contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


nurminen-logistics-turnaround-helps-switch-growth-track

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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.

A very good pace in the number of trains was maintained in November. 17 trains, which is 24.6% more trains than in November a year ago. October was the company’s record in the number of trains.

Here is Nurminen’s CFO’s overview of the company at the Investor 2025 event.                   Inderes              Nurminen Logistics sijoituskohteena | Sijoittaja 2025 - Inderes    Aika: 28.11.2025 klo 14.30 Nurminen Logisticsin talousjohtaja Niklas Nordström avaa yhtiön liiketoimintaa Sijoittaja 2025 -tapahtumassa.

October was a record month for North Rail in terms of train numbers, at least according to my own calculations.  In addition, a couple of days ago, an exceptional train ran from Kotka to Hamina, which had not run before. I did not add that particular train to this table.   As a third point, covered wagons like these have been seen on North Rail trains. This particular photo is from September. Could these be forest industry products destined for Kazakhstan? Yle had reported from Stubb’s trip to Kazakhstan that exports to Kazakhstan are in the form of cardboard and paper, which would explain those covered wagons.  According to Customs, direct exports to the east via Vainikkala are currently minor. Mainly cardboard and paper are exported by rail, transported in freight trains via Russia to, among other places, Kazakhstan.                    Yle Uutiset – 28 Oct 25              Stubb vie bisnesvaltuuskunnan Kazakstaniin, vaikka maa polkee ihmisoikeuksia...    Presidentti Alexander Stubb vie tiistaina 21 suomalaisyritystä Kazakstaniin. Maa polkee ihmisoikeuksia ja sillä on tiiviit Venäjä-suhteet, mutta bisnesmiehiä ei näytä haittaavan.

Here’s the CEO’s interview based on Q3:                   Inderes              Nurminen Logistics Q3'25: Ohjeistusta laskettiin - Inderes    Aika: 27.10.2025 klo 12.50 Nurminen Logistics antoi negatiivisen tulosvaroituksen Baltian liiketoiminnoista johtuvan volyymivaihtelun vuoksi. Tulosvaroituksesta huolimatta tulos pysyi vahvalla uralla. Nurminen Logisticsin toimitusjohtaja Olli...

OP analyst Joona Harjama shared his thoughts on Nurminen’s Q3.  In the video, analyst Joona Harjama thoroughly reviews Nurminen Logistics’ surprising profit warning from the beginning of the week and the Q3 results published at the end of the week. The Q3 report particularly highlighted the weakening of revenue and profitability, as well as challenges in the Baltic business. However, stable development and a slight strengthening of margins are expected for the rest of the year. In the long term, the company is seen to have good growth opportunities, provided that the economic situation and logistics demand recover.

Here is a new company report on Nurminen from Aapeli.  We reiterate our Add recommendation for Nurminen Logistics, but lower our target price to 1.1 euros (1.2 €). The company’s Q3 figures unsurprisingly fell quite clearly short of our expectations, reflecting the profit warning issued earlier in the week. The weaker-than-expected development was influenced by the Baltic operations and, in our assessment, the subdued development of international rail logistics. However, in relation to revenue development, the company’s margin level development was encouraging in our opinion. Reflecting the profit warning and the current market situation, our forecasts for the coming years decreased significantly, but with the share price decline, we see the stock’s valuation picture for the coming years as attractive.                   Inderes              Nurminen Logistics Q3'25: Raportti lievitti pahimpia pelkoja - Inderes    Yhtiön Q3-luvut jäivät yllätyksettömästi varsin selvästi odotuksistamme, heijastellen alkuviikosta annettua tulosvaroitusta.

North Rail’s locomotives are refueled at VR’s depot refueling points, so this probably won’t significantly affect their operations.

Nurminen Logistics

Strong growth in the past year, the profitability turnaround and strengthened financial situation have clearly lowered Nurminen Logistics’ risk profile. We believe the company has excellent conditions for continued earnings growth as the China and Asia cargo train accelerates, although the growth rate involves uncertainty due to the early development stage of the market. Despite the uncertainty, we find the risk/return ratio of the share attractive following our significant positive estimate revisions. 

<p>Strong growth in the past year, the profitability turnaround and strengthened financial situation have clearly lowered Nurminen Logistics’ risk profile. We believe the company has excellent conditions for continued earnings growth as the China and Asia cargo train accelerates, although the growth rate involves uncertainty due to the early development stage of the market. Despite the uncertainty, we find the risk/return ratio of the share attractive following our significant positive estimate revisions. </p> 

	2020	21e	22e
Revenue	80.7	134.4	145.7
growth-%	16.5 %	66.5 %	8.4 %
EBIT (adj.)	0.4	11.2	13.8
EBIT-% (adj.)	0.5 %	8.4 %	9.4 %
EPS (adj.)	-0.08	0.09	0.13
Dividend	0.00	0.02	0.03
Dividend %		2.2 %	3.2 %
P/E (adj.)	neg.	10.6	7.1
EV/EBITDA	11.6	9.7	6.7

Nurminen Logistics: Turnaround helps switch to growth track

Key Estimate Figures19.11.2021

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