06:47:54 Europe / Stockholm

Share price & Turnover

Share price change and turnover during the day of this press release

Calendar

2024-10-29 Quarterly Report 2024-Q3
2024-08-14 Quarterly Report 2024-Q2
2024-05-07 Quarterly Report 2024-Q1
2024-04-15 Ex-date Ordinary Dividend ASPO 0.24 EUR
2024-04-12 Annual General meeting
2024-02-16 Year-end Report 2023
2023-11-02 Ex-date Semi-Annual Dividend ASPO 0.23
2023-11-01 Quarterly Report 2023-Q3
2023-08-10 Quarterly Report 2023-Q2
2023-05-03 Quarterly Report 2023-Q1
2023-04-05 Ex-date Semi-Annual Dividend ASPO 0.23
2023-04-04 Annual General meeting
2023-02-15 Year-end Report 2022
2022-11-03 Ex-date Semi-Annual Dividend ASPO 0.22
2022-11-02 Quarterly Report 2022-Q3
2022-08-10 Quarterly Report 2022-Q2
2022-05-04 Quarterly Report 2022-Q1
2022-04-07 Ex-date Semi-Annual Dividend ASPO 0.23
2022-04-06 Annual General meeting
2022-02-16 Year-end Report 2021
2021-10-28 Ex-date Semi-Annual Dividend ASPO 0.17
2021-10-27 Quarterly Report 2021-Q3
2021-08-11 Quarterly Report 2021-Q2
2021-05-05 Quarterly Report 2021-Q1
2021-04-09 Ex-date Semi-Annual Dividend ASPO 0.18
2021-04-08 Annual General meeting
2021-02-11 Year-end Report 2020
2020-10-29 Quarterly Report 2020-Q3
2020-10-02 Ex-date Semi-Annual Dividend ASPO 0.11
2020-08-12 Quarterly Report 2020-Q2
2020-05-05 Quarterly Report 2020-Q1
2020-05-05 Ex-date Semi-Annual Dividend ASPO 0.11
2020-05-04 Annual General meeting
2020-02-13 Year-end Report 2019
2019-10-30 Ex-date Semi-Annual Dividend ASPO 0.22
2019-10-29 Quarterly Report 2019-Q3
2019-05-08 Quarterly Report 2019-Q1
2019-04-10 Ex-date Semi-Annual Dividend ASPO 0.22
2019-04-09 Annual General meeting
2019-02-14 Year-end Report 2018
2018-10-26 Ex-date Semi-Annual Dividend ASPO 0.22
2018-10-25 Quarterly Report 2018-Q3
2018-08-14 Quarterly Report 2018-Q2
2018-05-03 Quarterly Report 2018-Q1
2018-04-11 Ex-date Semi-Annual Dividend ASPO 0.21
2018-04-10 Annual General meeting
2018-02-15 Year-end Report 2017
2017-10-27 Ex-date Semi-Annual Dividend ASPO 0.21
2017-10-26 Quarterly Report 2017-Q3
2017-08-15 Quarterly Report 2017-Q2
2017-05-09 Quarterly Report 2017-Q1
2017-04-06 Ex-date Semi-Annual Dividend ASPO 0.21
2017-04-05 Annual General meeting
2017-02-15 Year-end Report 2016
2016-10-27 Quarterly Report 2016-Q3
2016-08-17 Quarterly Report 2016-Q2
2016-04-28 Quarterly Report 2016-Q1
2016-04-08 Ex-date Ordinary Dividend ASPO 0.41 EUR
2016-04-07 Annual General meeting
2016-02-11 Year-end Report 2015
2015-11-26 Capital Market Day 2015
2015-10-28 Quarterly Report 2015-Q3
2015-08-13 Quarterly Report 2015-Q2
2015-05-06 Quarterly Report 2015-Q1
2015-04-10 Ex-date Ordinary Dividend ASPO 0.40 EUR
2015-04-09 Annual General meeting
2015-02-12 Year-end Report 2014
2014-12-11 Extra General Meeting 2014
2014-10-28 Quarterly Report 2014-Q3
2014-08-18 Quarterly Report 2014-Q2
2014-05-05 Quarterly Report 2014-Q1
2014-04-04 Ex-date Ordinary Dividend ASPO 0.21 EUR
2014-04-03 Annual General meeting
2014-02-13 Year-end Report 2013
2013-11-27 Capital Market Day 2013
2013-10-24 Quarterly Report 2013-Q3
2013-08-20 Quarterly Report 2013-Q2
2013-04-29 Quarterly Report 2013-Q1
2013-04-11 Ex-date Ordinary Dividend ASPO 0.42 EUR
2013-04-10 Annual General meeting
2013-02-14 Year-end Report 2012
2012-10-25 Quarterly Report 2012-Q3
2012-08-21 Quarterly Report 2012-Q2
2012-04-27 Quarterly Report 2012-Q1
2012-04-04 Ex-date Ordinary Dividend ASPO 0.42 EUR
2012-04-03 Annual General meeting
2012-02-14 Year-end Report 2011
2011-12-08 Capital Market Day 2011
2011-10-26 Quarterly Report 2011-Q3
2011-08-18 Quarterly Report 2011-Q2
2011-05-11 Quarterly Report 2011-Q1
2011-04-06 Ex-date Ordinary Dividend ASPO 0.42 EUR
2011-04-05 Annual General meeting
2010-04-08 Ex-date Ordinary Dividend ASPO 0.42 EUR
2009-04-01 Ex-date Ordinary Dividend ASPO 0.42 EUR
2008-04-11 Ex-date Ordinary Dividend ASPO 0.42 EUR
2007-03-30 Ex-date Ordinary Dividend ASPO 0.41 EUR
2006-04-05 Ex-date Ordinary Dividend ASPO 0.40 EUR
2005-04-07 Split ASPO 1:3
2005-04-01 Ex-date Ordinary Dividend ASPO 1.19 EUR
2004-04-02 Ex-date Bonus Dividend ASPO 0.9
2004-04-02 Ex-date Ordinary Dividend ASPO 0.50 EUR
2003-04-11 Ex-date Bonus Dividend ASPO 0.56
2003-04-11 Ex-date Ordinary Dividend ASPO 0.42 EUR
2002-04-26 Ex-date Ordinary Dividend ASPO 0.36 EUR
2002-04-26 Ex-date Bonus Dividend ASPO 0.2
2001-04-27 Ex-date Bonus Dividend ASPO 0.25
2001-04-27 Ex-date Ordinary Dividend ASPO 0.30 EUR
2000-04-14 Ex-date Ordinary Dividend ASPO 0.50 EUR
2000-04-14 Ex-date Bonus Dividend ASPO 1.5

Description

CountryFinland
ListMid Cap Helsinki
SectorMaterials
IndustryPlastics, chemicals and fats
Aspo är verksamt inom transport- och logistikbranschen. Bolaget drivs som ett konglomerat med visionen att vara en aktiv aktör inom förvärv och utveckling av företag, huvudsakligen inom tillväxtmarknaderna i östra Europa. Branscherna där bolaget innehar intressen i inkluderar exempelvis dagligvaruhandeln, industri, samt IT-sektorn. Huvudkontoret ligger i Helsingfors.
2024-05-14 07:05:00

Aspo Plc
Stock Exchange Release
Other information disclosed according to the rules of the Exchange
May 14, 2024, at 8:05 a.m.

Aspo's financial targets and dividend policy updated, and profitability metric of the guidance changed

Aspo holds a Capital Markets Day today, May 14, 2024, starting at 9.30 a.m. [(EEST)] in Helsinki. Aspo Group’s new portfolio vision, disclosed earlier today, along with the adjusted long-term financial targets, ESG commitment, business strategies, dividend policy as well as current state of Aspo's business operations and prospects will be presented at the event.

Revised financial targets

Aspo’s long-term financial targets remain fundamentally unchanged, but they have been slightly adjusted to consider the compounder strategy and management of growth financing. Key changes include change from operating profit (EBIT) to operating profit excluding amortization of intangible assets (EBITA) to mitigate the impact of amortization in M&A transactions, which will gradually build-up due to the compounder strategy, as well as replacing the gearing target with a target for Net debt / comparable EBITDA of below 3.0, to manage the growth financing in relation to development of financial performance.

Aspo’s adjusted long-term financial targets are:

  • EBITA of 8% (New: operating profit excluding amortization of intangible assets (EBITA), previously operating profit (EBIT))
    • Telko 8%
    • Leipurin 5%
    • ESL 14%
  • Net sales growth 5–10% per year (New: defined as the minimum annual growth level to be achieved)
  • Return on equity over 20%
  • New: Net debt / comparable EBITDA below 3.0 (previously: Gearing less than 130%)

Updated dividend policy

To support the growth strategy execution, Aspo’s dividend policy has been updated to reflect company strategy and growth ambition, the ongoing transition and specific business characteristics. Aspo's revised dividend policy:

  • Aspo’s dividend growth is based on positive profitability development with the aim to pay-out annually up to 50% of net profit as dividend. The goal is to gradually increase the amount of dividends, while considering financing needs of growth initiatives with strategic priority.

Profitability metric of the guidance changed from EBIT to EBITA, assumptions behind the guidance for year 2024 remain unchanged

Assumptions behind the guidance for year 2024 remain unchanged. The guidance for year 2024 has been changed to the new profitability metric operating profit excluding amortization of intangible assets (EBITA) (previously operating profit (EBIT)). New guidance for 2024 is:

Aspo Group’s comparable EBITA is expected to exceed EUR 32 million in 2024 (2023: EUR 27.9 million)

For reference, Aspo Group’s previous guidance for 2024 with the old profitability metric operating profit was:
Aspo Group’s comparable operating profit is expected to exceed EUR 30 million in 2024 (2023: EUR 26.5 million). 

Capital Markets Day webcast and presentation materials

The webcast can be followed live on Aspo's website (www.aspo.com) from 9.30 a.m. today. Webcast recording and presentation materials (in English) will be available on the website after the event.

"We are delighted to continue to execute clear and successful business strategies for all three segments. ESL Shipping is focused on sustainability-driven growth, combined with commercial and operational excellence. Telko’s strategy is focused on organic growth supported by M&A and scalability. Leipurin continues its path to full profit potential through prioritised growth initiatives and development of commercial, supply chain and sourcing capabilities. We are also keen for sustainability to continue to shape our business strategies. Aspo Group’s ambition is that Aspo and its businesses will commit to Science Based Targets by the end of 2024. Each of Aspo's businesses aim to be a sustainability forerunner in its industry", says Rolf Jansson, CEO of Aspo Group.

ASPO Plc
Rolf Jansson
CEO

Further information:
Rolf Jansson, CEO, tel. +358 400 600 264, rolf.jansson@aspo.com
Erkka Repo, CFO, tel. +358 405 827 971, erkka.repo@aspo.com