Baltic market: weekly results summary 2. May

Arco Vara's first-quarter sales revenue plunged by 77,1% and operating profit turned into a loss of 0,48 million euros. The main reason was a sharp decline in real estate sales – instead of four apartments sold a year ago, only one was sold. The stock fell by 3,42% over the week and closed at the 1,41 euro level. The market is waiting for confirmation on whether this is a temporary weakness or a broader issue.

Ekspress Grupp's first-quarter operating loss decreased from 1,4 million to 0,9 million euros, although sales revenue fell by 1,2%. The result was improved by successful cost management, which mitigated the decline in advertising sales. The stock rose by 0,81% over the week and closed at 1,25 euros. The focus is on the upcoming general meeting, where the buyout of minority shareholders will be decided.

Apranga's first-quarter sales revenue grew by 8,6% and operating profit jumped by 38,2%. The growth was driven by strong sales results in both youth-oriented stores and the business apparel segment. The stock rose by 2,1% over the week and reached a new 52-week high at 3,91 euros. The strong results show that the company is able to successfully grow both sales and profitability.

Artea Bank's first-quarter net profit fell by 12,8%, but the pace of decline has slowed. The decrease in income from the sale of financial assets was offset by a 5,6% growth in interest income. The stock price remained stable over the week, closing at 0,91 euros (+0,7%). The bank's confirmed 2026 targets and stable interest margin provide investors with confidence.

Tallink's first-quarter sales revenue grew by 8,8% and operating loss decreased to 17,2 million euros. The result was supported by a 6,8% increase in passenger numbers and a 13,4% growth in cargo volumes. The stock rose by 3,2% over the week and closed at 0,65 euros. The improved profitability in a seasonally weak quarter indicates that the recovery in passenger and cargo transport is clearly translating into the company's results.

Telia Lietuva's first-quarter sales revenue grew by 7,6% and net profit by 9,0%. The growth was driven by strong sales of mobile services, although higher energy and advertising costs slowed the pace of profit growth. The stock rose by 5,0% over the week and closed at 2,29 euros, which is a 52-week high. The rise was also supported by the confirmation of a record 0,14-euro dividend payment.

Harju Elekter's first-quarter sales revenue fell by 6,2% and operating profit plunged by a staggering 82,9%. The decline was driven by a sharp drop in the profitability of the manufacturing segment and a 10,6% increase in labor costs. The stock fell by 0,7% over the week and closed at 5,64 euros. Although the company confirmed a 0,25-euro dividend, the market remains focused on the weak quarterly results.