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Nurminen Logistics

0.80 EUR

-4.42 %

4,223 following
Corporate customer

NLG1V

NASDAQ Helsinki

Transport & Logistics

Industrials

-4.42 %
-6.86 %
-15.42 %
-15.68 %
-22.83 %
-22.98 %
+0.38 %
-15.68 %
-21.92 %

Nurminen Logistics is an industrial group that offers transport and logistics services. The company's services include freight forwarding and freight handling services via rail transport, where the largest market is found in the Nordic and Baltic markets. In addition, customized services for various projects are offered, as well as access to terminal services. The company was founded in 1886 and has its headquarters in Helsinki.

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Market cap
64.67M EUR
Turnover
9.47K EUR
P/E (adj.) (26e)
8.27
EV/EBIT (adj.) (26e)
5.89
P/B (26e)
1.65
EV/S (26e)
0.94
Dividend yield-% (26e)
3.75 %
Coverage
Recommendation
Accumulate
Target price
1.00 EUR
Updated
27.02.2026
Disclaimer
Aapeli Pursimo
Aapeli Pursimo

Analyst

Latest research

Latest analysis report

Released: 27.02.2026

Latest extensive report

Released: 19.06.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
23.4
2026

Interim report Q1'26

28.4
2026

General meeting '26

24.7
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
High
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Nurminen Logistics Q2'25: Valuation still moderate
Research by
Aapeli Pursimo

Nurminen Logistics Q2'25: Valuation still moderate

The Q2 result fell short of our expectations, reflecting the development of the Baltic operations. However, the development of the Railway business met our expectations well, even though the quarter's progress was hampered by maintenance shutdowns at North Rail's customers' factories.

Nurminen Logistics
Forum discussions
Nurminen (North Rail) trains ran 22.5% less this January compared to a year ago. The low volume of trains is due to fertilizer trains, which saw their lowest numbers in over a year. Typically, the beginning of the year has been a busy time for fertilizers, but not this time. The ...
2/2/2026, 2:11 PM
by Iikka Numminen
15
I really focused on listening to Olli’s storytelling and it made me feel good. He speaks like a person who wants his message to be understood. Of course, everyone probably wants that, but I’ve followed many interviews lately that leave you wondering what they were actually trying...
2/27/2026, 5:47 PM
by Cezeta
9
Who needs profit when we have cash flow? Inderes Nurminen Logistics Q4'25: Kassavirta antaa selkänojaa kansainvälistymiselle -... Nurminen Logisticsin Q4-luvut jäivät operatiivisesti hieman odotuksistamme. Thus, we see the cash flow yield as being quite attractive despite the shares...
2/27/2026, 6:32 AM
by Verneri Pulkkinen
9
Here is the CEO’s interview. Good highlights include the impact of ice conditions on transport and, of course, the launch of service between Italy and Sweden. Inderes Nurminen Logistics Q4'25: Italia–Ruotsi‑junayhteys alkoi - Inderes Aika: 26.02.2026 klo 14.58 Nurmisen liikevaihto...
2/26/2026, 1:00 PM
by Iikka Numminen
9
Shipping costs have increased quite a bit with the Trump and Netanyahu campaigns. Sea freight to the north has become more expensive. Road freight rates are increasing almost daily. My gut feeling is that Nurminen would be a short-term beneficiary here, or well, the jury is still...
3/20/2026, 2:15 PM
by Perttu Hämäläinen
6
Some info about the ITA-SWE route: A new 2,500-kilometer freight connection has been opened between Sweden and Italy, launched by the Finnish logistics company Nurminen Logistics and the Italian FS Logistix, through its German subsidiary TX Logistik AG. The weekly connection between...
3/19/2026, 10:15 AM
by T_sijoittaja
6
On the other hand, what about North Rail and fertilizer transports? Russia has temporarily stopped ammonium nitrate exports. Were those on the trains to Kotka? On the other hand, it shouldn’t affect ammonia, but both ammonia loads from Uusikaupunki in that direction were cancelled...
yesterday
by KooAP
5
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