Aspo's financial goals, derived from its strategy, are based on calculations made from the company's profit-making capabilities, and they are closely interconnected. 

Aspo creates value by owning and developing businesses in the long term. The improved operating profit margin target is supported by Aspo's business development measures and changes in the business portfolio. In addition to organic growth, the aimed growth is driven by investments in acquisitions and a strategic shift towards a compounder profile. Mergers and acquisitions are a key part of value creation, and the aim is to create growth and income flow through these.


  • Operating profit of 8% 
  • Net sales growth 5–10% per year 
  • Return on equity of over 20% 
  • Gearing less than 130%

Specificed financial GUIDANCE FOR 2023, issued on NOvember 1, 2023:

Aspo Group’s comparable operating profit will be EUR 25–30 million in 2023 (2022: EUR 55.3 million).

Previous guidance for 2023 (issued on May 12, 2023): Aspo Group’s comparable operating profit will be EUR 25-35 million in 2023 (2022: EUR 55.3 million).

Comparable operating profit is calculated by adjusting the operating profit by adding or subtracting capital gains and losses, goodwill impairment losses and other items affecting comparability.

Updated: 30.11.2023

Operating profit, %

Return on Equity; % (ROE)

Gearing, %