STOCK EXCHANGE: Terveystalo rises with the lifting of guidelines

The general index of the Helsinki stock exchange opened up on Monday. The index was up 0.7 percent at 9,622 points 15 minutes after the start of trading.

In the most traded stocks Nordea was 0.9 percent in the Northeast, while Nokia had strengthened by 0.8 percent. UPM had risen by 0.8 percent.

Specialized in healthcare services Health house said that it will raise its profit guidance. In its new guidelines for the year 2024, Terveystalo estimates that the turnover for the whole of 2024 will increase, and that the adjusted operating profit before amortization and impairment of intangible assets (EBITA) will be 12.5–13.1 percent of the turnover.

In its previous guidance, Terveystalo estimated that the turnover for the whole of 2024 would increase, and that the adjusted operating profit before depreciation and impairment of intangible assets would be 12.0–12.5 percent of the turnover.

According to the company, the profit improvement program has significantly exceeded its original goal and the measures will have an effect faster than previously estimated.

Focused on motorsport Duellin the course opened down, when the change brought by the merger of shares is taken into account. Duell’s general meeting decided last week that every 200 shares will be combined into one share. In this way, the number of shares, which had swelled to more than a billion dollars, will fall to more than five million shares.

The rate was quoted at 7.5 euros after Split. Split-adjusted, the course was therefore down 3.9 percent.

Evli raised the reverse split accordingly to Duell’s target price to 9.00 euros from the previous 0.045 euros. The recommendation remained at the buy level.

Inderes counted Weatherin target price to the sell level from the previous add level, and the target price decreased to 0.32 euros from 0.40 euros.

The OP also lowered Wetter’s recommendation to a sell level from the previous reduce level. The target price decreased to EUR 0.30 from EUR 0.35.