This compares with a profit of EUR 115 million in the second quarter of 2025.
The profit drop was unexpected, with spot prices in the Nordic market twice as high as in the second quarter of last year. Analysts had expected an operating profit of 150 million euros on average, according to Bloomberg.
Sales during the quarter rose to 1.1 billion euros, up from 974 million euros a year earlier.
Corrected: An earlier version of the text stated the wrong profit level for 2025.
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