Baltic market success stories: Who made a profit turnaround?
A profit turnaround is one of the sweetest moments for an investor – it is a sign that the company's difficulties are being left behind and a new growth phase lies ahead. During the current earnings season, several companies on the Baltic stock exchange have shown that they can adapt and turn their businesses back to profitability. Let's take a closer look at five companies whose financial results have made a clear U-turn or are showing strong signs of recovery, offering investors renewed confidence.
NCN1TNordecon (NCN1T)
The construction company Nordecon has made an impressive profit turnaround, leaving its previous difficulties behind. While the company previously struggled with losses, in the first quarter of 2026, operating profit grew by a massive 485,9% compared to the previous year, reaching 1,1 million euros. At the same time, sales revenue also made a strong leap, increasing by 32,1% to 52,0 million euros, clearly outperforming several competitors who showed a decline during the same period.
The main driver of the turnaround is the robust growth in both building and infrastructure construction volumes, with infrastructure construction revenues jumping by as much as 167,6%. Although the market recently reacted with slight uncertainty to the non-payment of dividends and the share price has fallen slightly, the company's future outlook is strong – the contract portfolio has grown by 31,3%. This shows that it is not a one-off flash, but a sustainable recovery of business operations, where costs are growing slower than revenues.
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The information provided is not investment advice. RYTM analyses are generated with AI assistance and are intended for informational purposes only. Always do your own research before making investment decisions.