On Tuesday, the OMXH general index of the Helsinki Stock Exchange ended with a 0.9 percent increase to 9,949 points.
The rise in the most traded stocks was extensive, and especially machine shops such as Roots (+3.4 %) and Training (+2.0%) were on the rise.
IT service company Innofactorista made a purchase offer Good luck Bidco -buyer consortium received approvals for its purchase offer, according to the preliminary results, corresponding to an 81.14 percent share of Innofactor’s entire share capital. The buyer consortium includes Innofactor’s CEO, founder and major owner Sami Ensio, Capmanin capital fund as well as Osprey Capital. The buyer consortium intends to implement the purchase offer, even though the minimum acceptance requirement of 90 percent is not met. The final result of the purchase offer is estimated to be received on Thursday, and the consortium plans to extend the post-bid period from Thursday until October 3rd. The consortium has offered Innofactor’s owners EUR 1.68 per share. On Tuesday, Innofactor’s share rose by 0.6 percent to 1.675 euros.
On Tuesday, we saw two earnings warnings, when the IT service company Hedgehog Solutions and a marketing services company Rebl Group weakened their guidelines for this year.
Siili ended up near the bottom of the stock market with a slide of 5.8 percent. The company now estimates that the turnover for 2024 will fall in the range of 106–116 million euros and the adjusted ebita result at 4.5–6.5 million euros. The previous guidance expected a turnover of 120–140 million euros and an ebita income of 7.5–10.5 million euros. The background was, among other things, customers’ slow decision-making and public sector austerity measures.
Rebl expects the turnover of continuing operations to remain at last year’s level and the operating result to improve from the level of 2023. Previous guidance predicts that both turnover and operating profit will improve. The sales of digital services and visibility business have been weaker than the company’s expectations. No trades were made on Rebl Group shares on Tuesday.
Started on the stock exchange a week ago Solar Foods continued after Monday’s sharp drop on Tuesday, at the top of the decline with a six percent slide on Tuesday. The closing price of EUR 8.60 is barely above the EUR 8.50 level of the previous funding rounds.
Carbon nanotube technology Canate took Lifeline Spac I:n after the merger of the stock exchange took place. On Tuesday, Canatu’s share fell by 0.8 percent to 12.90 euros.
Engineering works Konecranes (+2.0%) received during the current quarter CMA CGM Kaohsiung Terminal Co. Limited -company for an order for five hybrid rubber wheel container cranes for handling containers in Taiwan’s main port. The cranes will be delivered in mid-2025. Konecranes did not say the value of the order.
Sauna company Harvian A block trade of 4.46 million euros was made with the shares on Tuesday, when 107,714 shares changed hands at a price of 41.45 euros per share. The block corresponded to six times the average daily turnover of the share during the last 20 trading days. At the end of August, Harvia’s 15 largest Finnish owners owned at least a block’s worth of shares. As on Monday, Harvia’s course ended at 41.05 euros.
Correction: Corrected on September 17, 2024 at 7:14 p.m. The amount of ownership initially acquired by the buyer consortium seeking Innofactor is 81.14 percent. The 51.25 percent read earlier in the story only applied to shares acquired in the takeover bid. In addition, the consortium has acquired shares before the offer period or otherwise than with a purchase offer.
Source: www.arvopaperi.fi
