Earnings advisors Relais and Eezy fell in price on the rising stock market

Monday was an up day on the Helsinki Stock Exchange. The general index OMXH rose by 0.6 percent to 10,957.65 points.

The most traded stock was Nokia which increased by 0.7 percent to 5.12 euros. Liquid the share fell 0.1 percent to 48.31 euros, the second most traded share on Monday. Nordic the share rose 0.4 percent to 9.76 euros, becoming the third most traded.

Industrial maintenance company Viafin made an ebita operating profit of 1.1 million euros on a turnover of 24.4 million euros in the second quarter of the year.

A year ago, the ebita operating profit for April-June was 1.1 million euros and the turnover was 14.5 million euros. Analysis company Inderes expected an ebita operating profit of one million euros from the company on a turnover of 15.8 million euros. Viafin’s share rose 2.5 percent to 14.45 euros.

Media Group Ilkan the second quarter was worse than analyst expectations. The turnover and the operating profit of own operations fell short of the analysts’ forecast. Ilka’s share rose one percent to 4.09 euros.

Orion’s developed darolutamide received a new approval from the US FDA. The FDA has approved the use of darolutamide in combination with docetaxel as an additional indication in the treatment of hormone-sensitive metastatic prostate cancer. Orion’s more traded B share came down 0.5 percent to 46.26 euros.

Result warnings from Relais, Netum and Eezy, new instructions from Ponsse

Developer of the electrical equipment and spare parts business for vehicles and business organizer in the field Group Relay warned that its profitability in the first half of the year was significantly lower than the year-ago comparison period and announced its preliminary figures from the second quarter.

The company’s EBITDA in April-June was 4.2 million euros, compared to 5.4 million euros a year earlier. Turnover increased to 58.6 million euros from 52.2 million euros a year ago. The Relais share fell by 17.2 percent to 13.25 euros, the heaviest faller of the day.

IT service company Networks lowered its guidance for the current year in terms of profitability. The company’s management estimates that ebita will be around 12-14 percent of turnover this year, while previous guidance expected it to be more than 14 percent of turnover. Ebita means operating profit before depreciation of goodwill. Netum’s share fell by 1.2 percent to 4.03 euros.

Staffing company Eez lowered its 2022 outlook for profitability. According to the new guidelines, Eezy expects turnover to increase and operating profit to be 5–6 percent of turnover in 2022.

According to the company, the basis of the new guidelines is the weakened general economic outlook and the higher-than-normal sick leave caused by the COVID-19 epidemic. Eezy’s share fell 10.9 percent to 4.85 euros, the second biggest decliner of the day.

Ponsse issued new profit guidance, according to which the company estimates that the operating profit in euros in 2022 will be at the same level as the comparable operating profit from continuing operations in 2021.

According to the previous guidance, due to the suspension of Russian exports, the availability challenges of parts and components, and strong inflation, the operating profit in euros is estimated to be significantly weaker in 2022 than in 2021.

Earlier in the day OP lowered Ponsse’s target price to EUR 29.00 from the previous EUR 30.00 and reiterated the add recommendation. The Ponsse share rose by 4.5 percent to EUR 27.00.

Recommendation changes

OP news Actian target price to 12.50 euros from the previous 11.50 euros and reiterated the buy recommendation. Inderes, on the other hand, raised Aktia’s target price to 11.00 euros from the previous 9.50 euros and the recommendation to a buy level from the previous add level. Aktia’s share rose 4.4 percent to 10.34 euros.

ON lasski Bittium target price to 5.70 euros from the previous 6.00 euros and reiterated the add recommendation. Bittium’s share fell by 0.4 percent to 5.01 euros.

ON lasski The grove target price to EUR 0.30 (previously EUR 0.45) and repeated the sell recommendation. Lehto’s share rose 1.9 percent to 0.38 euros.

OP news Scanfilin recommendation to buy level (more time) and reiterated the target price of EUR 8.00. Scanfil’s share fell by 0.3 percent to 6.74 euros.

Source: Arvopaperi by www.arvopaperi.fi.

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