The net sales of Aspo’s continuing operations decreased, Telko’s ebita increased, ESL Shipping’s decreased

Multi-sector group Asp announced its results for October-December and the financial statements for the entire year 2025 on Monday, February 16.

The company is in the middle of corporate restructuring.

According to the situation updated in November, Aspo is considering either a possible partial division or ESL Shippingin sales. The purpose is to ensure for ESL Shipping and On the phone the best opportunity for business development. The company did not say anything essentially new about this process.

The company has previously decided The baker from the sale of their business Lantmännenille. This deal should be completed in the first quarter of this year.

Net sales from continuing operations decreased

Aspo’s October-December net sales fell to 158 million euros from 159.8 million euros in the comparison period. Analysts expected turnover of 152.6 million euros. The company’s turnover from continuing operations fell to 119.3 million euros from 124.5 million euros.

Aspo’s entire group’s comparable ebita operating result rose to 8.9 million euros from 8.0 million euros in the comparison period. Analysts’ forecast was 9.7 million euros on average.

The result per share for October-December was 0.29 euros, while it was 0.15 euros a year earlier. Analysts anticipate a result of 0.17 euros.

The company’s comparable profit per share for the whole year was 0.51 euros, and the board proposes a dividend of 0.25 euros. For the year 2024, a dividend of 0.19 euros was paid and analysts expected a dividend of 0.26 euros.

The company’s management expects Aspo Group’s comparable EBIT from continuing operations to increase compared to the previous year. EBITA for 2025 was 29.4 million euros.

Aspo Group’s comparable ebita from continuing operations does not include the Leipurin business, which is reported as a discontinued operation. The sale of Leipuri was announced on August 15, 2025, and is expected to take place during the first quarter of 2026.

ESL Shipping’s ebita decreased, Telkon’s increased

Managing director Rolf Jansson states in the review that in the fourth quarter of October-December, the turnover of the entire group remained at the level of the comparison period due to challenging market conditions.

ESL Shipping’s comparable ebita decreased and was 3.8 million euros compared to 4.3 million euros a year earlier.

“ESL Shipping’s profitability, especially in the Coaster vessel segment, was weakened by the continued weak spot market and lower-than-expected demand from the forest industry. In this respect, the situation was unchanged compared to the previous quarter, but in order to improve profitability, additional measures have been implemented, for example to renew the fleet and improve capacity utilization,” says Jansson in the review.

Telko’s comparable ebita improved to 4.4 million euros from 3.9 million euros.

“This was due to a higher sales margin, while the share of special products increased. Volumes were decreasing, which was due to moderate demand, especially in Europe. The development of the supply chain and poorly performing business operations contributed to the improvement of the result,” says Jansson.

The comparable ebita of Leipur, which is reported as a discontinued operation, improved to 2.0 million euros from 1.1 million euros.

Strategic projects continue

“In November 2025, we announced that our main strategic options are either the sale of ESL Shipping or the partial division of Aspo. Our goal is to find the best solution for ESL Shipping and Telko in terms of value creation and business development.”

“In 2026, our focus is on implementing Aspo’s transformation. We recently told you that I will also take over the role of Telko’s CEO, and together with the team we will evaluate the integration of Telko’s and Aspo’s operations. We will continue to strengthen Telko and ESL Shipping as independent companies,” says Jansson.