Kasperi interviewed Aspo’s CEO Rolf Jansson regarding Q1. 
Topics:
00:00 Introduction
00:08 Result on par with last year
00:41 Demand was weak at the beginning of the year
02:09 Telko’s strong performance continued
04:43 Impacts of the challenging operating environment on Aspo
05:47 Transition to two business units
07:22 Telko’s acquisition outlook
08:23 Reaching the guidance
Here are the robot’s comments on the results
And here is the company’s release:
January–March 2026
- Net sales from continuing operations were EUR 114.1 million (116.0)
- Comparable EBITA from continuing operations was EUR 7.1 million (7.3), or 6.3% of net sales (6.3). ESL Shipping’s comparable EBITA was EUR 3.3 million (4.1) and Telko’s EUR 4.7 million (4.4)
- EBITA, whole group, was EUR 19.7 million (7.7). ESL Shipping’s EBITA was EUR 3.3 million (3.0), Telko’s EUR 4.2 million (4.4) and discontinued operations EUR 13.1 million (1.5)
- Comparable return on equity, whole group, was 11.1% (10.6)
- Comparable earnings per share from continuing operations were EUR 0.10 (0.09)
- Free cash flow was EUR 50.0 million (-4.4) as a result of the sale of Leipurin
- On March 2, 2026, Aspo completed the sale of Leipurin to Lantmännen at an enterprise value of EUR 63 million.
Figures in brackets refer to the corresponding period in 2025.
Guidance for 2026
Aspo Group’s comparable EBITA from continuing operations is expected to increase compared to the previous year (EUR 29.4 million in 2025).
Aspo Group’s comparable EBITA from continuing operations does not include the Leipurin business, which is reported as a discontinued operation. The sale of Leipurin was completed on March 2, 2026.