A quiet stock market day in Helsinki – Tulospetäjä Sanoma counts, Raisio rises


On Wednesday afternoon, the Helsinki Stock Exchange burst into a slight 0.2 per cent rise to 11,268 points.

At the top of the most traded shares Fortum and Nokia were a little plus, In this and a little minus.

Nokian Tires announced its interim results on Tuesday, and the reduced operating profit that fell short of forecasts disappointed investors.

The share fell six percent on Tuesday, and the decline continued by one percent below EUR 30.50 on Tuesday.

report their results on Wednesday F-Secure, Raisio, Message and delisting Ahlstrom-Munksjö.

Sanoma, whose interim result was clearly disappointing, was also reflected in a dozen of the most traded shares.

The company’s share decreased by three percent with the result to EUR 16.40.

Sanoma’s result decreased from the comparison period in October-December and even turned into a loss, but on the other hand, the company’s dividend is rising when the whole year was on an upward trend.

Sanoma’s result for the fourth quarter, excluding amortization of acquisition costs, was a loss of EUR 1.5 million. In the comparison period, the operating profit calculated excluding depreciation of acquisition costs was a profit of EUR 2.7 million.

Sanoma’s Board of Directors proposes a dividend of EUR 0.52, while for 2019 the company paid a dividend of EUR 0.50 per share.

Sanoma’s Board of Directors estimates that the company’s net sales in the current year would be EUR 1.2-1.3 billion and the operating profit margin excluding amortization of acquisition costs would be 14-16 percent.

Security company F-Secure surprised positively with its dividend, but the company’s EBITDA fell short of forecasts.

F-Secure’s adjusted EBITDA increased from EUR 6.8 million to EUR 7.3 million. Analysts’ expectations were higher, EUR 8.4 million.

The company’s future outlook was some kind of relief, as was the dividend. The company expects the adjusted EBITDA to remain close to the previous year’s level of EUR 35.7 million.

The stock gained a couple of percent gain from the news.

Raisio Food House, on the other hand, clearly announced positive earnings news. The company made an adjusted operating profit of 4.4 million in the fourth quarter of last year, compared to a forecast of 4.0 million euros. One year earlier, the operating profit was EUR 4.3 million.

For the current year, Raisio expects revenue growth to be driven by growing the oat business.

The modernization of Nokia’s mill, which was completed at the beginning of last year, has proved successful, and the company says that it has entered new export markets in the export of gluten-free oats.

Raisio’s share strengthened by a couple of percent to around EUR 3.70.

Ahlstrom-Munksjö, a delisting fibrous material manufacturer, improved its earnings briskly. Comparable EBITDA improved in all business areas.

Comparable operating profit increased to EUR 46.7 million in October – December from EUR 26 million in the previous year. The forecast was EUR 37 million. The share was not shaken any further, as the offer for the company is going through when the buyer consortium has already secured more than 90 percent ownership.

Analysis House Inderes made changes to the target prices of several shares. The main thing these were Tuesday’s earnings announcers.

Digian target price rose to EUR 8.4 However, the share continued to fall to EUR 8.10. Glass processing equipment Glastonin the target price Inderes tuned to 0.95 euros. The company’s share rose by almost four per cent to just under EUR 0.90.

Among other things, the cent share was at the top Trainers’ House and software house Hedgehog Solutions.


Source: Arvopaperi by www.arvopaperi.fi.

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