NLG1VNasdaq HelsinkiRailroadsIFRS · EUR

Nurminen Logistics Oyj

Nurminen Logistics is a Finnish publicly listed company founded in 1886. It specializes in providing high-quality railway transportation, terminal services, and multimodal solutions between Asia and Europe, as well as within the Nordic and Baltic regions. The company is known for its efficient and sustainable logistics services, leveraging its extensive network and expertise in international rail logistics. Nurminen Logistics is committed to expanding its market presence and enhancing operational efficiency through strategic investments and partnerships.

Revenue109m EUR
+4.4 %y/y
Operating profit (EBIT)14.6m EUR
−24.4 %y/y
EBIT margin13.3%
−5.1 ppy/y
Net income6.5m EUR
−50.1 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

050100150m EUR2021: 141 m EUR2021: EBIT 9.6 m EUR20212022: 123 m EUR2022: EBIT 3.4 m EUR20222023: 128 m EUR2023: EBIT 33 m EUR20232024: 105 m EUR2024: EBIT 19 m EUR20242025: 109 m EUR2025: EBIT 15 m EUR2025TTM 2026: 103 m EURTTM103
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Railway Transportation50 %

Includes international and domestic rail freight services

Terminal Services20 %

Comprises handling and storage at logistics terminals

Multimodal Solutions15 %

Combines different modes of transport for efficient logistics

Freight Forwarding10 %

Involves organizing shipments for individuals or corporations

Customs and Warehousing5 %

Includes customs clearance and warehousing services

Customers

Nurminen Logistics serves a diverse range of customers, including large industrial companies, retailers, and manufacturers. These clients rely on Nurminen for its expertise in efficient and sustainable logistics solutions, particularly in rail transportation. The company's services are crucial for businesses looking to optimize their supply chains and reduce environmental impact. Nurminen's customer base is primarily located in Europe and Asia, with a strong emphasis on clients requiring cross-border logistics solutions.

Industrial Companies

Utilize rail logistics for bulk transportation

Retail Chains

Require efficient supply chain solutions

Manufacturers

Focus on sustainable and cost-effective logistics

Cross-border Logistics Clients

Need reliable international transport solutions

Strategy

Nurminen Logistics is focused on expanding its international rail logistics network and enhancing operational efficiency. The company aims to capitalize on the growing demand for sustainable logistics solutions by investing in infrastructure and technology. Strategic priorities include expanding market presence in Europe and Asia, optimizing supply chain solutions, and leveraging partnerships to enhance service offerings. Nurminen is also committed to improving cost efficiency and maintaining high service quality to strengthen its competitive position.

Expand Rail NetworkMedium term

To increase market presence in Europe and Asia

Sustainable LogisticsLong term

Growing demand for eco-friendly solutions

Operational EfficiencyShort term

To maintain competitive pricing and service quality

Geography

Q2/2025

Nurminen Logistics operates primarily in Finland, Sweden, and the Baltic countries, with a significant portion of its revenue generated from these regions. The company has expanded its network to include strategic routes between Asia and Europe, enhancing its international presence. Key markets include the Nordic countries and the Baltics, where Nurminen leverages its expertise in rail logistics. The company's headquarters is located in Helsinki, Finland, and it maintains a strong operational presence in these regions to support its logistics services.

Finland54 %
Baltic States31 %
Sweden15 %

Share of the revenue the company reports by geography.

Risks

Nurminen Logistics faces several risks, including economic downturns in Europe, geopolitical tensions affecting international trade, and regulatory changes impacting rail logistics. The company's reliance on rail infrastructure means that disruptions or inefficiencies in rail networks can adversely affect operations. Additionally, fluctuations in demand for logistics services due to global economic conditions pose a risk to revenue stability. The company must also manage financial risks related to currency fluctuations and interest rates.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic Downturn in Europe1Rail Infrastructure Disruptions2Geopolitical Tensions3Regulatory Changes4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Economic Downturn in EuropeImpact: HighLikelihood: High

    Could reduce demand for logistics services

  2. Rail Infrastructure DisruptionsImpact: HighLikelihood: Medium

    Affect operational efficiency

  3. Geopolitical TensionsImpact: MediumLikelihood: High

    May disrupt international trade routes

  4. Regulatory ChangesImpact: MediumLikelihood: Low

    Impact on rail logistics operations

Accounting

Judgemental items
Revenue Recognition

Affects timing and comparability of financial results

Impact: high

Lease Accounting

Significant due to leased rail assets

Impact: medium

Goodwill Valuation

Critical for acquisitions like Essinge Rail AB

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Nurminen Logistics Oyj (NLG1V) Revenue, Earnings & Financials 2025 – Clarifo