On Tuesday, the Helsinki stock exchange ended with a decrease of 0.9 percent to 9818.94 points.
The most traded stock of the day was a forest company UPM-Kymmenewhose share ended up down 3.6 percent to 30.33 euros.
Today, UPM published its interim report for the second quarter, which fell short of analysts’ expectations despite the improvement in earnings.
UPM’s comparable operating profit was EUR 182 million in April–June, compared to EUR 114 million a year earlier. The analysts’ consensus expected the company’s comparable operating result to rise to 202 million euros.
UPM’s turnover remained almost unchanged. The company’s turnover in the second quarter was 2,546 million euros, while in the comparison period it was 2,558 million euros.
On Tuesday, the company also announced that it has focused on sticker materials UPM Raflatac buy a Belgian Grafitypin to accelerate its growth in graphic sticker materials. The parties have agreed that the purchase price or other details of the transaction will not be made public.
Among the twelve most traded stocks, most were in a downward direction at the end of trading.
In addition to UPM, the bill also included a steel company SSAB with 5.3 percent and an accounting firm Talenom with 4.9 percent.
The rise was made by, among other things Finnair and results publisher compound. At the end of trading, Finnair’s share was up 2.7 percent and Componenta’s was up 2.0 percent.
Rarely in business transactions
Harvia said on Tuesday that he had signed the contract ThermaSol Steam Bath LLCof buying the entire stock of . The purchase price is 30.4 million US dollars.
In 2023, ThermaSol’s turnover was 14.4 million US dollars. Harvia will finance the acquisition with a one-time short-term loan of 20 million euros and from its cash resources.
On Tuesday, Harvia’s share ended up 1.7 percent to 38.65 euros.
The hospital district of Castilla y León in Spain has chosen a software company by Aiforia Technologies as a partner for artificial intelligence-assisted diagnostics.
The total value of the contract for Aiforia is around 500,000 euros for three years. The cooperation includes the use of Aiforia’s artificial intelligence software, e.g. in the analysis of tissue samples from breast, lung and prostate cancer patients.
On Tuesday, Aiforia’s share ended at 4.65 euros at yesterday’s close.
Today, the results season continued with the results of three other listed companies in addition to UPM. They published their interim report on Tuesday compound, Kesko, Tietoevry and UPM-Kymmene.
The net sales of trading group Kesko fell to 3,093.4 million euros from 3,104.7 million euros in the comparison period last year. by Vara Research according to the average of the analysts’ consensus forecast, the analysts were expecting a turnover of EUR 3,072.5 million.
The company’s comparable operating profit fell to 178.3 million euros from 207.6 million euros a year earlier. Analysts predicted an operating profit of 181.3 million euros, and the forecast range was 172.7-181.0 million euros.
Kesko’s B share was down 0.2 percent at EUR 16.70 at the end of trading.
IT company Tietoevry’s one-time adjusted ebita operating result before intangible amortization was EUR 78.3 million in April–June, compared to EUR 72.9 million in the same period last year.
The turnover for the second quarter was 715 million euros, while the analyst consensus was 714.9 million euros.
Both the result and the turnover met analysts’ expectations.
Tietoevry’s share ended up 0.5 percent to 18.81 euros.
Componenta, a contract manufacturer for the engineering industry, published its second quarter results on Tuesday.
The company’s turnover fell to 26.4 million euros in April–June, while the corresponding figure in the comparison period last year was 29.5 million euros. Operating profit fell to 0.7 million euros from 1.1 million euros in the comparison period.
Bank Societe Generale increased its holdings Nokian Tires to 8.36 percent. Previously, the ownership was 3.12 percent.
The announcement about breaking the limit of more than 5 percent was made as a result of share transactions made on July 18.
The share of Nokian Tires ended up down 2.5 percent to 7.71 euros.
Photovoltaic technology company Value informs that he has paid his debt Mutual Pension Insurance Company for Ilmarinen.
As a result of the debt payment, Ilmarinen has withdrawn Valoe’s bankruptcy application. Valoe’s restructuring procedure continues.
Trading in Valoe shares has been suspended.
Source: www.arvopaperi.fi
