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