Baltic Q2: Technology led, costs pressured
The second quarter earnings season of the Baltic markets (23. June – 22. August) passed in a positive mood, with the OMX Baltic index rising 3,72%. However, the results were mixed: the technology and financial sectors showed impressive growth, while construction and real estate were pressured by high costs and cooling demand. The overall picture was characterized by divergent movements across sectors.
SAF1RSAF Tehnika (SAF1R)
Results: The company made an extraordinary turnaround, growing operating profit by 494% and sales revenue by 183% year-over-year. This result marks a strong recovery from previous losses.
Reasons: The main driver of growth was an explosive increase in demand for the company's products, which significantly boosted sales volumes.
Market reaction: The share price remained unchanged on the day the results were published, but has since rallied by nearly 19%, reaching a new record high.
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