Nordea is on the decline along with the Eurobanks


The OMXH general index of the Helsinki stock exchange was down 0.5 percent in the afternoon, while the rate of decline had been 1.0 percent in the morning. The index stayed below 10,000 points last week, and was at 9,885 points on Monday afternoon.

The stock exchange’s most traded stock was Nordea , whose rate was down 2.2 percent. The European banking sector was broadly in ugly decline on Monday.

The market has widespread mistrust of the Swiss financial house Credit Suisse towards. The company has run into problems, especially due to credit losses in its investment banking wing. Credit Suisse’s credit default swaps (CDS) became more expensive last week already. This indicates increased fear in the market about the sustainability of the company’s financial situation.

Other most traded stocks on the Helsinki Stock Exchange UPM and Stora Enso were in the best mood, with increases of 2.6 percent and 1.6 percent.

Noholta poseri

Restaurant chain Living Partners and a drug dealer oriola changed their guidelines on Monday.

With the positive earnings warning, Noho Partners estimates that its turnover will exceed EUR 300 million and the operating profit margin of the restaurant business will exceed 8.5 percent.

In the previous guidelines, the turnover was estimated to accumulate around 300 million euros and the operating profit margin to exceed 8.0 percent.

Oriolan and Euroapothecan the pharmacy arrangement was completed. At the same time, Oriola updates its outlook for the current year.

Euroapotheca pays Oriola Kronan’s Apothecary a cash consideration of around 24 million euros as a one-time payment, so that the ownership of the joint venture would be divided equally.

At the same time, Oriola will change its 2022 guidelines to match the arrangement. In its new outlook, it estimates that the adjusted operating profit of continuing operations is estimated to increase from last year, when it was 14.9 million euros. In Oriola’s previous outlook, the comparable adjusted operating profit was estimated to increase from last year, when it was EUR 26.3 million.

Noho’s rate was up 4.9 percent. The price of Oriola’s most traded B share had fallen by 2.2 percent.

Boreon owned by Floby New Car Workshop carried out by the previously announced Swedish painting service company Lackmästarn acquisition. Boreo’s course was down 3.9 percent.

Brimstone carried out further investigations in the mining area of ​​its Suomussalmi factory. The previous estimate of the area’s mineral reserves was increased by 10 million tons.

According to a new estimate, the probable mineral reserves of the Haapose talc deposit are 22.3 million tons and their average talc content is 44.4 percent. Previously, the probable mineral reserves were estimated at 12.3 million tons. Tulikivi’s share was up 5.7 percent.


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!