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Translation: Original comment published in Finnish on 5/22/2023 at 5:00 am.
In this review, we examine the cost structures of Nasdaq Helsinki’s expert companies. The group clearly focuses on the IT service sector, but it also includes expert companies from accounting firms to engineers and legal services.
The IT service sector's Q2 was reasonable overall: strong organic growth was dimmed by profitability challenges in several companies. Customer demand in the market continued to be good and especially organic growth that we monitor closely accelerated to 9% (median Q1’21 7%).
The Q1 earnings period of the Finnish IT service sector was good across the line, despite the headwinds in the talent market.