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Business

Framery, Kreate, Wulff rise while Aspo falls after interim earnings
Framery, Kreate, Wulff rise while Aspo falls after interim earnings

A group of Finnish listed companies reporting interim earnings on Monday saw varied share price reactions, diverging from the broader Helsinki market, which rose 0.4% in the afternoon.

Framery, which produces soundproof office pods, surged 15.4% to EUR 7.73. Revenue remained at EUR 58.4 million, while earnings per share increased to EUR 0.13. CEO Samu Hällfors said, “Organic growth in the first quarter, excluding our largest customer, was an excellent 15.2%.” Framery is doubling down on building its first factory in the US this year to serve the North American market.

Kreate, an infrastructure construction company, gained 9.4% to EUR 18.65. Revenue increased to EUR 97.6 million from EUR 52.4 million, marking a record quarterly revenue, while its order backlog rose to EUR 689.0 million, also a record level. CEO Timo Vikström said this represents “an entirely new level in the company’s history.” 

Wulff, which provides workplace services and office supplies, rose 6.4% to EUR 3.47. Net sales grew 16.0% to EUR 31.5 million, and comparable operating profit increased to EUR 0.9 million. CEO Elina Rahkonen said the comparable operating profit more than doubled.

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Aspo, a conglomerate focused on shipping and chemicals distribution, declined 2.5% to EUR 6.22, reflecting a decline in revenue. Net sales decreased to EUR 114.1 million from EUR 116.0 million, while comparable EBITA from continuing operations was EUR 7.1 million. CEO Rolf Jansson said, “ESL Shipping’s performance suffered from the challenging market and operating environment.”

Tomorrow, investors can expect to digest the interim reports of Wärtsilä, Valmet, and Lindex.

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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