STOCK EXCHANGE: The Helsinki Stock Exchange is falling – Nanoform is rising after the results announcement

After a while of trading, the stock exchange’s general index was down 0.1 percent at 9664.17 points.

Up to the time of the review, the most traded stock was a network company Nokiawhose share was down 0.4 percent at 4.20 euros. From the list of the twelve most traded stocks, about half were rising and half were falling.

In the morning’s trading, the health technology company was the biggest gainer Nanoformwhose share strengthened by 9.4 percent to 1.234 euros. On the other hand, a real estate company was in the downward direction Cityconwhose share weakened by 5.4 percent to 3.358 euros.

After the close of trading on Friday, Citycon said it would suspend its dividend next year to strengthen its balance sheet.

Nanoform announced its third quarter interim report on Monday morning.

Nanoform’s turnover grew to 0.8 million euros in the third quarter. At the same time a year earlier, the turnover was 0.6 million euros.

The company’s EBITDA remained at the previous year’s level and was at a loss of EUR 4.4 million.

The operating result weakened to a loss of EUR 5.2 million during July–September. At the same time last year, the loss was 5.1 million euros.

Loss per share decreased to a loss of EUR 0.6 per share. In the comparison period, the loss per share was 0.5 euros per share.

Operating free cash flow was a loss of EUR 5.0 million in the third quarter. At the same time last year, cash flow was at a loss of EUR 4.9 million.

IT service and software company Solteq said he was selling the business in Denmark.

Danish subsidiary of Solteq Solteq Denmark A/S sells business based on healthcare software solutions Confirm Softwarelle. The net debt-free purchase price of the business is four million euros, which will be paid upon execution. The purchase price is paid in cash.

Solteq’s share was up 13.5 percent at EUR 0.688. By the time of the review, almost 6,000 euros had been accumulated.

IT service company Hedgehog Solutions buys 51 percent Finnish Integrations Groupin of the stock. Integrations Group is a company specializing in integration deliveries and services, which operates in Espoo and Tampere. The purchase price was not disclosed.

Integrations Group employs 13 people. The company’s turnover in 2023 was 2.3 million euros and operating profit 0.4 million euros. After the sale, Integrations Group will continue to operate independently as its own company and under its own brand

At the time of review, Siili’s share was at 6.10 euros in Friday’s closing readings.

By Editor

Leave a Reply