The Helsinki Stock Exchange ended up falling on Friday, like many other European stock exchanges. The main index fell by 0.1 percent to 9,677.46 points.
The bright spot of the day was the discount store group Tokmanniwhich, with a better-than-expected earnings report, rose 15.4 percent on Friday with a turnover of 9.5 million euros.
The other two results publishers of the day ended up in the decline: Orthex fell by 2.8 percent and I will 1.9 percent.
However, the biggest decliner on the main list was the engineering department Cargotecwhich ended in a 7.0 percent decline with a turnover of just over nine million euros.
Cargotec said on Thursday evening that it had sold MacGregorin capital investor Triton’s for funds with 480 million euros.
The sale of MacGregor is part of the division of Cargotec into three companies. Cargotec will be left with a specialist in vehicle load handling Hiaband the company will probably change its name to Hiab in April next year.
Specializing in container handling and heavy logistics Kalmar separated from Cargotec in July and listed as an independent company on the Helsinki Stock Exchange. Kalmar ended up 1.4 percent lower on Friday.
On Friday, the most traded shares were Nordea (+1.0 %) and Nokia (-0,6 %).
Fuel company In thiswhich was on the rise for several days, persisted at the end of the week close to Thursday’s closing price.
Citycon will not issue a dividend next year
Real estate investor Cityconwhose previous CEO Henrica Ginstrom left the company in October after only five months, appointed someone from outside the company as the new CEO on Friday Oleg Zaslavskyn.
In the same context, on Friday evening, Citycon informed the management team about other changes, and announced that it will suspend the distribution of dividends next year. The purpose is to strengthen the company’s balance sheet and creditworthiness.
Citycon also said that its CFO Sakari Järvelä and the manager responsible for the rental business Jussi Vyyryläinen leave the company.
A new CFO has been appointed Eero Sihvonenwho previously served as Citycon’s CEO from 2005 to 2021.
Citycon’s share ended up 0.5 percent on Friday.
Lehto plans to apply to First North
A construction company undergoing renovation Lehto Group announced on Friday morning about his intention to apply for the transfer of shares from the main list to the First North marketplace.
Trading in Lehto’s shares has been suspended since the beginning of February, after the company filed for bankruptcy of its subsidiary and the parent company filed for corporate restructuring.
In August, Lehto said that he would focus his business on real estate energy solutions and electricity storage, and now announced new goals. The main goal for next year is to achieve a positive operating result and operating cash flow.
By the end of the current year, Lehto’s goal is to get the first electricity storage sites into production use. According to the company, new cash flow starts to accumulate from the projects as soon as they are completed.
Source: www.arvopaperi.fi
