The Helsinki Stock Exchange, which has been in a good uptrend, has been sawing down on Thursday, but in the afternoon the price development is declining. At 2 pm, the general index OMX Helsinki was down 0.3 per cent.
In the stock market, investors have been plagued by the rapidly rising consumer and producer prices in the United States, as well as the reactions of central banks to it. U.S. Federal Reserve Chairman Jerome Powell assured Congress yesterday that the economic situation could not yet withstand the unwinding of the stimulus.
Today, their results have been announced Basware, F-Secure, Finnair and Sotkamo Silver. Later in the afternoon, a fishing gear company that issued a positive earnings warning is received Rapala VMCnumbers.
Finnair’s loss pipeline continues
The airline Finnair’s comparable result for the second quarter was a loss of EUR 151 million, while analysts had expected a smaller loss of 146 million. The company again raised its permanent savings target to EUR 200 million from the EUR 170 million confirmed in April.
Finnair estimates that the monthly operating cash flow will turn positive by the end of 2021. The company’s share price decreased by 2.3 percent to EUR 0.651.
Sotkamo Silver’s operating profit rose to SEK 16 million in April-June from a loss of 22 million in the comparison period a year ago. The mining company repeated the production guidelines for 2021 and forecasts to produce 1.45 to 1.75 million ounces of silver.
Managing director Erkki Kuronen according to the prospects for silver and other metals in the silver mine are “good”.
Sotkamo Silver’s share price rose 3.4 percent to EUR 0.277.
The security company F-Secure’s April – June interim result was better than expected in terms of revenue growth. Instead, the earnings line weakened correspondingly more than analyst forecasts. The share price decreased by 2.6 percent to EUR 4.30.
Basware’s result slightly exceeded expectations for April-June. The company maintained the guidelines for the whole of 2021 unchanged: operating profit at about the same level or better than in the previous year. Managing director Klaus Andersenin according to, net sales, profitability and order intake for new sales developed well.
According to the CEO, order intake was still affected by the prudence in the business environment, but less than what the company has seen before.
Basware’s share price fell 2.5 percent to EUR 38.80.
The evaluation of the financial arrangement continues and Evli is on the rise
Share prices for Evli, and in particular Fellow Finance, rose sharply on Wednesday as the companies announced arrangements in which Evli’s banking operations will be transferred to Fellow Finance, which will become Fellow Bank, after a few steps. Investors have continued to evaluate the agreement today, based in part on Inderes ’analyzes.
Evlin the target share price increased In Inderes To EUR 24.5 from EUR 21.0. The House of Analysis repeats the more recommendation. Fellow Finance the target share price for Inderes will rise to EUR 4.2 from EUR 3.8. Analysts lower the recommendation to the reduce level from the increase level.
In the afternoon, Evli’s share price rose 2.1 percent to EUR 24.30, but Fellow Finance’s share price fell 7.4 percent to EUR 3.86. On Wednesday, Evli’s share rose nearly 9 percent and Fellow Finance’s share about 14 percent. Evli’s share price has risen by a total of about 26 percent every day this week.
Valmet supplies to China
Engineering company Valmet says it will supply a semi-chemical pulp production line to the Chinese company Lee & Man Paper Manufacturing. The order will be delivered to the company’s factory in Chongqing. The order is included in Valmet’s second quarter orders. The value of the order is not disclosed, but the price range for a similar project is usually EUR 10-20 million.
Valmet’s share price rose 1.2 percent to EUR 37.56
on nostalgia Oriolan the share recommendation to the reduce level when the previous recommendation was selling. The target price rose to EUR 1.90 from EUR 1.80. The price of the company’s B share increased by 0.1 per cent to EUR 1.90.
OP raised the SRV share recommendation to the increase level from the reduce level and the target price to EUR 0.80 from EUR 0.70. The share price rose 2.2 percent in the afternoon to EUR 0.70.
Source: Arvopaperi by www.arvopaperi.fi.
*The article has been translated based on the content of Arvopaperi by www.arvopaperi.fi. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!