Helsinki: A busy week in the earnings season
The Helsinki Stock Exchange (OMXH25) remained stable this week, rising by 0.32%, while the earnings season was in full swing. The reports provided a mixed picture: some companies posted record profits, while others struggled with rising costs and cooling demand, particularly in the industrial sector.
NESTENeste (NESTE)
Reported a record 5000% growth in operating profit, driven by a tripled sales margin for renewable products and a doubled refining margin for oil products. Despite the strong performance, the stock fell by 9.0% over the week, as the profit fell short of analysts' high expectations.
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