rewrite this title and make it good for SEOAspo reports Q1 sales decline amid shipping weakness By Investing.com

Investing.com — Finnish firm on Monday reported a 1.7% year-over-year decline in first-quarter net sales from continuing operations to EUR 114.1 million, as weakness in its shipping division offset growth elsewhere in the business.

The company’s comparable EBITA from continuing operations edged lower in the quarter, primarily due to reduced profitability at ESL Shipping. The shipping unit faced weak demand early in the period and higher fuel costs related to the war in Iran.

Aspo reported first-quarter earnings per share of EUR 0.50 and net income of EUR 16.1 million. Free cash flow reached EUR 50 million, while return on equity stood at 37%.

The Telko division delivered significant volume growth and improved profitability through margin management and some price recovery, despite modest demand and lower average market prices in its markets.

Aspo completed the divestment of its Leipurin business during the quarter, which boosted free cash flow and strengthened the company’s balance sheet.

For 2026, Aspo expects comparable EBITA from continuing operations to increase from EUR 29.4 million in 2025. The company anticipates a slow economic recovery in its core markets but noted ongoing geopolitical and trade risks.

ESL Shipping demand and spot pricing are expected to improve in 2026, though the second quarter will be impacted by high docking activity.

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