STOCK EXCHANGE: Duell and Admicom opened the earnings season encouragingly

The results season opened on Wednesday at the Helsinki Stock Exchange when Admicom and duel published their results report. The bigger rush starts next week.

The Helsinki Stock Exchange’s general index OMX Helsinki ended up 0.4 percent higher at 10165.17 points.

Innofactor, which was the target of the purchase offer, exceptionally rose to the top of the most traded shares, when 52 percent of the share capital changed hands for more than 30 million euros in a transaction carried out through the stock exchange. The details of the deal have not been announced, but only members of the buyer consortium have been able to complete such a large deal

Vaihtokarje’s shares made me happy Nokian A 2.5 percent increase of more than four euros to 4.0805 euros.

Late Tuesday night Citycon announced that the CEO Henrica Ginström to leave his position immediately, after only five months. On Monday evening, the real estate investor had issued a profit warning

The vice chairman of the board and the company’s previous CEO have been appointed as interim CEO F. Scott Ball. Citycon’s share price fell by 1.1 percent

Admicom and Duell received investor support for their results

A software company serving the construction industry Admicom will report its results for the third quarter of the Helsinki Stock Exchange in the morning. The result still fell short of the comparison period in a difficult market, but continuous annual invoicing increased. The company kept its instructions unchanged.

Admicom’s share price rose by 3.9 percent to EUR 53.00

In its results announcement, Duell, a motor sports wholesaler, reported on the improvement in profitability.

Duell expects that demand in the next 12 months will be slightly better than in the comparison period, but there may be variations by product category. In addition, Duell expects organic currency-adjusted net sales to be at the same level or higher than the previous year.

In addition, the company said that it plans to combine shares, i.e. a so-called reverse split. The matter will be discussed at the next general meeting.

Duell’s share price rose by 5.7 percent to 0.0409 euros.

Talenom warned, change negotiations also started at Kemira

Accounting firm Talenom issued a profit warning, and lowered its guidance for turnover, EBITDA and operating profit.

Talenom’s share price fell by 11.4 percent to 4.34 euros.

Talenom justifies the decrease in guidance by the fact that the prolonged downturn in the Finnish economy has affected the company’s turnover more strongly than estimated, and in addition, the company has made fewer acquisitions than planned. Talenom also said it decided to update its strategy to accelerate growth and make it even more scalable. The company said that it will start change negotiations, which will affect approximately 180 people in Finland, and they may lead to the termination of a maximum of 35 employment relationships.

Kemira announced in August that it was planning a new operating model and organization to enable profitable growth and a transition towards more sustainable operations. As part of these plans, Kemira will initiate change negotiations, which may lead to the termination of the employment of up to 40 people.

Kemira’s share price rose by 0.9 percent to 22.30 euros.

Multidisciplinary company At least subsidiary ESL Shipping to build four fossil-free cargo ships, the total value of which is around 186 million euros.

Aspo’s share price rose by 1.3 percent to 29.77 euros.