Helsinki Q1: Full Earnings Season Summary
The first quarter earnings season on the Helsinki Stock Exchange took place amidst a strong market rally, with the OMX Helsinki 25 index rising 10.88% from March 24 to May 23. However, the results were mixed: several companies showed improved profitability due to cost control, while others struggled with cooling demand. The season was characterized by mixed signals from industrial companies and a better-than-expected consumer situation.
SSABAHSSAB (SSABAH)
Results: Operating profit grew by 62.9%, although sales revenue fell by 0.7%. Reasons: Growth was driven by strong cost control, especially a drop in the cost of goods sold, which compensated for the decline in sales and significantly improved profitability. Market reaction: The stock reacted explosively to the results, rising nearly 31% on the first day and has continued to rally since, being up over 46% overall.
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