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[Earnings wrap] Norrhydro jumps, Vincit and Tallink rise as OMX Helsinki 25 gains
[Earnings wrap] Norrhydro jumps, Vincit and Tallink rise as OMX Helsinki 25 gains

Feb 19, 2026

Norrhydro was one of the gainers in Helsinki this morning after the motion control company reported a return to profit, outperforming the broader market as the OMX Helsinki 25 index was up 1.1%.

Norrhydro climbed 9.8% to EUR 1.46 shortly after releasing its annual report, posting 18.5% revenue growth to EUR 28.7 million in 2025. EBITDA more than doubled to EUR 2.65 million, lifting the margin to 9.2% from 5.2%. Operating profit improved to EUR 1.35 million from a loss of EUR 85,000 a year earlier, while net profit reached EUR 233,000. Earnings per share rose to EUR 0.021 from a loss of EUR 0.120.

“Norrhydro returned to a path of profitable growth in 2025,” CEO Yrjö Trög said, citing recovering demand in certain customer industries and improved cost efficiency. For 2026, the company expects revenue of EUR 30.0–32.0 million and EBITDA of EUR 3.0–4.0 million, with growth weighted toward the second half. The board is seeking authorization to distribute up to EUR 0.04 per share as a return of capital.

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Vincit shares gained 4.4%, even as the IT consultancy’s full-year revenue fell 18.4% to EUR 69.1 million. The company posted an operating loss of EUR 1.3 million and a net loss of EUR 2.9 million. Adjusted EBITA margin was 0.6%. CEO Julius Manni described 2025 as a year of “rebuilding the foundations” amid continued uncertainty in software development markets. No dividend will be paid. Vincit expects its adjusted EBITA margin to improve in 2026.

Tallink’s stock price rose 2.6% after the ferry operator reported revenue of EUR 765 million and net profit of EUR 17.3 million for 2025, with EBITDA at EUR 130 million. The company plans to propose a dividend of EUR 0.06 per share.

Shares in Lemonsoft, a Finnish provider of ERP software for small and mid-sized companies, fell 0.8% close to noon after the company reported full-year revenue growth 1.9% to €29.5 million in 2025, supported largely by acquisitions completed in 2024. CEO Alpo Luostarinen cited cautious demand in the key sectors of industrial and wholesale. However, net profit increased 8.2% to €4.4 million. The board proposed an unchanged dividend of €0.14 per share, totaling about €2.5 million.

Bittium, a provider of connectivity solutions, slipped 0.7% despite reporting 40.1% revenue growth to EUR 119.3 million and a near doubling of EBITDA to EUR 32.4 million, driven by strong defense and security sector demand with new orders from Finland and Austria. The board proposed a dividend of EUR 0.15 per share and an extraordinary dividend of EUR 0.15 per share.

Authors

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

Authors

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

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