Nurminen Logistics has issued a profit warning, citing a deterioration in the outlook for its subsidiary following Russia's decision to increase railway tariffs on fertilizer shipments.
The Finnish logistics company announced the guidance cut on Thursday, linking the negative development directly to the tariff hike implemented by Russian authorities the previous day.
The move raises transport costs for fertilizer exports, squeezing margins for logistics providers operating in the region.
This development adds to a growing list of corporate warnings driven by geopolitical friction and trade barriers.
In recent days, other firms have also signaled headwinds from the broader macro environment.
Topps Tiles recently issued a profit warning, attributing its shortfall to dual headwinds, while BMW lowered its full-year profit forecast, citing a squeeze from geopolitical instability in the Middle East and a downturn in China.