Ex-course rocket share -34% in a year: “Already looks attractive”

The Helsinki Stock Exchange’s earnings season started on Tuesday with the software company Admicomin with the result. The company’s profitability fell short of expectations in the first quarter.

“It’s difficult for customers, i.e. builders”, analyzed the stock exchange reporter Antti Mustonen Directly from Kauppalehti Economic morning on Tuesday.

Mustonen noted that Admicom had mentioned separately in the report that at the beginning of the year the customer base was hit by one exceptionally large bankruptcy. Payment difficulties were also mentioned.

“But the company didn’t touch the instructions. It seems to have the ability to react, because it has started efficiency measures,” said Mustonen.

The company announced in the morning that it will start change negotiationswhich may lead to 45 dismissals.

The market has generally been concerned about the effects of artificial intelligence on the software industry. Mustonen stated that, based on analyst comments, the concern would seem exaggerated for Admicom and similar Nordic erp suppliers.

However, Admicom’s share has fallen clearly, by as much as 34 percent in a year.

“It has made the stock look perhaps already attractive,” Mustonen estimates.

Tuesday’s Talousamun plot Jussi Rosendahl.

You can watch Tuesday’s Economic Morning in its entirety below.