Baltic markets: weekly results summary 9. May
Over the past week, strong results drove the OMX Baltic index up by 2.57%. The ongoing earnings season shows a recovery in the construction and utilities sectors, although investors are closely monitoring whether the profit growth is driven by real business operations or one-off factors.
In the first quarter, the company's sales revenue grew by 12.4% to 18 million euros, and operating profit increased by 21.3%. The main driver of growth was the water service price increase for private customers implemented in May 2025, along with improved cost efficiency. The share price rose by 0.87% over the week, closing at the 11.65 euro level. Strong results and stable cash flow support the stock right before the upcoming 0.57 euro ex-dividend date.
The company made an impressive turnaround: Q1 sales revenue grew by 32.1% to 52 million euros, and operating profit jumped by 485.9% to 1.1 million euros. The result was driven by an increase in volumes for both buildings (+21.9%) and infrastructure construction (+167.6%). Despite the strong numbers and an order book that grew to 372.2 million euros, the share price remained flat for the week (0.0%), closing at 0.60 euros. The market is waiting for confirmation on the sustainability of the trend.
First-quarter sales revenue fell by 32.9% and operating profit dropped by 86.7% to 1.3 million euros. The weak result was due to a sharp decline in apartment sales – only 36 apartments were sold compared to 121 last year. However, the stock remained stable, falling only 0.17% over the week and closing at 29.65 euros. The market is reassured by a record order book that has grown to 826 million euros and a confirmed 1.25 euro dividend, which point to a strong future.
The company's Q1 sales revenue grew by 12.9% to 505 million euros, and operating profit made a turnaround, reaching 21.4 million euros. However, the main reason for the profit jump was a positive change in the value of financial instruments amounting to 32.2 million euros, rather than core business growth. The share price rose by 1.1% over the week and closed at 47.50 euros. Although the 3.02 euro dividend supports the price, the market is cautious, as a large part of the profit came from a one-off revaluation.
Conclusion
The results of the past week reflect a diverse picture in the Baltic market. In the construction sector, we see both a strong recovery and temporary dips, which are balanced by record order books. It is also important to distinguish core business growth from one-off financial income. To stay up to date with the ongoing earnings season and more detailed company analysis, follow the market using the RYTM platform.
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