Essi Lehto

Finland's Fortum accelerates coal plant closures

Aug 17 2021

HELSINKI Finnish energy company Fortum has accelerated the closure of almost 40% of its coal-fired generation capacity globally, it said on Tuesday, as many countries look to cut coal usage to curb climate change.

Outokumpu sees strong stainless steel demand continuing

Aug 05 2021

HELSINKI Shares in Finnish stainless steel maker Outokumpu fell 5.6% to 5.46 euros on Thursday after the company beat expectations in second-quarter core earnings but warned deliveries were likely to fall by up to 10% in the third quarter.

UPDATE 2-Sampo beats profit forecasts, CEO says could use gains for acquisitions

Aug 04 2021

* CEO says could use asset sale gains for bolt-on acquisitions

UPDATE 2-Metso Outotec flags 2nd half growth with orders jump

Aug 04 2021

* CEO expects business to fully recover in 2nd half (Adds CEO & analyst comments, share reaction)

Wildfire rages in remote Finnish valley

Jul 30 2021

HELSINKI Finland's worst wildfire in more than half a century scorched the country's northwest for a fifth day on Friday, tearing through forests left dry by record summer heat.

Nokia lifts full-year outlook as turnaround takes root

Jul 29 2021

HELSINKI/STOCKHOLM (Reuters) -Nokia on Thursday raised its full-year outlook after reporting a stronger-than-expected second-quarter operating profit, as the telecom equipment maker benefits from a sharp turnaround in its business.

Analysis-5G underdog Nokia firmly back in game after Lundmark's shakeup

Jul 26 2021

STOCKHOLM/HELSINKI Shifting geopolitics and a sharp round of cost cutting have put Nokia firmly back in the global 5G rollout race just a year after CEO Pekka Lundmark took the reins at the Finnish company.

Stora Enso sees packaging demand staying strong beyond pandemic

Jul 21 2021

HELSINKI Finnish forestry firm Stora Enso on Wednesday reported stronger than expected second-quarter core earnings and revenue as higher prices helped to drive strong profit growth in pulp, packaging and wood products.

Profits going up at elevator maker Kone, but costs too

Jul 20 2021

HELSINKI Elevator and escalator maker Kone beat quarterly operating profit forecasts on Wednesday, helped by strong growth in North America and China, but warned of higher costs over the full year due mainly to the global semiconductor shortage.

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