After three, the overall index was 1.1 percent on the plus side.
The top of the stock exchange was led by an identification technology company Nordic ID. The company announced that it has entered into a two-year agreement with Fast Retailing, the backing company for the Japanese clothing brand Uniqlo.
The agreement concerns the supply of RFID technology in 2021-2022 to the clothing brand’s own and franchise stores.
The shares were quoted an increase of 26.2 percent.
Computer Network Company Nokia was up 7.7 percent without new releases. The stock rose sharply earlier in the year as market interest in the company woke up, driven by the Reddit community’s wallstreetbets channel.
Caverion reported that Caverion has been confirmed by the Finnish Competition and Consumer Authority Maintpartnerthe conditions for the size of the divestment related to the transaction have been met.
As a condition of approving the transaction, KKV required Caverion to sell part of the business of its industrial division. The share to be sold corresponded to approximately 6.5 percent of the industrial division’s net sales in Finland after the transaction.
Nordea Bank announced that it was seeking significant authorization from the Annual General Meeting to repurchase its own shares. The Board is seeking authorization to repurchase up to 500 million shares, corresponding to 12.35 percent of the share capital.
Restaurant company NoHo Partners said that it would start co-operation negotiations for all its staff due to the closure measures.
The co-determination negotiations cover the entire Group’s personnel, ie approximately 1,250 people in Finland. In addition, the effects of the restaurant restriction measures are indirectly reflected in the company’s approximately 2,000 temporary employees.
Negotiations can lead to staff layoffs and layoffs, either full-time or part-time.
Contract manufacturer of metal components compound said its restructuring program, which began in August 2017, ended prematurely.
Thursday is another busy earnings day
On Thursday, several companies on the Helsinki Stock Exchange presented their financial statements. He had told his figures after three Relais Group, Reka Industrial, Solteq, Bilot, Dovre, Enersense, Ilkka-Yhtymä, Tallink Group, Altia, Effects, Ovaro Real Estate Investment mixed Solteq.
Ovaro’s fourth quarter of 2020 went weak. The company’s operating result (epra result) was a loss of EUR 67 thousand. One year earlier, the operating result was EUR 47 thousand.
Dovre Group made an operating profit of EUR 1.2 million in July-December 2020. A year earlier, operating profits amounted to EUR 2.2 million. The company justifies the decline due to a temporarily slowing demand due to the interest rate pandemic and the negative impact of exchange rates.
Reka Industrial’s operating profit increased to EUR 4.5 million in 2020 from EUR 0.4 million in the previous year. Managing director Jukka Poutanen according to the corona pandemic has not significantly affected the demand in the cable industry.
The second half of the year, the IT service company Bilot, performed better than at the beginning of the year. The first year of the company, which was listed on the First North list a year ago, was so deep when the pandemic delayed customers’ investments.
Bilot’s net sales in July-December increased to EUR 10.13 million from EUR 8.74 million in the comparison period of the previous year, but operating profit decreased to EUR 304 thousand from EUR 845 thousand in the comparison period.
The operating profit of the spare parts company Relais Group was EUR 7.4 million in July-December. At the same time a year ago, it was 5.7 million euros. According to the company, sales in the second half of the year were very strong overall, with sales in the light season even record-breaking.
Efecte, which provides cloud-based software services, adjusted its operating result in October-December to EUR 41,000 from EUR -0.3 million a year ago. However, the whole year was unprofitable – albeit considerably less than in the previous year. The company expects SaaS revenue to grow 20-24 percent this year.
Altia’s net sales decreased to EUR 106.5 million in October-December from EUR 110 million. Comparable EBITDA decreased to EUR 19.0 million from EUR 19.7 million.
The shipping company Tallink Group’s operating profit was a loss of EUR 24.2 million in October-December. In the comparison period, the operating result was EUR 9.0 million.
In the fourth quarter of 2020, Solteq made a comparable operating profit of EUR 2.0 million. A year earlier, comparable operating profit was EUR 0.9 million. According to the company, the impact of the pandemic on business was minor.
The adjusted operating profit of Ilkka-Yhtymä’s own operations was EUR 778,000 in October-December, compared to EUR 689,000 in the comparison period.
Market reactions for earnings announcers were mainly negative.
Piipon is due to report his figures later in the evening.
Source: Arvopaperi by www.arvopaperi.fi.
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