The decline of the Helsinki stock exchange strengthened – Citycon slips, Nanoform got a boost from the interim report


In the morning, the general index describing the price development of stocks on the Helsinki Stock Exchange started to fall by 0.1 percent. During the day, the index was 0.5 percent lower compared to Friday’s closing reading, i.e. at 9628.3 points.

Of the twelve most traded stocks only Nordea and Fortum were on a gentle rise. Exceptionally, a real estate investment company was among the most traded shares Citycon.

The company’s share was down 4.4 percent at 3.39 euros.

The real estate investor said on Friday that it would suspend the dividend distribution in order to strengthen its balance sheet. In addition Oleg Zaslavskyn was said to become CEO. The management ladder was more widely reshuffled.

Nanoform and Solteq the bright spots of the day

A health technology company Nanoform published its interim report today. The turnover of the company investing in growth was 0.8 million euros in July-September, while in the third quarter of last year it was 0.6 million euros.

EBITDA remained at the previous year’s level and was EUR 4.4 million in loss. The operating profit decreased to 5.2 million euros from 5.1 million euros.

During the previous six partial years, Nanoform’s turnover decreased, but a recent review gave indications of a positive development. The share was up 1.8 percent at 1.15 euros.

IT service and software company Solteq said that its Danish subsidiary is selling the business based on healthcare software solutions for a net debt-free purchase price of four million euros.

Last year, the turnover of the business subject to the sale was 1.8 million euros.

Solteq’s share was up 8.3 percent at 0.66 euros.

Kamux’s CFO is leaving

Selling used cars Kamuxin CFO and member of the management team Jukka Havia leaves the company to move to another employer. He will continue at Kamux until the beginning of May.

Kamux’s share was down 2.7 percent at 3.24 euros.

Marketing company Rebl Groupwhich was previously known as PunaMusta Media, said the group’s subsidiary Exov to initiate change negotiations, which include 61 people from product and technology services.

The number of personnel reductions is a maximum of nine people, in addition to which there are layoffs in the toolbox. Annual savings of approximately 1.0 million euros are sought through the actions.

The company’s share was down 0.8 percent at 1.28 euros.

IT service company Hedgehog Solutions buys 51 percent Finnish Integrations Groupin of the stock. The company to be bought employs 13 people and last year its turnover was 2.3 million euros and operating profit 0.4 million euros.

Siili’s share was down 1.6 percent at EUR 6.00.

Source: www.arvopaperi.fi