STOCK EXCHANGE: A harsh verdict from investors for the day’s earnings announcements

The Helsinki Stock Exchange opened the week with positive signs and the OMXH general index ended up with a 0.5 percent increase to 12,764.17 points. Globally, Monday has been quiet in the stock markets, as local holidays have been celebrated in both the US and Asia.

The most traded shares of the day were the banking company Nordea (+1.9%), elevator company Kone (+2.8%) and the insurance group Sampo (+1.0%). Trading in Sammo’s A shares started on Monday at the Stockholm Stock Exchange.

Three results

A total of three companies announced their last year’s results on Monday.

Multidisciplinary company Asp (-6.5%) said that the turnover in the last quarter of the year decreased, but the ebita key figure remained close to the level of the comparison period. The company, which is in the middle of corporate restructuring, is waiting The baker– that the sale of the business will take place in the next few weeks.

In addition, the company is conducting a strategic evaluation, where options include a shipping company ESL Shippingin sale or possible partial division of Aspo.

Office furnisher Framery (-11.5%) last year’s last quarter result was pretty much in line with expectations, although its operating profit fell from the comparison period. According to Framery, the results were affected by the costs related to the listing, as well as US customs duties and exchange rate fluctuations.

Also an office supplies dealer Wulff Companies (-1.2%) the price ended up falling, even though the company surprised with a stronger-than-expected end-of-year turnover growth.

Terveystalo squats

Telecom operator Telia (+0.5%) the Swedish internet operator has completed its purchase offer Broadband2of the shares of Telia now owns approximately 98.90 percent of Bredband2’s shares and votes.

Health service company Terveystalo (-5.8%) the stock fell clearly on Monday, when analysts evaluated the company’s results report published on Friday during the weekend. According to the report, the turnover fell short of expectations, which caused several analysts to lower the company’s target price. In addition SEB Bank lowered Terveystalo’s recommendation from the previous buy level to the hold level.