contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


aspo-earnings-grow-multiples-yet-low-evli

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Aspo operates in the transport and logistics industry. The company is run as a conglomerate with the vision of being an active player in the acquisition and development of companies, mainly in the growth markets of Eastern Europe. The industries in which the company has interests include, for example, the grocery retail, industry, and the IT sector. The headquarters are located in Helsinki.

Here is a new company report on Aspo from Kasper after Q1  The takeaway from Aspo’s Q1 earnings day turned slightly negative. Consequently, we have lowered our earnings forecasts for the current year and are also revising our target price to EUR 7.2 per share (prev. EUR 7.6). In our view, the valuation still appears attractive, so we reiterate our Accumulate recommendation. The demand outlook, which has remained weak, keeps us from taking a stronger view, as there is a risk that ESL, as a separate company, will receive a lower valuation than our current estimate. The separation of businesses is intended to be implemented by the end of 2026, and based on current information, we consider the listing of ESL to be clearly the most likely outcome. Quoted from the report: Overall, we still consider Aspo’s share to be attractively priced at current levels, although in our forecasts, clearer earnings growth will only start in 2027 and is dependent on, among other things, general economic development and the materialization of growth in transport demand in the Bothnian Bay. The relatively high uncertainty regarding the magnitude and timing of ESL’s clearer profitability improvement also increases the risk that the company will receive a lower valuation than our estimate as a separate listed company. This prevents us from taking a stronger view on the stock.                   Inderes              Aspo Q1'26: Arvostus houkuttelee, vaikka suhdanne haastaa - Inderes    Aspon Q1-tulospäivän anti kääntyi lievästi negatiivisen puolelle.

Kasperi interviewed Aspo’s CEO Rolf Jansson regarding Q1.                    Inderes              Aspo Q1'26: ”Torjuntavoitto” - Inderes    Aika: 27.04.2026 klo 13.30 Aspon toimintaympäristö jatkui haastavana Q1:llä. ESL Shippingiä painoivat heikko kysyntä sekä nousseet polttoainekustannukset. Telko sen sijaan yllätti positiivisesti volyymikasvulla ja onnistuneella katteiden hallinnalla.                             Topics: 00:00 Introduction  00:08 Result on par with last year  00:41 Demand was weak at the beginning of the year  02:09 Telko’s strong performance continued  04:43 Impacts of the challenging operating environment on Aspo  05:47 Transition to two business units  07:22 Telko’s acquisition outlook  08:23 Reaching the guidance  Here are the robot’s comments on the results                    Inderes – 27 Apr 26              Robokommentti Aspon Q1-tuloksesta - Inderes    Aspon Q1-tulos jatkuvista toiminnoista jäi hieman odotuksiamme vaimeammaksi. Segmenttien välillä oli selvää hajontaa: ESL Shipping petti heikon kysynnän ja nousseiden polttoainekustannusten painamana, kun taas Telko yllätti positiivisesti...                             And here is the company’s release:  January–March 2026  Net sales from continuing operations were EUR 114.1 million (116.0) Comparable EBITA from continuing operations was EUR 7.1 million (7.3), or 6.3% of net sales (6.3). ESL Shipping’s comparable EBITA was EUR 3.3 million (4.1) and Telko’s EUR 4.7 million (4.4) EBITA, whole group, was EUR 19.7 million (7.7). ESL Shipping’s EBITA was EUR 3.3 million (3.0), Telko’s EUR 4.2 million (4.4) and discontinued operations EUR 13.1 million (1.5) Comparable return on equity, whole group, was 11.1% (10.6) Comparable earnings per share from continuing operations were EUR 0.10 (0.09) Free cash flow was EUR 50.0 million (-4.4) as a result of the sale of Leipurin On March 2, 2026, Aspo completed the sale of Leipurin to Lantmännen at an enterprise value of EUR 63 million.  Figures in brackets refer to the corresponding period in 2025. Guidance for 2026 Aspo Group’s comparable EBITA from continuing operations is expected to increase compared to the previous year (EUR 29.4 million in 2025). Aspo Group’s comparable EBITA from continuing operations does not include the Leipurin business, which is reported as a discontinued operation. The sale of Leipurin was completed on March 2, 2026.                    Inderes              Aspo Oyj:n osavuosikatsaus tammi–maaliskuu 2026: Vakaa suoritus haastavassa...    Aspo Oyj Osavuosikatsaus 27.4.2026 klo 9.00 Aspo Oyj:n osavuosikatsaus tammi–maaliskuu 2026: Vakaa suoritus haastavassa toimintaympäristössä Tämä on tiivistelmä Aspo Oyj:n osavuosikatsauksesta...

Here is Kassu’s preview as Aspo reports its Q1 results on Monday, April 27.  We expect a reasonable earnings level from the company, although business volumes have likely remained muted. The Group’s reported Q1 result is boosted by a substantial one-off cost from the sale of Leipurin.                   Inderes – 23 Apr 26              Aspo Q1'26 -ennakko: Epävarmuus on taas koholla - Inderes    Odotamme yhtiöltä kohtuullista tulostasoa, vaikka liiketoimintojen volyymit ovatkin todennäköisesti säilyneet vaimeina.

In the remuneration report, LTI (Long-Term Incentive) awards are 80% tied to the TSR (Total Shareholder Return) criterion, with an average share price of 8-12e in Q4/27, also considering other distributions and dividends. Taking into account previous insider purchases at prices of 6.5-7e in the last ~6 months, the management likely has a strong view on the true value of Aspon. My impression is that management’s goals are often achieved, but for example, in 2025, only 19% of the CEO’s bonus potential was realized.

Here is a fresh stock exchange release from Aspo:  Aspo Plc Inside Information March 17, 2026, at 8:00 a.m. Inside information: Aspo’s CFO Erkka Repo to move to a new position outside the company Aspo’s Chief Financial Officer and member of the Management Committee Erkka Repo is leaving Aspo to join another employer. Repo, who has served as Aspo’s CFO since 2024, will leave his position by September 2026 at the latest. “Erkka Repo has played a key role in Aspo’s successful transformation and the achievement of strategic goals over the past two years. We greatly appreciate Erkka’s contribution and wish him all the best in his new challenges,” says Rolf Jansson, CEO of Aspo. Aspo Plc Distribution:  Nasdaq Helsinki  Key media                    Inderes              Sisäpiiritieto: Aspon talous- ja rahoitusjohtaja Erkka Repo siirtyy uusiin...    Aspo Oyj Sisäpiiritieto 17.3.2026 klo 8.00 Sisäpiiritieto: Aspon talous- ja rahoitusjohtaja Erkka Repo siirtyy uusiin tehtäviin yhtiön ulkopuolelle Aspon talous- ja rahoitusjohtaja ja johtoryhm...

Kasper has written a new company report following the plunge in Aspo’s share price.  In our view, Aspo is well-positioned with an eye on industrial demand picking up in due course, in addition to which the upcoming structural reorganization offers an interesting special situation. The share price decline in recent days has improved the expected return on the stock, so we are upgrading our recommendation to Accumulate (prev. Reduce). Our forecasts, on the other hand, remain unchanged, so we reiterate our EUR 7.6 target price, which corresponds to our estimate of the company’s sum-of-the-parts value. In our view, the separation of businesses is the most important share price driver in the near future, while clearer earnings growth still awaits a more distinct recovery in volume development.                   Inderes              Aspo: Kurssilasku tarjoaa jälleen hyvän tuotto-odotuksen - Inderes    Aspon liiketoimintojen eriyttäminen on nähdäksemme osakkeen lähitulevaisuuden tärkein kurssiajuri selkeämmän tuloskasvun odotellessa vielä volyymikehityksen selkeämpää piristymistä.

OP TARGET PRICE €8.3, RECOMMENDATION ADD

Aspo

Aspo reports Q4 results on Feb 16. ESL should see more significant earnings gains from now on as outlook has at least stabilized, while Telko’s EBITA could gain by another EUR 2m.