Earnings Season

# Finnish Q1 2026 Earnings Season: Key Watch Points Finland's major listed companies are set to report Q1 2026 results in late April, with a concentrated reporting calendar from April 28–30. The earnings season will provide critical insight into how Nordic's industrial and utility sectors are navigating current macroeconomic conditions. Investors will closely monitor margin performance across cyclical industries, given ongoing volatility in input costs and global demand dynamics. Key macro factors are likely to dominate investor focus this season. Currency fluctuations—particularly EUR/USD movements—will be crucial for export-oriented manufacturers like Kone and Nokia, which have significant international revenue exposure. Energy costs remain a central concern for Fortum and Neste, while forestry-dependent UPM-Kymmene will be scrutinized for pricing power amid pulp and timber market conditions. Cost inflation pressures, supply chain resilience, and working capital management will be assessed across all reporters. The telecommunications sector, represented by Elisa, will be watched for competitive pressures and revenue trends in a mature Nordic market. Overall, consensus expectations remain cautious, with investors seeking evidence of operational resilience, margin defense, and forward guidance in an uncertain economic environment. The concentration of reports offers a comprehensive snapshot of Finnish corporate health across industrials, energy, and services.