On Friday, the Helsinki Stock Exchange opened with a decline, but by the end of the day, the trend had reversed to a clear rise. The general index closed up 0.7 percent at 9,838 points. The most traded stock of the day was Nordea, which had announced its results the day before. The bank’s stock closed up 1.4 percent. Nokia, which also announced its results on Thursday, was the second most traded stock and rose 2.5 percent during the day.
Despite not meeting expectations in its first-quarter figures, Nokia anticipates that it has seen the foundations of its mobile network business. Meanwhile, Elisa gained the most with a 4.4 percent increase after announcing its earnings for January-March period. Although analysts expected higher operating profit from telecom operator Elisa in Q1 2023, they were pleasantly surprised with company’s profitability and growth prospects for future years.
Other companies that announced their results on Friday included Middle Soul, Morning and QPR Software. While Alma Media’s first-quarter result was slightly below analyst expectations, its stock closed unchanged as investors remained optimistic about the company’s long-term potential for growth and profitability development in various segments such as media industry and technology solutions business units . Gofore had a slower first quarter compared to previous growth and profitability development periods due to macroeconomic factors affecting construction market conditions and supply chain disruptions caused by pandemic crisis across global markets . However, it is expected that company will bounce back in upcoming quarters with new projects and partnerships on pipeline stage of development phase .
QPR Software had a positive operating result for the first time since 2019 which was mainly driven by successful implementation of new software products and services across various industries such as healthcare sector where demand has been increasing rapidly due to digitalization efforts in healthcare delivery systems worldwide . This positive outcome led to an increase in revenue streams for QPR software which helped company to close down its stock price marginally at -8% . Ponsse lowered its guidance for 2024 due to macroeconomic slowdown affecting forestry industry globally and supply chain disruptions caused by pandemic crisis impacting demand from major customers such as construction companies worldwide who have reduced their spending on heavy equipment purchases due to declining economic conditions . On other hand Valoe secured funding for a restructuring program which will help it to streamline operations across all segments such as manufacturing operations , supply chain management and financial performance management system implementation process .