[Earnings wrap] Tietoevry and Hiab rise on good margins while Metso, Outokumpu, and Kemira fall

Business

[Earnings wrap] Tietoevry and Hiab rise on good margins while Metso, Outokumpu, and Kemira fall

Feb 12, 2026

The OMX Helsinki 25 index fell 1.2 percent after a dense morning with more than 20 annual reports, including heavyweights Metso and Outokumpu.

Tietoevry was a clear winner of investor favor, surging over 12 percent in the afternoon, following the software and digital engineering services company's mixed earnings. It reported improved EBITA margin to 16.2 percent in the fourth quarter, up from 13.8 percent. However, full-year revenue declined 1 percent to EUR 1.9 billion. The board proposed a EUR 0.88 dividend and launched a EUR 150 million share buyback.

Another gainer was Hiab. The load handling equipment and services provider edged up 0.3 percent despite its 6 percent revenue decline to EUR 1.56 billion in 2025. However, the company delivered a record comparable operating margin of 13.7 percent. Services had a record year, and cash flow from operations before finance items and taxes reached EUR 308 million.

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Outokumpu, the stainless steel producer, declined 4.3 percent as the 2025 revenue dropped to EUR 5.5 billion and the net result was EUR -137 million. Adjusted EBITDA fell to EUR 167 million. CEO Kati ter Horst noted the year was “marked by subdued demand for stainless steel.”

Metso, which supplies equipment and services to the aggregates and minerals industries, fell 4.1 percent after recording just a 4 percent sales increase to EUR 5.2 billion, while earnings per share from continuing operations edged down to EUR 0.58. CEO Sami Takaluoma said that market activity remained stable, supported by high metal prices and healthy infrastructure activity in the fourth quarter.

Kemira, a chemicals group focused on water-intensive industries, fell 3.2 percent after saying that revenue decreased 5 percent to EUR 2.8 billion, while the operative EBITDA margin remained 19.1 percent, within the target range. CEO Antti Salminen said the “market environment weakened from the previous years and demand was slow, particularly in the pulp and paper industry.” The board proposed a EUR 0.76 dividend and a share buyback of up to EUR 100 million.

Mandatum, the asset and wealth manager and life insurance provider, slipped 1.7 percent as its profit before taxes declined 10 percent to EUR 182.1 million for 2025. However, the report also showed positive signals since the capital-light profit before taxes rose 5 percent to EUR 91.8 million, and the assets under management increased 10 percent to EUR 15.3 billion. The board proposed a EUR 0.85 dividend.

Authors

Emmi Laine

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.