A little before two in the afternoon, the general index of the Helsinki Stock Exchange was down 0.2 percent at 9883.01 points.
At the time of the review, the most traded stock was a forest company UPM, whose share was down 1.4 percent at 31.03 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, about half were falling and half were rising.
In addition to UPM, the invoice also included an accounting firm Talenom with 4.9 percent and a steel company SSAB with 3.5 percent.
Among others, the airline made the increase Finnair and a sauna company Rarely. Finnair’s share strengthened by 2.3 percent to 2.32 euros, and Harvia’s by about 2.0 percent to 38.75 euros.
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.
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.
At the time of the review, Aiforia’s share was down about 1.9 percent at 4.56 euros.
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.
At the time of the review, Kesko’s B share was down 0.9 percent at 16.58 euros.
IT company Tietoevryn adjusted ebita operating result for non-recurring items before intangible amortization was 78.3 million euros in April–June, compared to 72.9 million euros 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 was up 1.7 percent at 19.03 euros.
Contract manufacturer for the engineering industry compound released 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.
Componenta’s share was up 2.4 percent at 3.05 euros.
Source: www.arvopaperi.fi
