Aspo: New FY clean EBIT guidance is EUR 52-57m - Nordea

Aspo sold its Telko Segment’s Russian operations for EUR 9.5m. The company also upgraded FY 2022 one-off cost forecast by EUR 5.5m. New group level clean EBIT guidance for this year is EUR 52-57m (Nordea EUR 51m). The development of Aspo’s ESL Shipping Segment has been good in 2022. However, the Baltic Dry Index was down by 35% in Q3 q/q. Shipping market has lost a part of its strength but Aspo’s ESL Shipping Segment will still report ~30% better clean EBIT in 2022 y/y we forecast. The Baltic Dry index is now 9% lower than 2021-22 average, so it could be difficult for ESL Shipping to improve further in 2023. ESL Shipping represent 2/3 from group level clean EBIT we calculate.

Länk till analysen i sin helhet: https://research.nordea.com/api/reportfileapi?id=803422