STOCK EXCHANGE: The Helsinki Stock Exchange ended in decline – Qt the darkest of the day, YIT a bright spot

On Thursday, the general index of the Helsinki Stock Exchange ended with a decrease of 0.9 percent to 9806.17 points.

Thursday’s most traded stock was an online company Nokiawhose share ended with a decrease of 2.0 percent to 4.325 euros. From the list of the twelve most traded stocks, all were in a downward direction at the close of trading.

The biggest loser of the day was the IT company that announced its earnings report Qt Group. Qt’s share ended up down 18.3 percent to EUR 69.80.

Qt Group’s results for the third quarter fell short of analysts’ forecasts. The company’s turnover increased to 42.2 million euros in July–September from 38.0 million euros. Modular Finance the analyst consensus had predicted turnover of 46.7 million euros.

Qt’s ebita operating profit increased to 10.3 million euros from 9.2 million euros, while the forecast was 12.3 million euros.

In connection with the results announcement, Qt clarified the guidelines regarding turnover. The company now estimates that the turnover will increase this year in comparable currencies by 20–25 percent from the previous year. The previous estimate was a 20–30 percent increase.

The company repeated the previous estimate of the ebita profit margin, which it estimates to be 25–35 percent.

The day’s gainer was a construction company YIT which reports a surprisingly good result. At the close of trading, YIT’s share strengthened by around 12 percent to 2.604 euros.

YIT’s turnover shrank to 453 million euros from 553 million euros in the comparison period. Factsetin the consensus of six analysts had predicted a turnover of 488 million euros.

Adjusted operating profit improved to 26 million euros from 17 million euros, while the forecast was 12 million euros. Reported operating profit fell to 13 million euros from 14 million euros. YIT repeated its previous guidance.

The other Thursday’s results announcements were Boreo, Ette plan, Exel Composites, Kesla, Meriaura Group, diamond, Revenio Group, Message and Talenom. The price reactions of the results publishers have been compiled in the table below.

Aallon Group has a new CEO

Accounting firm Aalton Group said that he appointed Tuija Keronen as the company’s CEO. Keronen will start in the position on November 1, 2024.

According to the company’s press release, Keronen has previously worked for ten years in billing and debt collection companies in management positions, including as CEO Lindorffilla and as production manager for the Nordic countries at Lowell.

CFO who handled the duties of interim CEO Teemu Vieruaho continues as Aallon Group’s CFO and member of the management team.

Aallon Group’s share ended with a 0.5 percent increase to 8.20 euros.

Electronics contract manufacturer Scanfilin procurement director and member of the management team Markko Kosunen has sold 11,384 Scanfil shares on Monday at a price of EUR 7.89564 per share. The price of the pot was 89,884 euros.

Information service Holdings according to Kosunen still owns 19,156 Scanfil shares, with which he remains on the list of the hundred largest owners.

Scanfil’s share ended with a 1.7 percent increase to 7.91 euros.

IT service company Digital said that he had concluded a framework agreement with the NATO Communications and Information Agency NCIA.

According to the company’s press release, Digia will in the future be a supplier approved by the Defense Association and can participate in all tenders and procurements carried out by NATO and its member countries, which especially concern common IT infrastructure and IT and digitalization development.

In the afternoon, Digia’s share price was up 4.5 percent at 6.48 euros.

Food company HKFoods says that it has completed an arrangement where HKFoods will sell its Danish business to a Dutch company Plukon Food Groupille.

The arrangement was announced on May 2, 2024.

According to the company’s press release, the objects of the transaction were the subsidiary that formed the Danish business unit of HKFoods, Rose Poultryn stocks.

The HKFoods share ended with a 4.0 percent increase to 0.832 euros.

Processing equipment company Kalmar said that he would start buying his own shares.

The annual general meeting authorized the acquisitions on May 30, 2024. Based on the authorization, Kalmar can acquire a maximum of 952,000 class A shares and a maximum of 5,448,000 class B shares.

According to the company’s press release, Kalmar will buy a total of 250,000 series B shares, which are designed to be used to pay the rewards of the company’s share bonus programs.

Kalmar’s share ended with a 2.0 percent increase to 28.63 euros.

Selling motorsports equipment duel announced that it is recalling helmet light chargers.

This is the charger for the Hyper 8500 Arctic Helmet Light (293-1280) MODEL:BK-384. The product has been on sale between 2022 and 2024. According to Duell, a safety flaw has been detected in the device, which may cause a risk of electric shock.

Duell’s share ended with a decrease of 4.5 percent to 0.0422 euros.

Machine manufacturer for the glass industry Glaston announced SVP Mobility, Display & Solar and a member of the management team Jose Yepesin resigned.

On 30 October, Glaston announced restructuring plans, which will see the role of SVP Mobility, Display & Solar Business Area no longer part of Glaston’s management team from 1 January 2025.

Glaston’s share ended with a decrease of 1.6 percent to 0.840 euros.

Car trading company Wetteri said a member of the company’s management team and HR and communications director Sanna Räsänen resigned from his position.

Wood element company Lapwall announced that it had appointed Räsänen Lapwalli to the corresponding position. Räsänen will continue at Wetter until November 30, and will start working for Lapwall and as a member of the management team on December 1.

Wetter’s share ended with a decrease of 1.04 percent to 0.38 euros and Lapwall’s 0.3 percent increase to 3.66 euros.

By Editor

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