Baltic: Weekly Earnings Summary Nov 7
Last week, the OMX Baltic index remained stable, falling by just 0.09% as the earnings season continued. The latest reports painted a mixed picture of the market: clear differences emerged in the construction sector, and even diversified holding companies faced challenges in individual segments.
MRK1TMerko Ehitus (MRK1T)
Merko Ehitus's net profit fell by 16.2% in the third quarter, although the profit decline has slowed down. The result was impacted by a sharp 82.2% drop in the profit of the construction services business line. However, the decline was offset by a more than threefold increase in the profit of the real estate development segment. A strong order book, which grew by 58.2%, provides hope for the future. The stock ended the week with a 0.9% decline.
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