Feb 17, 2025 / 10:00AM GMT
Rolf Jansson - Aspo Oyj - Chief Executive Officer, Member of the Group Executive Committee
Welcome to Aspo's financial report in 2024 and Q4 2024. If you look at our last quarter last year, we had strong growth, 20%, and we improved our profitability, EUR8 million of EBITA compared to previous year 7.2%, the market though was, softer than expected particularly for ESL Shipping but also for Telco.
Strategy execution continued during the fourth quarter, we made a commitment to the science-based targets initiative. We made an investment decision, in four Green Handy vessels. And Leipurin, made an acquisition in Lithuania, Kartagena. We also completed -- fully completed, Russian exit during the fourth quarter.
If you first look at 2024, the whole year, we experienced quite difficult market conditions. ESL started, the first four months of the year, faced with political strikes and quite harsh ice conditions. And if we look at the year overall fairly soft demand, particularly in the sport market and the macroeconomic recovery which was forecasted during the beginning of the year was postponed
Q4 2024 Aspo Oyj Earnings Call Transcript
Feb 14, 2025
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