36.47 %
+339.84 %

Aspo operates in the transport and logistics industry. The company is run as a conglomerate with the vision of being an active player in the acquisition and development of companies, mainly in the growth markets of Eastern Europe. The industries in which the company has interests include, for example, the grocery retail, industry, and the IT sector. The headquarters are located in Helsinki.

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Market cap
191.03M EUR
Turnover
63.15K EUR
P/E (adj.) (26e)
13.52
EV/EBIT (adj.) (26e)
12.58
P/B (26e)
1.18
EV/S (26e)
0.72
Dividend yield-% (26e)
4.28 %
Coverage
Recommendation
Accumulate
Target price
7.20 EUR
Updated
28.04.2026
Disclaimer
Kasper Mellas
Kasper Mellas

Analyst

Latest research

Latest analysis report

Released: 28.04.2026

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
3.8
2026

Interim report Q2'26

2.11
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
ShowingAll content types
Third party research

Aspo: Earnings are to improve - Evli

Aspo Q1 figures were relatively close to estimates. ESL could still drive more significant earnings gains this year, while Telko and lower group costs should ensure at least some gain.

Aspo
Third party research

Aspo: Outlook for end demand has not greatly improved - Nordea

Q1 net sales and clean EBITA were relatively close to our expectations, but the start of the year was not easy for Aspo. Geopolitical uncertainties negatively affected the overall economic environment. Hence, we lower our 2026 forecasts slightly for ...

Aspo

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Third party research

Aspo: Full year 2026 guidance unchanged - Nordea

Net sales from continuing operations was in line with our expectation in Q1. Adjusted EBITA from continuing operations came slightly above our forecast in Q1. ESL Shipping segment reported clean EBITA of EUR 3.3m compared to our forecast of EUR 3.6m ...

Aspo
Third party research

Aspo: Earnings landed near estimates - Evli

Aspo’s Q1 figures landed quite close to estimates as ESL’s EBITA remained rather weak while Telko saw stronger development. Higher fuel prices should not have significant long-term impacts on either ESL or Telko, however the high levels might help the...

Aspo
Third party research

Aspo: To divest or to demerge...that is the question - Nordea

No new information regarding the possible divestment of the ESL Shipping segment has been released. The divestment or a demerger of ESL Shipping is expected to happen this year. Thus, we believe the Telko segment's compounder strategy could be the main...

Aspo
Third party research

Aspo: Many earnings levers in sight - Evli

Aspo reports Q1 results on Apr 27. We believe FY’26 EBITA will improve by at least some amount thanks to Telko and lower group costs, however ESL’s impending recovery could lead the figure closer to EUR 40m if not this year then next.

Aspo
Forum discussions
Kasper has written a new company report following the plunge in Aspo’s share price. In our view, Aspo is well-positioned with an eye on industrial demand picking up in due course, in addition to which the upcoming structural reorganization offers an interesting special situation....
2/21/2026, 1:19 PM
by Sijoittaja-alokas
11
OP TARGET PRICE €8.3, RECOMMENDATION ADD
2/17/2026, 3:21 PM
by osakemax
6
Aspo is well on its way to splitting into two separate listed companies, “ESL Shipping” and “Telko”, judging by the CEO’s comments, although he also mentions the possibility of selling ESL. The strategic transformation is progressing, and rightly so. Kasper’s interview revealed that...
2/16/2026, 6:56 PM
by osakemax
6
Kasperi interviewed Aspo’s CEO Rolf Jansson regarding Q1. Inderes Aspo Q1'26: ”Torjuntavoitto” - Inderes Aika: 27.04.2026 klo 13.30 Aspon toimintaympäristö jatkui haastavana Q1:llä. ESL Shippingiä painoivat heikko kysyntä sekä nousseet polttoainekustannukset. Telko sen sijaan yll...
4/27/2026, 11:33 AM
by Sijoittaja-alokas
4
Kassu has written a company report following Aspo’s Q4 results In our view, Aspo is well-positioned for an eventual recovery in industrial demand, in addition to which the looming structural reorganization offers an interesting special situation. Following the share price rise and...
2/17/2026, 7:53 AM
by Sijoittaja-alokas
4
Inderes Aspo Oyj:n tilinpäätöstiedote 1.1.–31.12.2025: Merkittävä tulosparannus... Aspo Oyj Tilinpäätöstiedote 16.2.2026 klo 9.00 Aspo Oyj:n tilinpäätöstiedote 1.1.–31.12.2025: Merkittävä tulosparannus haastavassa markkinassa vuonna 2025 Tämä on tiivistelmä Aspo Oyj:n tilinp... Inderes...
2/16/2026, 9:56 AM
by Gwertheney
4
Here is a new company report on Aspo from Kasper after Q1 The takeaway from Aspo’s Q1 earnings day turned slightly negative. Consequently, we have lowered our earnings forecasts for the current year and are also revising our target price to EUR 7.2 per share (prev. EUR 7.6). In our...
4/28/2026, 5:53 AM
by Sijoittaja-alokas
3
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