The Fastest on the Baltic Market: Whose Business is on the Rise?
Spring financial results have brought a breath of fresh air to the Baltic stock exchange. In this overview, based on the first quarter of 2026, we look at three companies whose business growth has shown the most impressive acceleration. Although Infortar showed the largest profit growth on paper, we are leaving them out of the top three this time. Their extraordinary result was mainly due to a one-off change in the value of financial instruments, not the expansion of core operations. We focus on those whose engine is real and sustainable business activity.
NCN1TNordecon (NCN1T)
Nordecon made a powerful comeback at the beginning of the year, growing its first-quarter sales revenue by 32.1% to 52 million euros. Even more impressive is the nearly fivefold, or 485.9%, increase in operating profit to 1.1 million euros, leaving competitors far behind. Although the market reacted coolly to the cancellation of dividends due to last year's loss, the company's current numbers have made a strong turnaround.
Behind this extraordinary growth is successful activity in both building and infrastructure construction, where revenues grew by 22% and a whopping 168%, respectively. Investors are also reassured by the fact that Nordecon's contract portfolio has expanded by a third over the year, reaching 372 million euros. This shows that the company has managed to find new large projects in a difficult market situation, which will feed growth in the near future as well.
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The information provided is not investment advice. RYTM analyses are generated with AI assistance and are intended for informational purposes only. Always do your own research before making investment decisions.