ASPO Plc STOCK EXCHANGE RELEASE December 8, 2011 at 8:00 a.m.
The positive profit development reported previously by the Aspo Group has continued. The growth of net sales has continued at a good level, particularly in the growing market, and costs have remained at the planned level. Based on the current trends, Aspo Plc's Board of Directors has decided to specify the full-year outlook issued in the interim report for January-September published on October 26, 2011. The justifications for the outlook continue to be the same as in the interim report published on October 26, 2011. Any amendment to the tonnage tax legislation has not been taken into account in the outlook estimate.
New 2011 outlook published on December 8, 2011: Aspo will increase its net sales and operating profit by approximately 20%.
Outlook published in the interim report on October 26, 2011: Aspo's net sales will increase by 10-20% and operating profit will improve.
Aspo will publish its 2011 financial statements on Tuesday, February 14, 2012.
For more information:
Aki Ojanen, CEO of Aspo Plc, tel. +358 9 5211, +358 400 106 592
NASDAQ OMX Helsinki
Aspo is a conglomerate that owns and develops business operations in Northern Europe and growth markets focusing on demanding B-to-B customers. Our strong company brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - aim to be the market leaders in their sectors. They are responsible for their own operations, customer relationships and the development of these. Together they generate Aspo's goodwill. Aspo's Group structure and business operations are continually developed without any predefined schedules.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Aspo Oyj via Thomson Reuters ONE