Baltic market: mixed results in construction sector
The Baltic stock index (OMXB) rose by 1.51% last week, while the earnings season provided mixed signals. In the construction sector, cost pressures and varying future outlooks stood out, whereas the retail and financial sectors showed more stable growth, reflecting broader economic uncertainty.
MRK1TMerko Ehitus (MRK1T)
Merko Ehitus's second-quarter sales revenue grew by 12.1%, but net profit fell by 24.2%. However, the profit decline has slowed down significantly. The decline was caused by the completion of earlier high-margin contracts. The future outlook is supported by a record order book of 836 million euros, which has grown by 88.3% year-over-year. Driven by positive expectations, the stock ended the week with a 0.9% increase.
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