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Nurminen updates outlook

May 6 - Finland's Nurminen Logistics expects its net sales, operating result and earnings per share to decline from the level of 2014, having previously said in March that it expected them to improve compared to 2014.

In an official statement, the company said that if its plan to sell its railway wagons is realised, it will have a strong positive effect on
operating result.

It added that forecasting operating results is made difficult by negative developments in the value of the Rouble, as the company is very active in the Russian marketplace.

Nurminen said its long-term goal is to grow at a faster rate than the market, on average by over 15 percent per year.Going forward, it expects that over 50 percent of net sales will come from the growth markets of Russia and its neighbouring countries.

www.nurminenlogistics.com

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