STOCK EXCHANGE: In Helsinki, the opening is positive – Dovre Group rises

After a while of trading, the general index of the Helsinki Stock Exchange was up 0.1 percent at 9505.05 points.

Up to the time of the review, the most traded stock was a network company Nokiawhose share fell by 0.1 percent to 4.03 euros. From the list of the twelve most traded stocks, most were in decline.

At the top of the rise was a project personnel and project management consulting company Dovre Groupwhose share strengthened by 11.0 percent to 0.333 euros. Among others, the fiber company was on the decline Spinnovawhose share weakened by 3.2 percent to 0.955 euros.

Focused on infrastructure and energy construction Vietnam said on Thursday that it will buy the Project personnel business and the Norwegian consulting business from Dovre Group.

According to the companies’ press releases, the estimated price of the transaction is EUR 34 million and it is estimated to take place on January 2, 2025 or in the next few days.

Dovre estimates the total cost of the deal at 400,000 euros.

With the deal, Dovre Group’s turnover will decrease significantly next year and the company will focus on renewable energy projects through Suvic.

According to Dovre, this will be seen as a greater variation in the group’s turnover and cash flows than before.

Today, Thursday, Dovre Group raised its guidance for turnover, but lowered it for operating profit. These figures also include all business areas.

The turnover of Dovre Group’s remaining business area, which focuses on renewable energy, is estimated to be 88–93 million euros and the operating loss to be between 5–6 million euros.

Nokia announced on Thursday that the company’s contract with the US Microsoft’s with has been extended by five years.

Nokia supplies routers and switches to the data centers of Microsoft Azure, which offers cloud services.

Nokia supplies equipment to Azure data centers located in several countries, and the company’s footprint expands to more than 30 countries.

Offering business coaching Trainers’ House raised its guidelines for this year. The company only provides guidance on operating income.

The company estimates that the operational operating result falls between an operating loss of 50,000 euros and a profit of 150,000 euros. Previously, the company estimated the result to be loss-making.

Last year, the company had a turnover of 8.4 million euros and an operating loss of 100,000 million euros.

At the time of the review, the Trainers’ House share was up 7.2 percent at 2.23 euros. Change had accumulated for about 500 euros.

Engineering works Training informs that he is delivering a honey oven For Kuantum Papers to India. The order is included in this year’s October-December orders. Valmet does not publish the value of the order.

The duration of the delivery project is about a year, and the installations are planned to be done at the end of 2025.

Valmet’s share was down 0.3 percent at 21.58 euros.