On the Helsinki Stock Exchange, Kone’s share weighed on China’s concerns


The OMXH general index on the Helsinki Stock Exchange eventually fell by 1.1 per cent to 10,516.04 points.

Of the dozen most traded, they fell the most Metso Outotec , Kone and Wärtsilä .

The most traded was the Kone share. The elevator company’s decline eased during the day, but remained at a decrease of 5.4 per cent to EUR 44.74. The turnover amounted to approximately EUR 65 million.

Goldman Sachs and Berenberg decreased the Kone share recommendation. Both point to China’s headwind and slowing economic growth.

Goldman Sachs lowered its Machine recommendation from the neutral level to the sell level. The target price decreased to EUR 44 from EUR 52.

Berenberg lowered his recommendation from buy-to-hold. The target price decreased to EUR 50 from EUR 56.

NoHo Partners raised its guidance for 2022 for the restaurant business. The company estimates that it will achieve a turnover of approximately EUR 300 million and a profit margin of more than 8% in the restaurant business.

NoHo rose 1.3 percent to 8.00 euros.

Rhombus issued new guidelines for 2022. The company’s operating result will remain significantly negative and below last year’s level. The company canceled the instructions in early March. Raute’s profitability in the first half of 2022 has been negatively affected by the downsizing of orders delivered to Russia.

Raute’s share fell 0.8 percent.

Fish farming company Fifax went into a sharp plunge and went to the Helsinki Stock Exchange for 0.81 euros after being notified of the IHN disease. The listing is the lowest in the company’s stock market history. In the end, the decline was corrected and the share fell by just over one percent to EUR 1.00.

“Due to the infection and the measures caused by it, the achievement of the full fish stock and the full production level in line with the capacity of the Fifax plant will be delayed,” the company says.

The company promises to announce the updated targets as soon as possible. The deadly disease caused by the IHN virus is a legally serious, serious fish disease.

“Fifax is working with the authorities to identify a possible source of the infection that is not known at this stage. IHN was last diagnosed in Åland last year. ”

Alcohol company Anora announced the acquisition of a Danish wine company Globe Wines At a purchase price of EUR 80 million. The acquisition strengthens Anora’s position as the leading wine house in the Nordic countries.

Engineering Group Valmet announced the delivery of two Valmet IntelliTissue 1600 tissue machines to China. The order is included in Valmet’s orders received in the second quarter of 2022. The total value of an order of this type and scope is typically approximately EUR 6-8 million.


Source: Arvopaperi by www.arvopaperi.fi.

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