Q2 2025 Aspo Oyj Earnings Call Transcript
Key Points
- Aspo PLC (FRA:ZYD) reported a 10% growth in the first half of 2025, with EBITA increasing to EUR18 million from EUR12.4 million last year.
- Telko more than doubled its EBITA to EUR8.7 million compared to EUR4.2 million, driven by acquisitions and improved margins.
- Leipurin achieved record high profitability with EUR3.1 million against EUR2.5 million, driven by organic growth and acquisitions.
- The company made significant progress in sustainability, reducing emissions to 0.23 kilograms per euro of sales, surpassing their target of 0.3.
- Telko received a gold medal from EcoVadis, ranking among the top 2% of companies in its industry, while ESL achieved a platinum level ranking.
- ESL Shipping's sales decreased by 13% in Q2 due to weak spot market pricing and low contractual volumes in the forest industry.
- The company faced a high number of dockings, approximately 130 days compared to 30 days last year, negatively impacting profitability.
- There is ongoing geopolitical uncertainty and trade tensions, which could significantly impact Aspo's economic performance.
- The safety frequency target of 6 has not been met, indicating room for improvement in safety measures.
- The company incurred EUR300,000 in one-time costs related to a fraud case, adding up to EUR1.4 million for the first half of the year.
Welcome to the Q2 2025 financial reporting of Aspo. This time, you have an opportunity to place questions. There's a question formula on the screen. So if you have any questions, please type them there, and we will try to address these at the end of this session. Q2 and first half of 2025, we report that under the header continued profit improvement in a challenging market.
We have an agenda at Aspo this year focusing on improving profitability year 2025. Then we also have the long-term financial target set for each of the businesses. And then we communicate the vision to form two separate companies out of Aspo, namely Aspo Infra and Aspo Compounder. Year-to-date 2025, I think we made good progress against this agenda, clear performance improvement during Q2 and H1 2025. And last week on Friday, we announced the sales of Leipurin to Lantmännen, which then means progress regarding our vision to change the structure of Aspo.
If I start with the first half of 2025 just captured the key figures 10%
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