Helsinki Q2: A season of strong turnarounds and warnings
The second quarter earnings season of the Helsinki Stock Exchange (23. June – 22. August) brought a 3,10% rise in the OMX Helsinki 25 index. The season was characterized by stark contrasts: the energy sector and defense industry showed record profits, while several companies issued cautious future warnings, reflecting market uncertainty.
REMEDYRemedy Entertainment (REMEDY)
Results: Operating profit fell by 759,7% year-on-year, driving the company into a 3,9 million euro loss.
Reasons: The decline was driven by the high comparison base of last year's successful game and the high marketing costs of the new game "CONTROL Resonant" prior to its launch.
Market reaction: The stock surprisingly rose by 9,3% on the day of the results. Investors ignored the temporary loss and focused on the strong pre-order numbers for the new game, which indicates future potential.
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