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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.
The Q4 earnings period was good for the Finnish IT services sector despite the headwinds caused by the challenging expert market. Customer demand in the market remained good and the average revenue growth of the companies we followed was 17% (Q3’21: 15%).