Why invest in Aspo

Aspo creates value by owning and developing businesses sustainably and in the long term. Aspo’s businesses – ESL Shipping, Telko and Leipurin – enable future-proof, sustainable choices for customers in various industries.

Transformation

Our portfolio vision is to form two separate companies by 2029. Aspo’s current businesses differ from one another in several areas, including investment requirements, growth opportunities, business timeframes, needs for funding and sustainability goals.

Shareholder value will be maximized when considering implementation approach and timing of the transformation.

Options include:

• a demerger,
• an initial public offering and
• partial or full business divestments.

Timing depends on such factors as growth investments, business performance and the market situation. During the change process, Aspo’s operations will focus on implementing business strategies and improving profitability.

Read more about our strategy>>

Growth

Aspo’s financial ambition is to double its business by end of the strategy period 2024-2028 and to reach:

• EUR 1 bn of net sales and
• 8% of EBITA by 2028

Aspo’s strategy execution shows clear progress, with many of the actions to enable growth already initiated, including several strategic acquisitions and investments in a modern fleet. However. the profitability impact is by large still to come.

Read more about our financial targets and guidance >>

Clear business strategies

Aspo’s business strategies are customized according to businesses’ individual needs and markets.

ESL Shipping

Enabling the green transition for Nordic industry

• This can be achieved by investing in an environmentally friendly and fossil-free fleet, as well as new technologies.
• The company’s business-specific target is to achieve net sales of more than EUR 300 million and an EBITA rate of 14% by 2028.

Telko

Organic growth supported by business acquisitions and scalability

• The goal is to be the leading European specialist and distributor of special products.
• The company’s business-specific target is to achieve net sales of more than EUR 500 million and an operating profit (EBITA) rate of 8% by 2028.

LeipuriN

Organic growth and improved profitability

• Leipurin’s growth focuses on prioritized segments, including the food industry, industrial bakeries and new markets.
• The company’s business-specific target is to achieve net sales of more than EUR 200 million and an EBITA rate of 5% by 2028.

Read more about our businesses >>

Dividend policy

Our dividend policy has been adapted according to the company’s strategy and growth targets, the ongoing change, and the special characteristics of our businesses. 

Aspo’s dividend growth is based on positive profitability development with the aim to pay out annually up to 50% of net profit as dividend.

The goal is to gradually increase the amount of dividends, while considering financing needs of growth initiatives with strategic priority.

Sustainability

Aspo’s businesses aim to be leaders in sustainability in their field. Our companies support the green transition of our customers with market leading expertise:

• ESL Shipping - Building infrastructures to enable the green transition for Nordic industries
• Telko - Gradually modifying the product range and developing the supply chain to support our customers sustainability journey
• Leipurin: A broad range of plant-based products through a sustainable supply chain

Aspo committed to the Science Based Targets initiative in 2024. Our science-based emission reduction targets will be validated by SBTi in 2025.

Read more in our Sustainability Report 2024 >>