EarningsScore

Nordic Earnings Signals

Companies where management language deviates significantly from their own historical baseline — suggesting something has changed.

Updated November 12, 2026 · 45 active signals
Company Period Signal strength Direction
Newcap Holding
DK · Financials / Asset Management
Annual 2025 Strong Bullish See analysis →
Boule Diagnostics
SE · Healthcare / Medical Devices
Q3 2026 Strong Bullish See analysis →
Schouw
DK · Industrials / Diversified Conglomerate
Q2 2026 Strong Bullish See analysis →
Norsk Hydro
· Industrials / Manufacturing
Q3 2026 Strong Bullish See analysis →
Byggmax
· Consumer Goods / Retail
Q1 2026 Strong Bullish See analysis →
Scatec
NO · Energy / Utilities
Q3 2026 Strong Bullish See analysis →
Skanska
SE · Industrials / Construction
Q3 2026 Strong Bullish See analysis →
Aktia
· Financials / Banking
Q3 2025 (January-September 2025) Strong Bullish See analysis →
Wallenius Wilhelmsen
NO · Industrials / Shipping & Logistics
Q1 2026 Strong Bullish See analysis →
Sanoma
FI · Consumer Goods / Education Publishing
Q3 2026 Strong Bullish See analysis →
Martela
FI · Industrials / Manufacturing
Q1 2026 Strong Bullish See analysis →
Wirtek
DK · Technology / IT Services
Q2 2026 Strong Bullish See analysis →
Danske Andelskassers Bank
DK ·
Q1 2026 Strong Bullish See analysis →
AAK
SE · Consumer Goods
Q3 2026 Strong Bullish See analysis →
Tryg
DK · Financials / Insurance
Q2 and H1 2026 Strong Bullish See analysis →
Clas Ohlson
SE · Consumer Goods / Retail
Annual 2025/26 Strong Bullish See analysis →
Elanders
SE · Industrials / Logistics
Q3 2026 Strong Bullish See analysis →
Nokian Tyres
FI · Consumer Goods
Q3 2026 Moderate Bullish See analysis →
Pihlajalinna
FI · Healthcare / Private Healthcare Services
Q3 2026 Moderate Bullish See analysis →
Olvi
FI · Consumer Goods
Q3 2026 Moderate Bullish See analysis →
Metsä Board
· Industrials / Manufacturing
Q3 2026 Moderate Bullish See analysis →
Vistin Pharma
NO · Healthcare / Pharma
Q3 2026 Moderate Bullish See analysis →
Transtema Group
SE · Industrials / Infrastructure Services
Q1 2026 Moderate Bullish See analysis →
Solar
DK · Industrials / Distribution
Q1 2026 Moderate Bullish See analysis →
Dedicare
SE · Industrials / Staffing & Healthcare Services
Q3 2026 Moderate Bullish See analysis →
Mowi
NO · Consumer Goods / Food Production
Q3 2026 Moderate Bullish See analysis →
Bufab
SE · Industrials / Manufacturing (Distribution)
Q3 2026 Moderate Bullish See analysis →
Kemira
FI · Industrials / Specialty Chemicals
Q3 2026 Moderate Bullish See analysis →
Exel Composites
FI · Industrials / Manufacturing
Q3 2026 Moderate Bullish See analysis →
Sagax
SE · Real Estate
Q3 2026 Moderate Bullish See analysis →
Djurslands Bank
DK · Financials / Banking
Q2 2026 Moderate Bullish See analysis →
Musti Group
FI · Consumer Goods
Q3 2026 Moderate Bullish See analysis →
Fast Ejendom Danmark
DK · Real Estate
Q1 2026 Moderate Bullish See analysis →
Addlife
SE · Healthcare / Medical Distribution
Q3 2026 Moderate Bullish See analysis →
Netcompany
DK · Technology / IT Services
Q3 2026 Moderate Bullish See analysis →
Metso
· Industrials / Manufacturing
Q3 2026 Moderate Bullish See analysis →
Cellavision
SE · Healthcare / Medical Technology
Q3 2026 Moderate Bullish See analysis →
Rapala VMC
FI · Consumer Goods
Q3 2026 Moderate Bullish See analysis →
Alma Media
FI · Technology / Digital Media & Marketplaces
Q3 2026 Moderate Bullish See analysis →
NTG Nordic Transport Group
DK · Industrials / Transportation & Logistics
Q1 2026 Moderate Bullish See analysis →
Arla Plast
SE · Industrials / Manufacturing
Q1 2026 (January-March 2026) Moderate Bullish See analysis →
Seafire
SE · Industrials / Manufacturing
Q2 2026 (April 1 - June 30, 2026) Moderate Bullish See analysis →
Selvaag Bolig
NO · Real Estate
Q3 2026 Moderate Bullish See analysis →
Kitron
NO · Industrials / Manufacturing
Q1 2026 Moderate Bullish See analysis →
Kambi Group
SE · Technology / IT
Q3 2026 Moderate Bullish See analysis →
What is σ (sigma)? Each company is compared to its own historical baseline — not the market. A deviation of +2σ means management is communicating significantly more positively than their own historical average. This is the core signal: not whether the company is good or bad, but whether something has changed in how leadership communicates.
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