Nurminen Logistics lowers outlook due to Russian tariff increases

Nurminen Logistics Plc has issued a profit warning for 2026, estimating that the company's net sales will remain at or slightly below 2025 levels. The company's comparable earnings before interest, taxes, and amortization (EBITA) are expected to decline clearly from 2025, while still remaining at a good level.

The changes are due to Russia's decision to significantly increase railway tariffs for rail transports to Finland, effective from July 1, 2026. This decision is expected to weaken the business outlook for the Group's subsidiary, North Rail Oy, for the remainder of the year.

The company estimates the negative impact of Russia's decision on the Group's net sales for 2026 to be approximately EUR 4.0–5.0 million. This impact is also expected to weaken the company's profitability.

Such forecast revisions for companies are common in the transport and logistics sector, where geopolitical and regulatory changes can quickly affect the business environment.