Aspo has published its Annual Report 2024
Aspo has published its Annual Report 2024
Aspo Group's Annual Report 2024 has been published on the company's website aspo.com.
The Annual Report 2024 includes the Strategy and Business Review, the Board of Directors' Report, the Corporate Governance Statement and the Financial Statements 2024.
The Board of Directors' Report includes the Sustainability Statement, which is based on the EU Corporate Sustainability Reporting Directive (CSRD). The audit firm Deloitte Oy has assured the Sustainability Statement at a limited assurance level.
The Consolidated Financial Statements are published in accordance with European Single Electronic Format (ESEF) reporting requirements, and it is available separately in XHTML format where the primary statements and the notes to the financial statements have been labelled with XBRL tags.
Aspo has also published a separate Remuneration Report for 2024, which is available on the company's website.
Aspo's Annual Report in its entirety, as well as the ESEF report and the Remuneration Report are attached to this release.
Aspo Plc Rolf Jansson CEO
Further information: Rolf Jansson, CEO, Aspo Plc, tel. +358 400 600 264, rolf.jansson@aspo.com Distribution: Nasdaq Helsinki Key Media www.aspo.com Aspo creates value by owning and developing business operations sustainably and in the long term. Our companies aim to be market leaders in their sectors. They are responsible for their own operations, customer relationships and the development of these aiming to be forerunners in sustainability. Aspo supports its businesses profitability and growth with the right capabilities. Aspo Group has businesses in 17 different countries, and it employs approximately 800 professionals.
Attachments
Aspo-Remuneration-Report-2024
Aspo-Annual-Report-2024
aspooyj-2024-12-31-en
Aspo-Corporate-Governance-Statement-2024
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The figures presented in this half-year financial report have been individually rounded or calculated based on exact figures so the figures may not add to rounded totals and may differ from previously published Jansson, CEO of Aspo Group, comments on the second quarter of 2025:Profitability improvement is at the top of Aspo's agenda for the year 2025, taking benefit of the completed acquisitions and capex investments made during previous years. Currently, we do not build our plans on a significant positive impact from a recovery of the economy during the second half of the year 2025. Market uncertainty has increased, shortening customer planning horizons and slowing down industrial activity. With this in mind, we place even further emphasis on executing a wide range of actions to improve profitability across all Aspo's businesses. Despite the challenging market, Aspo continued to grow and improve its profitability during the second quarter of 2025. Aspo's net sales grew by 6.0% compared to the second quarter of 2024 and the comparable EBITA was EUR 9.2 million compared to EUR 7.4 million in the corresponding period in the previous year. I am proud of Aspo team for generating continued profit growth despite the current market circumstances. ESL Shipping's comparable EBITA was EUR 5.0 (6.1) million. ESL Shipping's profitability was negatively impacted by the continued very weak spot market and softer than expected forest industry demand. On the positive side, steel industry activity remained at a healthy level and the project cargo market offered new freight opportunities. ESL Shipping has six new electric hybrid Green Coaster vessels in operation, and the fleet renewal has already considerably improved energy efficiency and competitiveness. Telko's comparable EBITA of EUR 4.3 (1.8) million more than doubled primarily due to the contribution of acquisitions completed in 2024, as well as the absence of M&A costs. 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This transaction is estimated to generate a sales gain of approximately EUR 16 million which will strengthen the balance sheet of Aspo and support the compounder strategy of Telko. This is a major step in executing Aspo's vision and the transaction is a result of a very successful transformation of Leipurin during the past couple of years. Instrumental in this transformation were an increased focus on food ingredients, a complete shift from 'East to West', major organic and non-organic growth investments, and company-wide profit improvement efforts. The closing of the transaction is subject to regulatory approvals and it is expected to be completed in the first quarter of 2026. Our short-term focus lies on profitability improvement, benefitting from the Green Coaster investments made, the acquisitions completed during 2024, and the vast array of profitability improvement efforts ongoing across the Group. In the longer term, we continue to make progress in reaching the financial ambition of Aspo as well as our vision, creating two separate companies out of Aspo, namely Aspo Infra (ESL Shipping) and Aspo Compounder (Telko). The divestment of Leipurin is a major step in executing this vision along with Telko's already completed M&A activities and ESL Shipping's significant investments in best-in-class performance and targets Aspo's long-term financial targets are: Minimum increase in net sales: 5–10% a year Comparable EBITA of 8% Return on equity: more than 20% Net debt to comparable EBITDA, rolling 12 months ratio below 3.0 At a business level, ESL Shipping's long-term comparable EBITA target is 14%, Telko's 8% and Leipurin's 5%. In January–June 2025, Aspo's net sales grew by 9.7% to EUR 314.0 (286.2) million. The comparable EBITA rate stood at 5.7% (4.3%). Comparable return on equity was 14.3% (8.0%) and the net debt to comparable EBITDA, rolling 12 months ratio was 3.7 (2.0).Espoo, August 18, 2025Aspo PlcBoard of DirectorsNews conference for analysts, investors and media News conference for analysts, investors and media will be held at Sanomatalo, Flik Studio Eliel, Töölönlahdenkatu 2, Helsinki on August 18, 2025, at 12.00 p.m. The event is also open to private investors, and participants are requested to register beforehand by emailing viestinta@ The half-year financial report will be presented by CEO Rolf Jansson and CFO Erkka Repo. The event will be held in English, and it can also be followed as a live webcast at Questions can be asked through conference call connection and webcast form. In order to receive the phone numbers and a identifier for the conference call, participants are requested to register using this link: A recording of the event will be available later the same day on the company's website For more information, please contact:Rolf Jansson, CEO, Aspo Plc, tel. +358 400 600 264, Distribution:Nasdaq HelsinkiKey Attachment Aspo-Half-year-Financial-Report-Q2-2025Sign in to access your portfolio