Aspo

Q2 net sales and clean EBITA were above our expectations. Favourable pricing supported the Telko segment, but the market environment has remained somewhat soft in the ESL Shipping segment. Aspo maintained its outlook, guiding for a y/y EBITA improvement...

Peaking plastics and chemical prices supported the Telko segment in Q2. The full-year outlook remains unchanged, and Aspo guides for an improvement in comparable EBITA in 2026 y/y. A potential divestment price for the ESL Shipping segment may have been...

Market sentiment in the dry bulk shipping sector improved somewhat in Q2. In addition, higher fuel prices are not a major headwind for ESL Shipping, as Aspo is able to pass on fuel costs to its customers. However, fuel costs should increase once utilisation...

Aspo Q1 figures were relatively close to estimates. ESL could still drive more significant earnings gains this year, while Telko and lower group costs should ensure at least some gain.

Q1 net sales and clean EBITA were relatively close to our expectations, but the start of the year was not easy for Aspo. Geopolitical uncertainties negatively affected the overall economic environment. Hence, we lower our 2026 forecasts slightly for ...

Net sales from continuing operations was in line with our expectation in Q1. Adjusted EBITA from continuing operations came slightly above our forecast in Q1. ESL Shipping segment reported clean EBITA of EUR 3.3m compared to our forecast of EUR 3.6m ...

Aspo’s Q1 figures landed quite close to estimates as ESL’s EBITA remained rather weak while Telko saw stronger development. Higher fuel prices should not have significant long-term impacts on either ESL or Telko, however the high levels might help the...