On Thursday, the main index of the Helsinki Stock Exchange ended close to the closing readings of the previous day. Various reactions were seen among the day’s results announcers.
Among other things, the network equipment company ended up with the bill Nokia. Nokia’s net sales and adjusted operating profit fell short of last year’s second quarter, which on the other hand was in line with expectations, as last year’s comparison period was strong for Nokia.
However, Nokia’s result was not acceptable to investors, and the stock ended up falling by around five percent.
Nokia was the most traded stock of the day with a turnover of 134.5 million euros. The second most traded stock Nordea was exchanged for 44.2 million euros.
CEO of Nokia Pekka Lundmarkin according to the company’s low profitability is largely due to low turnover. Although the market situation is improving, its effects will be visible in Nokia later than previously estimated.
“We are by no means satisfied with this level of results. It’s absolutely clear,” Lundmark said For Kauppalehti on Thursday.
“Now that our product competitiveness is in order and we are reducing the cost level, the next thing we need is volume.”
Of the earnings publishers, the software company was the hardest hit Innofactor, whose result fell short of analysts’ forecasts. Innofactor’s share ended with a 9.8 percent drop.
Among those who published results, among others, there was a positively surprising office supplies and personnel rental company Wulff Group (+6.2%) and a telecom operator company that offered steady, moderate growth Telia (+6,9 %).
Enersense in a confusing lift
The biggest gainer of the day was the one focused on emission-free energy solutions Enersensewhich ended up 19.5 percent higher with a turnover of around 394,600 euros without any recent company-specific news.
The manufacturer of electric car charging stations informed about the change negotiations Kempower ended with a decrease of 0.3 percent with a turnover of 1.1 million euros. Within the scope of the change negotiations, the company estimates that it will reduce about 10 percent of its current personnel years.
Energy company Fortum announced on Thursday that it is selling its recycling and waste business to an investment company Summa Equitylle with around 800 million euros. On the current balance sheet, Fortum is recording a tax-free capital gain of around 110 million euros from the deal, although the final amount of the profit will be determined on the day the deal is completed.
Fortum’s share price ended up down 0.6 percent with a turnover of 20.6 million euros.
Source: www.arvopaperi.fi
