The Helsinki Stock Exchange slowed down towards the evening – Solidium refueled Valmet and Konecranes


On Friday, the Helsinki Stock Exchange struggled in the afternoon, but the sharpest rise was reversed when Wall Street stock market indices started to fall again.

At the end of the week, the OMXH general index was still up 0.7 per cent by 10,825.9 points.

Of the dozen most traded on the Helsinki Stock Exchange, the sharpest increases were Fortum An increase of 3.0%, Kone An increase of 3.1% and Nokia 0.5% lift. At the top Shampoo decreased by 1.0 percent

Solidium stores

State investment company Solidium said it had bought a engineering company for 14.3 million euros Valmetin shares.

Solidium has been by far Valmet’s by far the largest single shareholder before the new deals, and big deals have been seen earlier this spring. As a result of the new transactions, it already owns approximately 17.92 million shares in the company, just over 10 percent of the share capital. The total value of the ownership pot is more than 460 million euros.

Valmet’s share was down 0.2 percent.

Solidium’s holding in Konecranes was also reported to have increased to more than 10 percent. Konecranes’ share was down 1.0 percent.

Piippo gave the results

Piippo reported preliminary figures for the first half of the year on Friday.

According to the company, net sales increased during the period to EUR 11.2 million and operating profit to EUR 0.2 million. In the comparison period, net sales were EUR 7.5 million and the result was slightly positive, EUR 31,000.

The company’s net sales improved due to higher delivery volumes and prices. The company significantly increased its delivery volumes in its main product groups in baling net and yarn.

Contrary to the company’s previous estimate, net sales will increase clearly for the entire financial year. Piippo will publish its official semi-annual report on May 24, 2022.

Piipo’s share was up 25.9 percent on a modest daily turnover.

Electronics company Enedo said it had agreed on a new shareholder loan agreement and planned to hold a share issue. The company’s cash position has been challenging due to component shortages and rising inventory levels caused by a strong order backlog.

Enedo’s share was down 0.3 percent.

Construction company Lehto Group said on Friday morning that it had agreed on a new financing solution with Nordea and OP.

The total value of the financing solution for the company is EUR 50 million. As part of the financing solution, Lehto intends to sell its plumbing repairs business, which the company has previously announced. The company now estimates that it will receive EUR 29 million from the sale.

Lehto’s share was 0.4050 euros in the previous day’s closing readings.

Metso Outotec has received a € 33 million pellet plant order from Oman. The order is recorded in the order backlog for the current quarter.

Metso Outotec’s share was up 1.3 percent.

The married said it had started a consulting firm on Friday Dovre Groupin monitoring.

Previously, Dovre was completely out of analyst tracking. Evli gave the company a target price of EUR 0.70 and a buy recommendation. Evli estimates that Dovre’s current valuation level is attractive.

Dovre’s share was up 2.7 percent.


Source: Arvopaperi by www.arvopaperi.fi.

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