STOCK EXCHANGE: Admicom is counting after the CEO’s sudden departure

The Helsinki Stock Exchange opened lower on Wednesday. The general index opened 0.1 percent down to 10,048 points.

In the most traded stocks Nokia had risen by 0.4 percent, while Sampo had decreased by 0.1 percent. Nordea was on the other hand down 0.3 percent.

A beverage company Olvi told about his result in the morning. Operating profit adjusted for non-recurring items was 29.8 million euros. Last year’s adjusted operating profit was 20.5 million euros. The share opened up 0.3 percent to 30.70 euros.

The company raised its guidelines on Monday. Olvi estimates the adjusted operating profit for the whole year to be 78-84 million euros, while previously the company estimated it would be in the range of 74-80 million euros.

“We have managed to improve profitability both through streamlining our own operations and through price and selection optimization”, CEO Patrick Lundell stated in the interim report.

A software company Admicom told that its CEO Petri Kairinen resign immediately.

Kairinen has been the company’s CEO since June 2022.

The company’s board has appointed the company’s CFO as Admicom’s temporary CEO One Helamon. Helamo will continue in the role of CFO in addition to the duties of interim CEO.

Admicom’s share opened down 4.3 percent to EUR 51.00.

Several changes to investment recommendations and target prices

The OP has calculated Kamuxin the target price to 4.30 euros from the previous 5.00 euros and keeps the recommendation at the add level. The share opened up 0.5 percent to 3.71 euros.

Terveystalo the target price at OP has been raised to 10.80 euros, while the previous target price was 10.50 euros. The recommendation remains unchanged at the add level. The share opened down 0.6 percent to 10.12 euros.

Kemira the target price has been raised to 23.50 euros from the previous 22.50 euros, and OP maintains the recommendation at the add level. The share opened down 0.7 percent to 21.74 euros.

Calamari OP has lowered the recommendation from buy level to add level, but the target price remains unchanged at 31.00 euros. The share opened up 0.2 percent to 27.86 euros.

Inderes has counted LapWallin from the plus level to the minus level of the recommendation, but the target price remains at 3.60 euros. The share opened 1.5 percent down to 3.34 euros.

Inderes has counted Enenton recommendation from increase level to decrease level, but the target price remains at 19.00 euros. The stock opened 0.5 percent lower.

Inderes has raised Atrium the target price to 11.50 euros from the previous 11.00 euros, and the add recommendation remains unchanged. The share was quoted with a gain of 0.5 percent at 10.25 euros.

Etteplan the target price has been lowered by Inderes to 12.50 euros from the previous 13.00 euros, but the recommendation has been raised from the add level to the buy level. The share opened up 2.4 percent to 10.60 euros.

Evli has lowered Etteplan’s target price to 12.00 euros from the previous 13.50 euros, but the buy recommendation remains unchanged.

Evli has raised Detection Technologyn the target price to 19.00 euros from the former 18.50 euros, and the buy recommendation is still valid. The share was quoted with a gain of 0.9 percent at EUR 17.00.