On the Helsinki Stock Exchange, the OMXH general index was down by less than one percent on Wednesday afternoon. At 2 p.m., the index was quoted at 9,633.68 points.
Earnings publisher Neste’s rapid fall was stopped and the stock made an effort to rise three percent throughout the day. The share was quoted at EUR 17.81.
A total of five results reports were received on Thursday. The report shift included an oil refiner In thisa packaging company Huhtamäkimanufacturer of measuring devices Vaisalashipping company Tallink and supplier of environmental solutions Lamor.
Neste’s result fell short of expectations, even though analysts had clearly cut their forecasts after the profit warnings.
Neste’s comparable EBITDA for April–June fell more than expected.
The company lowered the guidelines for renewable products.
“We estimate the second quarter to be Neste’s weakest quarter of the year in terms of earnings, and we expect cash flow to be clearly positive in the second half of the year”, CEO Matti Lehmus stated in the earnings release.
Packaging manufacturer Huhtamäki’s operating result improved slightly more than expected in the second quarter from the comparison period a year ago. Huhtamäki was down 4.5 percent.
The company keeps the instructions it gave at the beginning of the year unchanged. The company expects its business conditions to improve this year compared to last year, although there is still instability in the operating environment. In connection with the result, the company kept this outlook unchanged.
Vaisala’s operating profit grew more than expected. Vaisala also received more new orders than expected.
Vaisala was the most upbeat case on the stock exchange with an increase of almost 12 percent.
“Vaisala’s second quarter was strong in both business areas after a slow start to the year. We continued to implement our strategy, further improving profitability in the traditional weather measurement business and further increasing our ongoing order sales and service sales,” commented the CEO. Kai Öistämo in the bulletin.
Lamor’s turnover and operating profit fell short of the comparison period and expectations. The share was quoted unchanged at 2.09 euros.
Shipping company Tallink’s operating profit decreased. According to the company, the result of the second quarter of the year was affected by the reduced leasing of the company’s ships. Three of the company’s vessels were leased out at the end of the second quarter of 2024, while seven vessels were leased out in the corresponding period last year.
The share was down almost two percent.
Source: www.arvopaperi.fi
