Helsinki: Mixed signals from the earnings season
Last week, the Helsinki stock exchange index (OMXH25) rose by 0.72%, while the earnings season offered mixed signals. Some companies showed a strong profit turnaround, but others continued to struggle with challenges. The reports highlighted the importance of forecasts and external factors in addition to the core numbers.
SANOMASanoma (SANOMA)
Sanoma's second-quarter profit fell slightly due to a decline in advertising sales in the Finnish media business. However, the company confirmed its strong full-year growth forecast, which is based on expectations of a recovery in the learning materials business in the second half of the year. This alleviated investor concerns and helped the stock end the week with a 2.6% gain.
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