On Wednesday, the OMXH index was up 0.2 percent at 10,053.29 points.
Today it’s the result turn Glaston, Kempower, Kesko, A projectile, Oriola, Outokumpu and Training.
The strongest movements were seen in trading group Kesko and charger manufacturer Kempower.
Kempower was the stock market’s biggest underperformer. It was quoted at 10.20 euros, down 4.9 percent. The morning’s lowest quote is 9.85 euros.
In Kempower’s report, the orders failed. Order intake decreased to 51.5 million euros from 60.9 million in July-September. Inderes analyst Pauli Lohi evaluated the presentation of Kempower’s report as soft during the results live broadcast. The positive points were the gross profit margin and the fact that the bottom lines of the turnover guidelines were not touched.
Kesko’s profit fell, but less than expected. Director general Jorma Rauhala emphasizes in the report that the development of the third quarter was a “good achievement” in a market that continued to be challenging.
“Comparable operating profit increased in construction and building technology trade and grocery trade.”
Inderes recently estimated that Kesko published a third quarter report that was stronger than forecasts.
“As expected, the profit level decreased from the comparison period due to the challenging market environment. However, the profitability exceeded our and the consensus’ expectations quite clearly, and the lower edge of the guidance fork was raised slightly upwards. Thus, the forecasts for the end of the year are subject to some degrees of upward pressure. Overall, we look at the company’s Q3 profit development in a positive tone”, the analyst Arttu Heikura write.
Kesko’s more traded B share was up 11.7 percent at 20.10 euros, the most traded on the entire stock exchange.
Finnair the target price of the share drops to EUR 2.50 from EUR 3.00 at Inderes. The recommendation drops from the decrease level to the more level.
Wärtsilä the stock’s recommendation rises from the minus level to the add level at Inderes. The target price rises to 19.50 euros from 18.00 euros.
Fortum’s the recommendation to reduce the stock is repeated with Inderes. The target price drops to EUR 14.0 from EUR 14.5.
A gentle rise is expected for Wall Street today. After the stock markets closed yesterday, Google parent was received Alphabetin result. It exceeded expectations and the course was high on the aftermarket.
Today, after the market closes, there will be more techno results. when Microsoft and Meta publish their report.
Source: www.arvopaperi.fi
