Nokia ousted Nordea

Network equipment supplier Nokian the curriculum is unparalleled. On Thursday’s earnings day, investors whipped it up almost 10 percent.

During the last year, the stock has increased in price by almost 100 percent, and almost 70 percent since the beginning of this year alone. It is exceptional at least because, in terms of market value, Nokia was already among the largest companies on the Helsinki Stock Exchange.

During the year, the market value has therefore swelled by more than 25 billion dollars, and it has also helped to strengthen the general index of the Helsinki Stock Exchange, in which Nokia has a large weight.

On Thursday morning, Nokia was once again the largest company on the Helsinki Stock Exchange – at least temporarily. The company’s market value rose to 53.8 billion euros. The last time the company held the top spot was at the end of the last decade.

The first place has long been held by a banking giant Nordeawhose market value was almost the same. In the spring of last year, Nokia was less than half the size of Nordea. On Thursday, Nordea’s share was in a slight decline.

The third largest domestic listed company is an elevator manufacturer Konewhose market value is about half that of Nokia and Nordea.

Speed ​​from the result

Nokia posted a result that was better than market expectations. Nokia’s comparable operating profit was 281 million euros in the first quarter of the year. A year ago, the profit was 156 million euros. For the whole year, Nokia expects an operating profit of up to 2.5 billion euros.

The company has recently communicated that it is benefiting especially from the hot data center boom. Also the new managing director who started last spring Justin Hotard seems to inspire confidence among investors.

Investors have recently paid attention to the fact that Nokia shares seem to behave slightly differently on Wall Street than on the domestic stock exchange. International investors are more eager buyers, as the stock, which is often listed in the United States, has risen rapidly while the Helsinki Stock Exchange is closed.