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Tarmo Virki

Nordic IT firm TietoEVRY to pay dividend after second-quarter profit rise

Jul 24 2020

Nordic IT services provider TietoEVRY reported on Friday a rise in second-quarter underlying profit, helped by cost cuts following the takeover of EVRY business last year, and said it would pay a dividend.

UPDATE 1-Finnish retailer Stockmann sinks to Q2 loss

Jul 24 2020

July 24 Struggling Finnish retailer Stockmann swung to a second-quarter operating loss as the coronavirus outbreak kept customers away from its department stores, and said it was focused on reducing costs to stave off bankruptcy.

Finnair sees steep third-quarter loss, shares drop

Jul 24 2020

Finnair plunged to a second-quarter loss as the coronavirus pandemic kept most flights grounded, and said it would make a similar loss this quarter, despite an increasing number of flights.

Top shareholder Valmet mum on increasing Neles stake

Jul 23 2020

Finnish engineering firm Valmet declined to say on Thursday whether it had further raised its stake in Neles as it reiterated its opposition to Alfa Laval's takeover bid for the valve maker.

Neste beats forecasts on renewables, shares at historic high

Jul 23 2020

Finnish biofuel producer and oil refiner Neste reported smaller-than-expected falls in second-quarter sales and profit on Thursday thanks to its renewables business, sending its shares up more than 14% to a record high.

UPDATE 3-Neste beats forecasts on renewables, shares at historic high

Jul 23 2020

* Shares jump over 14% (Adds CEO comment, details, updates shares)

UPDATE 2-Labels ease virus pain for forestry firm UPM

Jul 23 2020

July 23 Quarterly profits at Finnish forestry products maker UPM fell less than expected as a surge in demand for labels for online shopping and packaged goods partly offset the hit from coronavirus lockdowns in other areas, such as office paper.

Stora Enso quarterly profit beats forecasts, packaging shines

Jul 21 2020

Finnish forestry firm Stora Enso Oyj reported a better-than-expected underlying profit in April to June on Tuesday and said tight cost control helped it mitigate some of the impact of the coronavirus crisis.

UPDATE 2-Stora Enso quarterly profit beats forecasts, packaging shines

Jul 21 2020

July 21 Finnish forestry firm Stora Enso Oyj reported a better-than-expected underlying profit in April to June on Tuesday and said tight cost control helped it mitigate some of the impact of the coronavirus crisis.

Finland's Wartsila sees challenging H2, shares drop

Jul 17 2020

Finland's Wartsila sees the second half of the year as 'extremely challenging', its chief executive said on Friday, after the engineering firm reported smaller-than-feared 51% drop in April-June profits.

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