On the Helsinki stock exchange, the OMXH general index was quoted at the end of Thursday with a rise of 0.3 percent to 9,747.23 points.
Earnings publisher Neste’s rapid fall was stopped and the stock finally managed to rise 4.7 percent to 18.12 euros.
Also a techno company Nokia perked up during the day and it ended with a plus of 3.9 percent to 3.54 euros. Forestry companies continued to decline.
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. 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.
Vaisala’s operating profit grew stronger than expected. New orders also accumulated more than expected.
Vaisala was the most upbeat case on the stock exchange with an increase of almost 14 percent. The share was finally quoted at 44.50 euros.
“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.
You are married in the review, it is written that Vaisala was significantly stronger than expected across the board.
“Due to the strong performance, the company refined the guidelines upwards in terms of both turnover and operating profit. The operating profit doubled from a year ago, especially thanks to the strong sales margin and continued cost control.”
Packaging manufacturer Huhtamäki’s operating result improved slightly more than expected in the second quarter from the comparison period a year ago. Huhtamäki fell by 5.2 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.
Lamor’s turnover and operating profit fell short of the comparison period and expectations. The share was quoted with an increase of half a percent to 2.10 euros.
Shipping company Tallink’s operating profit decreased. According to the company, the result 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 fell by 3.6 percent to EUR 0.60.
Source: www.arvopaperi.fi
