Neste stood out among the top performers, climbing about 12% over five days as oil prices kept rising amid the prolonged Iran War. Cargo-handling equipment maker Hiab followed with a roughly 9% gain, supported by its latest quarterly update showing a 7% rise in organic orders, a growing order book, and a solid 13.5% comparable operating margin.
Tire maker Nokian Renkaat rose over 7%, after reporting higher sales across all regions and a sharp improvement in operating profit, driven by better pricing and lower costs as its turnaround strategy gains traction. Engineering group Wärtsilä, known for marine and energy solutions, added nearly 6%, and telecom giant Nokia gained about 5%.
On the downside, software company Qt Group dropped more than 13%, making it the week’s biggest loser after announcing major restructuring plans that could cut up to 200 jobs and target €20 million in annual cost savings, highlighting slowing growth and integration-related efficiencies following its recent acquisition.
Pharmaceutical firm Orion fell around 10%, even as it reported strong first-quarter results with revenue up nearly 18% and operating profit jumping over 40%, prompting a slightly improved full-year outlook. Chemicals company Kemira also declined about 10%, after reporting weaker quarterly results with revenue and profitability falling amid soft demand and pricing pressure, as the company accelerates cost and efficiency measures to counter a challenging market. Mining technology provider Metso Outotec slipped nearly 8%, while packaging company Huhtamäki, which produces food and consumer packaging, lost close to 7%.
Overall, the index itself was little changed for the week, suggesting investors are rotating rather than exiting the market. Gains in energy and industrials were offset by declines in tech and materials, highlighting a cautious but active trading environment on the Helsinki bourse.
