Nurminen Logistics Plc Stock Exchange Release 7 August 2014 at 12:55 p.m.
Since 1 January 2014, Nurminen Logistics Plc has reported on three business units: Railway Logistics, Special Transports and Projects, and Forwarding and Value Added Services. In 2013, the company reported on four business units. At the end of 2013, the Transit Logistics business unit was merged into the Forwarding and Value Added Services unit.
In a stock exchange release published on 11 February 2014, Nurminen Logistics Plc announced that it will centralise its railway terminal operations to Luumäki, and in its interim report on 8 May 2014, the company announced the consolidation of the management of its railway terminals and other terminals. Consequently, business operations were regrouped so that the Luumäki railway terminal and the Finnish railway forwarding operations were transferred from the Railway Logistics business unit to the Forwarding and Value Added Services business unit.
The company’s internal reporting and the external reporting segment division will be changed so that they are in line with the new business unit structure. Business operations will be reported according to the new business unit structure as of the second quarter of the financial period 1 January 2014 - 31 December 2014. The interim report for the period 1 January - 30 June 2014 will be published on 7 August 2014. The official 2013 financial statements were prepared according to the previous business unit structure. The first interim report for 2014 has been prepared according to the business unit structure in force on 1 January 2014 so that the Transit Logistics business unit was merged into the Forwarding and Value Added Services unit.
The Railway Logistics unit is responsible for railway transport business.
The Special Transports and Projects unit encompasses the special road transport and project transport businesses.
The Forwarding and Value Added Services unit is in charge of forwarding and terminal services.
The following tables show the comparison figures according to the new reporting structure both for 2013 by quarter and for the first quarter of 2014. The comparison figures also include all non-recurring items.
| Net sales | 2013 | 2014 | ||||||
| 1–3 | 4–6 | 1–6 | 7–9 | 1–9 | 10–12 | 1–12 | 1–3 | |
| Forwarding and Value Added Services | 6,774 | 6,895 | 13,669 | 6,257 | 19,925 | 6,170 | 26,095 | 6,482 |
| Railway Logistics | 8,315 | 6,965 | 15,280 | 7,544 | 22,823 | 6,581 | 29,405 | 5,541 |
| Special Transports and Projects | 1,748 | 2,238 | 3,986 | 3,050 | 7,036 | 1,838 | 8,874 | 2,214 |
| Eliminations | -128 | -109 | -237 | -140 | -377 | -153 | -530 | -123 |
| Total | 16,709 | 15,989 | 32,698 | 16,710 | 49,408 | 14,436 | 63,844 | 14,114 |
| Operating result | 2013 | 2014 | ||||||
| 1–3 | 4–6 | 1–6 | 7–9 | 1–9 | 10–12 | 1–12 | 1–3 | |
| Forwarding and Value Added Services | -1,074 | -723 | -1,798 | -1,081 | -2,879 | -2,039 | -4,918 | -723 |
| Railway Logistics | 976 | 2,349 | 3,326 | 608 | 3,934 | 1,342 | 5,276 | 696 |
| Special Transports and Projects | -69 | -5 | -74 | 127 | 53 | -195 | -142 | 50 |
| Total | -168 | 1,621 | 1,454 | -346 | 1,108 | -892 | 216 | 24 |
| Operating result excluding non-recurring items | 2013 | 2014 | ||||||
| 1–3 | 4–6 | 1–6 | 7–9 | 1–9 | 10–12 | 1–12 | 1–3 | |
| Forwarding and Value Added Services | -968 | -723 | -1,692 | -992 | -2,684 | -1,480 | -4,164 | -634 |
| Railway Logistics | 1,059 | 2,349 | 3,408 | 695 | 4,103 | 1,705 | 5,808 | 781 |
| Special Transports and Projects | -57 | -5 | -62 | 140 | 78 | -142 | -64 | 50 |
| Total | 34 | 1,621 | 1,655 | -157 | 1,499 | 83 | 1,582 | 198 |
Nurminen Logistics Plc
Olli Pohjanvirta
President and CEO
For more information, please contact: Olli Pohjanvirta, President and CEO, tel. +358 10 545 2431.
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NASDAQ OMX Helsinki
Major media
www.nurminenlogistics.com
Nurminen Logistics is a listed company established in 1886 that offers logistics services. The company provides high-quality railway transport, project transport services, special transport and forwarding and cargo handling services to its customers. The main market areas of Nurminen Logistics are Finland, Russia and its neighbouring countries.