STOCK EXCHANGE: Helsinki ended up with a gentle rise – Earnings warning companies Valmet and WithSecure plunged

The general index describing the price development of Helsinki Stock Exchange shares ended at 10,153.3 points on Friday, which means an increase of 0.3 percent compared to Thursday’s closing reading.

Compared to last week’s decision on Friday, the index fell by 0.8 percent.

Engineering works Training rarely became the third most traded stock on the stock exchange. The share fell by 7.8 percent to 25.22 euros.

The company issued a profit warning today.

Valmet estimates that the comparable ebita result will remain at last year’s level this year, while previously it estimated that it would grow. The company estimates that the turnover will still be at the same level this year.

According to Valmet, the services market has developed more slowly than expected, the market activity of cardboard and paper process technologies has been slower than expected, and some customers have postponed their final investment decisions.

The share price bounced at the end of September, when the company announced that it would deliver a pulp mill worth more than one billion euros to a forest industry company Araucolle.

Sentiosake WithSecure down 6.6 percent

Information security company With Secure also jumped from his instructions. The company expects the entire group’s turnover to grow by 2-5 percent from last year instead of the previous 6-12 percent. Regarding adjusted EBITDA, the guidance remained unchanged.

The company also lowered the revenue and recurring annual billing growth forecasts for cloud-based Elements products and services. The products and services in question generate most of the company’s turnover.

The company justified the decrease in guidance by, for example, the loss of large customers, which have not been able to be compensated.

The share ended with a decrease of 6.6 percent to EUR 0.93.

Nordea told Revenue

One of the hardest counters was a manufacturer of tonometers Revenuewhose share fell by 3.8 percent to 32.78 euros.

Nordea lowered the stock’s recommendation to sell from the previous hold. The target price of the share is EUR 28.50.

Reveniot is followed by eight analysts and only Nordea’s recommendation is at buy level.

Information service Bloomberg’s According to Nordea, Revenio’s risk-return ratio is weak, while the company’s growth and the cost of the FDA approval granted by the US Food and Drug Administration are question marks.

Organizer of running events Rush Factorya has once again filed for bankruptcy. This time the applicant is a tax accountant. Previously, the applicant was the occupational pension insurer Ilmarinen, who, however, withdrew his application.

Trading in the company’s shares was suspended.

Mandatum’s executives are leaving

Treasurer Commandment announced this week that the managing director of asset management, Lauri Vaittinen, is leaving the company to move to new positions outside the company.

The social media service LinkedIn found out that three other management-level people are also leaving Mandatum. According to the company, they are not aware of any other people leaving.

The departures did not want to comment on the case.

Mandatum was listed on the stock exchange at the beginning of October last year, when it was separated from the insurance company From Sammo.

Mandatum’s share ended with an increase of 0.2 percent to 4.37 euros.

Electronics contract manufacturer Scanfilin a block trade worth 880,800 euros was made with the shares, where 120,000 shares changed hands at a price of 7.34 euros per share.

Information service Holdings according to data dated the end of last month, the company has 29 owners who hold at least 120,000 shares. French treasurer Amundi owned 120,000 shares, or 0.2 percent of the shares.

Scanfil’s share fell by 1.0 percent to 7.31 euros with 124,624 shares exchanged.