Kamux, Raisio and Outokumpu all reported first-quarter earnings today, with investors sending the Finnish used-car retailer sharply lower while lifting food products maker Raisio and pushing stainless steel producer Outokumpu slightly below the broader market. Kamux fell 5.5% in the afternoon, Outokumpu slipped 0.6% and Raisio gained 2.0%, compared with a 0.8% rise in the OMX Helsinki 25 index.

Kamux, the Finnish used-car retailer, reported an 11.8% drop in revenue to EUR 205.1 million in the January-March period as the number of cars sold declined 6.6% to 13,727 vehicles. Adjusted operating profit improved to a loss of EUR 1.0 million from a loss of EUR 1.9 million a year earlier, while gross profit per sold car rose 12.4% to EUR 1,386.

CEO Juha Kalliokoski said weak consumer confidence and higher energy and fuel costs continued to weigh on demand. “Competition remained fierce, and the purchasing market was also tight,” he said. Kamux maintained its guidance for adjusted operating profit to improve in 2026.

Raisio, the Finnish food products maker behind the Benecol and Elovena brands, posted improved profitability despite broadly flat sales. Comparable EBIT increased to EUR 7.5 million from EUR 6.1 million a year earlier, while comparable EBITDA rose to EUR 9.8 million from EUR 8.5 million. Net sales edged down 0.7% to EUR 57.5 million.

CEO Pasi Flinkman said the company had moved into “the phase of accelerating growth” after laying the groundwork last year. Growth in the Breakfast, Snacking & Food Solutions business, including an almost 11% increase in Elovena sales, supported earnings. Raisio reiterated its guidance for both net sales and comparable EBIT to increase in 2026.