The general index of the Helsinki stock exchange saw throughout the day close to the previous day’s closing level, but finally ended with a decrease of 0.2 percent to 9678.57 points.
Investors absolved Duellin for the result as well Orion’s and Vaisalan for positive result alerts.
The most traded stock of the day was the network company Nokia, whose share price fell by 3.1 percent to 4.3515 euros. Investment banking giant Goldman Sachs lowered its investment recommendation on Nokia’s stock to the level of sell, after the previous one was neutral. The target price of the share estimated by the investment bank was still EUR 3.50.
Vaisala and Orion surprised even themselves
Known for its measuring devices Vaisalan’s share price rose by 7.2 percent to 50.40 euros.
Vaisala said that the operating result for 2024 was better than expected. At the same time, the company announced preliminary preliminary data for the fourth quarter of 2024.
According to preliminary unaudited data, Vaisala’s operating profit for 2024 was EUR 83 million and turnover was EUR 565 million. The operating result exceeded the company’s October guidance range of 68–78 million euros. The turnover hit close to the upper edge of the EUR 540–570 million guideline range.
According to the company, the operating income of both business areas in the fourth quarter of 2024 was boosted by a higher-than-expected turnover and successful cost management.
Orion gave its own post on Wednesday close to the closing time of the stock exchange. Orion’s share price already rose by 3.7 percent on Wednesday, but there was still enough momentum for a 7.0 percent price increase on Thursday. The company said that the turnover and operating result at the end of the year were better than expected.
Importer of motor sports Duellin turnover increased in September–November more than analysts’ expectations. The company’s share price rose by 9.65 percent to 7.40 euros.
Forest Board told about his intentions to close the Tako cardboard factory in the heart of Tampere. The purpose is also to make Kyro’s cardboard factory more efficient. The price of the B share fell by 1.6 percent to 4.246 euros.
Trade group Kesko reports December sales figures. Comparable sales increased by 3.9 percent from the comparison period. The price of Kesko’s B share rose by 1.0 percent to 17.645 euros.
A software company Etteplan said that it had bought a German product development company focused on the electrification of transport and the development of motor technology Novacon Powertrain GmbH,’s entire share capital. The purchase price to be paid in cash is not disclosed.
Etteplan’s share price rose by 3.5 percent.
Target price and recommendation changes
Inderes raised Wittedin from the buy level of the stock recommendation to the add level. The target price is still EUR 2.00. The share price rose by 5.3 percent to 1.58 euros.
On Wednesday, Inderes calculated that it had issued a profit warning Sotkamo Silverin target price to 1.00 kroner from 1.4 kroner. At the same time, the recommendation dropped to the level of a decrease, while the previous one was more. The share price fell by 3.5 percent to EUR 0.089 on the Helsinki Stock Exchange.
Source: www.arvopaperi.fi
