Nurminen Logistics has issued a profit warning, signaling that its financial results will fall short of expectations due to a sudden deterioration in the operating environment for its Russian subsidiary.
The Finnish logistics company attributed the downgrade in outlook to a decision by Russian authorities to increase railway tariffs on fertilizer shipments.
The tariff hike, implemented overnight, directly impacts the cost structure and profitability of Nurminen's operations in the region, which handle significant volumes of agricultural commodities.
According to reports from Kauppalehti and Arvopaperi, the new tariff regime targets fertilizer transport, a critical segment for Russian agricultural exports.
For Nurminen, which relies on efficient rail logistics to move these goods, the increased costs threaten to erode margins and reduce throughput volumes in the short term.
The development underscores the ongoing operational risks for Western and Nordic companies maintaining a presence in Russia.