The Helsinki Stock Exchange opened up on a quiet news day. The general index had risen 20 minutes after the opening by 0.4 percent to 9849 points.
Nousukarje had raised its turnover guidelines yesterday Konecranes (+6,5 %)
In turn, they were seen at the bottom of the main list Elecster (-9.5 %) and Kesko (-1.8%) without company-specific news.
In the most traded stocks In this was down 0.1 percent. Neste, which warned about its results on Wednesday, closed with a ten percent drop at that time and dropped more than two percent yesterday as well.
Analysts are still optimistic about the company’s prospects, even though profit forecasts have been cut with a heavy hand.
The consensus forecast is expected according to the information service FactSet From liquid this year EBITDA of 1.68 billion euros, while at the end of August the EBITDA was expected to be 1.93 billion. For analysts who have updated their views, the investment recommendations have not decreased, although the target prices have come down.
The financial newspaper Financial Times reported yesterday that the network equipment company Nokia (+0.5%) would be looking for a replacement CEO Pekka for Lundmark. Also the chairman of the board Sari Baldauf would be changing. The company has denied the rumours.
Konecranes raised its turnover guidance for this year last night. According to the new guidelines, the company expects turnover to increase in 2024 compared to the previous year, while previously the company expected it to remain at the same level or increase.
Konecranes kept the part of the instructions regarding profitability unchanged. The company expects its comparable EBITA margin to improve from the previous year.
Inderes counted Wood joy the target price to 11.00 euros from the previous 11.50 euros, but the add recommendation remained unchanged.
He published his results yesterday Wood joy operating profit increased to 24.4 million euros during May–July. In the comparison period, the company’s ebit result was 20.6 million euros. Analysts forecast an average result of 24.6 million euros.
Danske Bank, on the other hand, declined Orion’s recommendation to hold level from buy level. The target price was set at EUR 50.00.
Source: www.arvopaperi.fi
