Aspo Plc Reports Stable Performance in Challenging Operating Environment, Q1 2026

Aspo Plc reported on April 27, 2026, its financial results for the first quarter of 2026. Net sales from continuing operations stood at EUR 114.1 million, a slight decrease from EUR 116.0 million in the same period last year. Comparable EBITA from continuing operations was EUR 7.1 million, compared to EUR 7.3 million in Q1 2025. The company projects an increase in full-year comparable EBITA compared to 2025.

CEO Rolf Jansson noted strong development in the Telko business segment, while ESL Shipping's performance was impacted by the challenging market and operating environment. Aspo's priorities for 2026 include improving profitability through Telko-wide synergies, leveraging investments in ESL Shipping's new vessels, and implementing efficiency measures.

The Group's total EBITA for the quarter amounted to EUR 19.7 million, a significant increase from EUR 7.7 million in the prior year. This was largely due to the divestment of the Leipurin business on March 2, 2026, which was classified as discontinued operations. The sale of Leipurin to Lantmännen strengthens the company's balance sheet.

Aspo continues its strategic transformation, aiming to separate ESL Shipping and Telko into two distinct companies through either a partial demerger or the divestment of ESL Shipping. Acquisitions within the Telko segment are also planned for 2026.