STOCK EXCHANGE: Up day on the Helsinki Stock Exchange – Valmet reached a flight of almost 12 percent

On Wednesday, the general index of the Helsinki Stock Exchange ended up 0.4 percent to 10,163.99 points.

The most traded stock of the day was the bank Nordeawhose share ended up down 2.3 percent to 10.44 euros. Among the twelve most traded stocks, most were in an upward direction.

The rise of the day dragged Trainingwhose share ended with an increase of 11.7 percent to 28.23 euros.

The engineering group Valmet announced on the night between Tuesday and Wednesday that it will deliver to the Brazilian Araucolle an entire pulp mill, which also includes the mill’s automation and flow control solutions.

According to Valmet, the value of the order is more than one billion euros. It is expected to be included in the company’s orders received in the fourth quarter of 2024.

Among other things, a pharmaceutical company was also on the rise Orionwhose more traded B share ended with a 5.8 percent increase to 49.77 euros.

Jefferies today raised Orion’s target price to 63.00 euros from the previous 46.00 euros and also changed the recommendation to a buy level from a previous hold level.

Bavarian and Orion’s jointly developed prostate cancer drug Nubeqa, sales are expected to be at best 70 percent more than before, or about 1.3 billion euros. Bloomberg’s according to Bayer’s background is a more optimistic view than before. The Jefferies analyst expects Nubeqa’s departure to also raise the company’s profit forecasts and improve its chances of paying a dividend.

In the downward direction, among others, Ruokatalo Appetitewhose share weakened by 3.3 percent to 13.35 euros.

Lemonsoft has a new CEO

Chemical company Kemira shared his new long-term financial goals. The new goals take effect immediately.

Kemira is now aiming for an average annual organic turnover growth of more than 4 percent, an operating margin of between 18 and 21 percent, and an operational return on invested capital of more than 16 percent.

Previously, the company was aiming for faster than market revenue growth, an operating EBITDA percentage of 15–18 percent. Previously, there was no target for operational invested capital.

On Wednesday, Kemira’s share ended with a decrease of about 2.0 percent to 22.06 euros.

Avaro Real Estate Investment informs the company’s financial manager and a member of the management team Hanna Aijälän to be removed from the company’s service.

Äijälä will leave the company on December 31, 2024. According to the company’s announcement, the company has launched a search for a new person responsible for financial administration.

Ovaro’s share ended up 1.0 percent higher at 3.91 euros.

A software company Lemonsoft’s appointed by the government Alpo Luostarinen as the company’s new CEO from September 25, 2024.

Founder of Lemonsoft Kari Joki-Holland has served as the company’s interim CEO since March 2024. He will continue as the company’s development manager and board member from September 25, 2024, focusing on developing the competitiveness of the product group.

Luostarinen has been employed by the company since 2021 and has worked until now as Lemonsoft’s director responsible for acquisitions and investor relations.

Lemonsoft’s share ended with a decrease of 1.6 percent to 6.25 euros.

Construction consulting company Sitowise announced that he had bought it Landpro Oy:n.

Landpro is specialized in land acquisition tasks for infrastructure projects, land acquisition tasks for solar and wind power projects, and environmental impact assessment and permit procedures for marine area projects. The purchase price was not disclosed.

Sitowise’s share ended with a 3.3 percent increase to 2.80 euros.

Mining and mineral company Afarak Group confirms the unexpected fatal accident with a stock exchange release. The accident occurred in Ilitha, South Africa on September 19, 2024.

According to the company’s press release, the investigation into the causes of the accident is currently underway on site, and additional information will be available once the investigations are completed.

Afarak Group expresses its deepest condolences to the employee’s family.

At the end of trading, Afarik’s share was up 0.2 percent at EUR 0.270.