• Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Nurminen Logistics

0.69 EUR0.00 %28.7, 17.29
4,243 following

NLG1V

NASDAQ Helsinki

Transport & Logistics

Industrials

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
0.00 %
-18.35 %
-18.54 %
-26.64 %
-26.72 %
-38.37 %
-28.16 %
-40.94 %
-32.35 %

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.

Read more
Market cap
56.16M EUR
Turnover
21.4K EUR
P/E (adj.) (26e)
40.23
EV/EBIT (adj.) (26e)
9.16
P/B (26e)
1.91
EV/S (26e)
0.96
Dividend yield-% (26e)
2.88 %
Coverage
Recommendation
Reduce
Target price
0.70 EUR
Updated
27.07.2026
Disclaimer
Aapeli Pursimo
Aapeli Pursimo

Analyst

Latest research

Latest analysis report

Released: 27.07.2026

Latest extensive report

Released: 19.06.2025

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types

Forum discussions
As for North Rail, it is natural to consider the export duties as “final” and, consequently, to view this business as lost. However, we have enough experience with Russia’s decisions that I would not be at all certain that the same increases will remain in effect next year. One would...
7/8/2026, 12:24 PM
by Perttu Hämäläinen
7
Here are Pauli’s comments on the CEO change Inderes – 16 Jul 26 Nurminen Logistics: Toimitusjohtaja vaihtuu vuodenvaihteessa - Inderes Uusi johtaja tulee keskittymään Länsi-Euroopan kasvustrategian toteutukseen.
7/16/2026, 6:49 AM
by Sijoittaja-alokas
4
Aapeli interviewed Nurminen’s CEO Olli Pohjanvirta following the Q2 results (00:00) Introduction (00:15) Key highlights of the quarter (04:12) Railway tariffs and profit warning (07:42) Adjustment measures (10:48) North Rail’s financing arrangement (11:51) International railway business...
yesterday
by Sijoittaja-alokas
3
On the other hand, in the Vainikkala-Kotka case, those fertilizers aren’t staying here; they are being transported elsewhere. Likewise, Russia can still earn money from fertilizer exports if the ship simply picks up the fertilizers from a Russian port instead. It was different in...
7/9/2026, 8:54 PM
by KooAP
3
It seems the fertilizer traffic hasn’t completely stopped after all. Today, one train was running on the Vainikkala–Kotka route. Also, no ammonia has been transported to Uusikaupunki this month, and it remains to be seen if the next shipment goes there on August 11th, provided it...
yesterday
by KooAP
2
It’s a bit of a “hope-and-pray” situation for Nurminen now, with the Russia risk materializing on top of the previous risks. The CEO is pouring confidence into the future, but as Verneri says, you shouldn’t necessarily believe what management says. I have a negligible position in...
yesterday
by Ränta på ränta
2
Aapeli has published a new company report on Nurminen regarding Q2. Nurminen Logistics’ Q2 result fell clearly short of our expectations, pressured by margins. In our view, the company is making good progress in ramping up its intra-European rail traffic, and we also saw signs of...
yesterday
by Sijoittaja-alokas
2
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
22.10
2026

Interim report Q3'26

Nurminen Logistics Q2'26: Stepping off, eyes on international track
Research27.07.2026, 09.10 by
Aapeli Pursimo

Nurminen Logistics Q2'26: Stepping off, eyes on international track

Nurminen Logistics' Q2 print was clearly below our expectations, burdened by the margin.

Nurminen Logistics
Regulatory press release24.07.2026, 08.00

Nurminen Logistics Plc's Half-Year Financial Report January-June 2026

Nurminen Logistics
Nurminen Logistics: CEO switch when year turns
Analyst Comment16.07.2026, 08.13 by
Pauli Lohi

Nurminen Logistics: CEO switch when year turns

The new CEO will focus on implementing the growth strategy in Western Europe.

Nurminen Logistics

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Regulatory press release16.07.2026, 07.00

Inside information: Mikko Kuusilehto appointed CEO of Nurminen Logistics Plc as of 1 January 2027

Nurminen Logistics
Regulatory press release16.07.2026, 07.00

Inside information: Nurminen Logistics' Board of Directors and CEO have agreed on a planned CEO transition

Nurminen Logistics
Nurminen Logistics Q2'26 preview: Westward bound
Research08.07.2026, 07.50 by
Aapeli Pursimo

Nurminen Logistics Q2'26 preview: Westward bound

We significantly lowered our earnings estimates for Nurminen Logistics for the coming years due to last week's profit warning.

Nurminen Logistics
Regulatory press release07.07.2026, 13.30

Nurminen Logistics Plc to issue new shares in the company to the company itself without consideration

Nurminen Logistics
Nurminen Logistics reacts to changes in the operating environment
Analyst Comment06.07.2026, 08.27 by
Petri Gostowski

Nurminen Logistics reacts to changes in the operating environment

Nurminen announced on Friday that its subsidiary North Rail Oy will initiate change negotiations.

Nurminen Logistics
Regulatory press release03.07.2026, 12.00

Nurminen Logistics Plc's subsidiary, North Rail Oy, will initiate change negotiations to ensure the company's competitiveness in a rapidly changing market environment

Nurminen Logistics
Nurminen Logistics downgraded its guidance due to Russian tariff increases
Analyst Comment03.07.2026, 07.44 by
Petri Gostowski

Nurminen Logistics downgraded its guidance due to Russian tariff increases

Nurminen Logistics issued a profit warning on Thursday, due to Russia's decision to significantly increase tariffs for rail transport to Finland.

Nurminen Logistics
Regulatory press release02.07.2026, 11.45

Nurminen Logistics Plc: Inside information, profit warning: Outlook 2026 - Net sales to remain at or slightly below 2025 level. Comp. EBITA to decline clearly from 2025 while remaining at a good level

Nurminen Logistics
Russia's revisions to railway tariffs could hit Nurminen Logistics
Analyst Comment02.07.2026, 08.11 by
Petri Gostowski

Russia's revisions to railway tariffs could hit Nurminen Logistics

Finnish news outlets have recently reported on Russia's decisions to close border crossings between the country and Finland.

Nurminen Logistics
Nurminen Logistics CMD: Intra-European railway business as a medium-term growth driver
Analyst Comment20.05.2026, 10.31 by
Aapeli Pursimo

Nurminen Logistics CMD: Intra-European railway business as a medium-term growth driver

Nurminen Logistics hosted a Capital Markets Day (CMD) in Stockholm yesterday, and a recording of the event is available here.

Nurminen Logistics
Nurminen Logistics’ Capital Markets Day 2026
Webcast19.05.2026, 13.00

Nurminen Logistics’ Capital Markets Day 2026

At the Capital Markets Day, the company's management will provide information on Nurminen Logistics’ key strategic focus areas, business operations and operating environment, as well as present the company's financial development.

Nurminen Logistics
Regulatory press release28.04.2026, 15.00

Decisions of the Annual General Meeting of Nurminen Logistics Plc

Nurminen Logistics
Nurminen Logistics Q1'26: Pace picks up as the year progresses
Research24.04.2026, 10.12 by
Aapeli Pursimo

Nurminen Logistics Q1'26: Pace picks up as the year progresses

Nurminen Logistics’ Q1 report was well in line with our expectations.

Nurminen Logistics
Regulatory press release23.04.2026, 08.00

Nurminen Logistics Plc's Business Review Q1 2026: Train traffic between Italy and Sweden accelerates future growth - operating profit remained at an industry-leading level

Nurminen Logistics
Nurminen Logistics Q1’26 preview: Earnings likely to clearly decrease from a strong comparison period
Analyst Comment20.04.2026, 09.03 by
Aapeli Pursimo

Nurminen Logistics Q1’26 preview: Earnings likely to clearly decrease from a strong comparison period

Nurminen Logistics will publish its Q1 report on Thursday, April 23, 2026.

Nurminen Logistics
Regulatory press release16.04.2026, 09.15

Nurminen Logistics: Disclosure under Chapter 9 Section 5 of the Securities Markets Act

Nurminen Logistics
Regulatory press release07.04.2026, 14.00

Nurminen Logistics: NOTICE TO NURMINEN LOGISTICS PLC'S ANNUAL GENERAL MEETING

Nurminen Logistics