Such conclusions are drawn by the experts from the stock exchange’s earnings period – “It is starting to be a shareholder’s time”


The first earnings period of 2022 has been largely positive. To date, the majority of earnings announcers have increased their revenue and more than half have increased their earnings.

Turnover and earnings development have been better than expected in more than 60 percent of companies.

The comparison figures for a year ago are tough for many companies. Partly because of this, we were now preparing for a challenging earnings season. This is also why the development pleases the experts of the Market Board.

“The situation is positive in both Finland and the Nordic countries. The market situation is challenging and there is a sway below. In comparison, the results have been very good, ”he concludes Aktian portfolio manager Juha Laakso.

Uncertainty in the market is now being created especially by accelerating inflation and the war waged by Russia in Ukraine.

The corona pandemic, on the other hand, continues to plague Asia in particular. Inderesin chief analyst Antti Viljakainen notes that company – specific differences in earnings announcements are gradually beginning to emerge.

“Some companies are doing tremendously well, but unlike last year, there are also companies that are in difficulty for one reason or another. No longer will everyone surpass and improve significantly, ”says Viljakainen.

The victims of the earnings period include, for example, companies in the engineering sector Konecranes and Valmet, who say they are still suffering from a continuing shortage of components. The comparable result of both decreased from the previous year.

Many successes

One of the listed companies that collected titles during the earnings period is Rovio. The gaming company clearly increased its turnover and made a stronger result than expected. This caused a positive exchange rate reaction of about 20 percent.

“Rovio has a good turnover growth behind it. The company has been a little weak in terms of growth. Now what was expected was delivered, ”Laakso estimates.

The jury also points out the packaging company, which has achieved a much stronger result than expected Huhtamaki mixed Nokiawhich, contrary to analysts’ expectations, managed to increase its earnings despite a strong comparison period.

Also, all three listed forest companies, UPM, Great Enso and Forest Boardreported strong earnings figures.

In addition, the trade group Kesko issued a positive earnings warning at the end of April and said it had improved its earnings drastically in the first half of the year.

The multidimensional nature of the market is reflected in the fact that the discount chain Tokmanni issued a negative earnings warning at the same time, citing consumer uncertainty and inflation.

According to Kesko, the good results are specifically related to construction and building services.

CEO of the Stock Exchange Foundation Sari Southwest points out that benchmark companies may not have these sectors at all. Therefore, when looking at the development of earnings, it is always necessary to look carefully at what the company in question is doing.

“Now there are starting to be times like a stock picker, so there are differences,” Lounasmeri concludes.

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Source: Arvopaperi by www.arvopaperi.fi.

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