Uudiste arhiiv

Merko: 2022 9 months and III quarter consolidated unaudited interim report

03.11.2022 Tõnu Toompark

COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 110 million in Q3 2022 and the revenue for the first nine months of the year amounted to EUR 266 million, while the respective figures for net profit were EUR 9.8 million…

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Hepsor: Hepsor AS consolidated unaudited interim report for Q1 2022

11.05.2022 Tõnu Toompark

Consolidated revenues of Hepsor for Q1 2022 amounted to 1.3 million euros and net profit to 0.02 million euros (including 0.005 million euros attributable to the owners of the parent company). The Group’s revenues and profitability are directly dependent on…

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Swedbank: Rapid price growth to continue in Estonia

08.03.2022 Tõnu Toompark

In February consumer prices rose by 12.0%, year-on-year, and 1.5%, month-on-month. Prices were lifted mainly by energy and food, although the increase in consumer prices is becoming more widespread, as rising production costs and supply disruptions are affecting a large…

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Swedbank: Prices will grow faster than wages this year

04.03.2022 Tõnu Toompark

Wage growth was rapid in the fourth quarter of last year (+7.3%, over the year), but uneven, and lagged price rises. Swedbank estimates that the average net wage will increase by 6% this year, but consumer prices will increase even…

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Swedbank: Economy Heat Index: the temperature is just right

27.01.2022 Tõnu Toompark

2021 was a good year for the Baltic economies – GDP grew rapidly, domestic demand recovered, and the labour market followed. Economic temperature ticked up in all three Baltic states and is already approaching the long-run average. Heat is building…

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Swedbank: Estonia: robust demand contributes to the economic growth

30.11.2021 Tõnu Mertsina

GDP expanded 8.6% y/y and 0.7% q/q (swda) in 3Q – the growth met our expectations. GDP has increased 8.5% y/y in the first three quarters of 2021. In 3Q, more than half of the GDP growth came from four…

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Swedbank: Wage growth remains rapid in Estonia

29.11.2021 Tõnu Toompark

The average gross wage growth accelerated to 7.8% in the third quarter. Average wages have risen above pre-crisis levels in all sectors. Income inequality among wage earners has increased this year. Labor shortages and rising minimum wages keep wage growth…

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Nordecon: 2021 III quarter and 9 months consolidated interim report (unaudited)

04.11.2021 Tõnu Toompark

Despite the ongoing impact of the COVID-19 pandemic and turbulence in the economy, the Group’s efforts have borne fruit and the profitability in the third quarter was comparable to the same period in 2020. However, rising input prices and supply…

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Swedbank: Inflation accelerated further in Estonia

07.10.2021 Tõnu Toompark

In September, consumer prices increased by 6.6%, over the year. 60% of the increase in prices came from energy products, especially more expensive electricity and motor fuels. Wages and pensions have risen at least as much as prices. Higher prices…

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Swedbank: Wage growth accelerated in Estonia

27.08.2021 Tõnu Toompark

The growth of the average monthly gross wage accelerated from 4.9% in the first quarter to 7.3% in the second quarter. Wage growth picked up speed due to a very low base one year ago, when the corona crisis hit…

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Baltic Horizon Fund declares quarterly cash distribution of approx. EUR 1.32 million to investors

28.07.2021 Tõnu Toompark

Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 0.98% of the Fund’s Q2 2021 weighted average net asset value to its unitholders. This equals approx. EUR 1.32…

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Swedbank: Estonian economy recovered from the recession faster than expected

31.05.2021 Tõnu Toompark

Economy grew by 5.4% annually (non-adjusted) and 4.8% quarterly (seasonally and working day adjusted) in Q1. The result exceeded our expectations and was the strongest among European countries (according to the numbers published so far). The restrictions continued to affect…

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Baltic Horizon Fund declares quarterly cash distribution of approx. EUR 1.32 million to investors

30.04.2021 Tõnu Toompark

Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 0.96% of the Fund’s Q1 2021 weighted average net asset value to its unitholders. This equals approx. EUR 1.32 million…

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Swedbank: The Estonian economy is recovering from the crisis

01.03.2021 Tõnu Toompark

In 2020, Estonian GDP fell by 2.9% in real terms and 3.4% in nominal terms. The result was close to our expectations – our forecast, published in January, was -2.7%. In addition, GDP results for the first three quarters were…

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