Kesko was the bright spot of the stock exchange day – UPM was the most traded, which slipped for the second day

The Helsinki Stock Exchange’s main index fell by 1.4 percent to 9,896.35 points on Wednesday.

The results publisher took the hardest hit Kempowerwhich once again offered new disappointments to investors. Kempower’s share price ended up falling by 8.2 percent with a turnover of around 2.6 million euros.

Kempower’s third-quarter net sales and closely monitored order intake both fell short of analysts’ forecasts, and the quarter’s operating loss was larger than expected.

In addition, Kempower lowered its guidance from the upper bracket in terms of turnover, and is now guiding for a turnover of 220–230 million euros for the whole year, assuming that exchange rates do not have a significant impact. The previous turnover range was 220–260 million euros.

Regarding profitability, Kempower’s guidance remained the same. The operating profit is instructed to be negative, but in such a way that profitability improves towards the end of the year and rises to zero level for the fourth quarter.

It also ended up with a significant decrease of 7.3 percent F-Secure. F-Secure has not announced any company-specific news today, but the share price fell sharply after around eleven o’clock.

Kesko kiri increased by more than 10 percent

The fastest riser of the day was the results publisher Keskowhose B share reached a 10.4 percent increase with a turnover of approximately EUR 50.6 million.

Although Kesko’s July–September result weakened from a year ago, it clearly exceeded analysts’ consensus forecast.

In connection with the results announcement, Kesko also raised the lower edge of its guidance range. The company now expects a comparable operating profit of 630–680 million euros for the whole year, while it previously guided for 620–680 million euros.

Only from the other results publishers of the day Glaston (+3.9%) on the rise. Training (-0,3 %), Outokumpu (-0,9 %), A projectile (-0.9 %) and Oriola (-3.0%) decreased.

Wednesday’s most traded stock was UPMwhich fell by 4.4 percent with a turnover of 63.3 million euros. On Tuesday, UPM announced the result of the third quarter, which did not reach expectations.