Nordics: earnings summary 17. May
The OMX Helsinki 25 index fell by 0,19% over the last 10 days, reflecting market stagnation. However, the earnings season in the Nordics shows mixed trends: some companies are demonstrating strong growth due to specific trends, while others are struggling with rising costs and cooling demand.
TOKMANTokmanni Group (TOKMAN)
Tokmanni's first-quarter revenue grew by 6,4%, but operating profit fell into a 4,0% deficit. The decline was caused by higher personnel and real estate costs related to the expansion of the store network, which ate away the sales growth. Following the results, the stock fell sharply and ended the week down 15,6%.
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