STOCK EXCHANGE: A complete turnaround on the stock exchange – Nokia and Kempower rose

The Helsinki stock exchange rose on Monday. On Monday, the general index closed up 0.3 percent to 13,159.30 points. The stock market was down about 0.8 percent on Monday, but turned to a brisk rise after 5:30.

The most traded company on the stock exchange was Nokia, whose shares rose 1.8 percent on Monday. Manufacturer of charging stations for electric cars of Kempower the stock rose 6 percent. The company’s stock fell significantly in July, when its result fell short of analysts’ forecasts.

Liquid the stock fell 1.7 percent on Monday. A communications technology company Bittium the share fell by 5.3 percent.

On Monday, the company specialized in industrial maintenance published its results Viafin Service and conglomerate Aspo.

The stock market’s biggest gainer was Aspo, which announced that the company’s board of directors had approved the company’s division plan when the results were published. Aspo’s share rose 8.6 percent on Monday.

Earnings publishers rose

On Monday, before the results announcement, Aspo announced that its board had approved the company’s division plan. With the division, the subsidiary ESL Shipping will be separated into a new independent listed company. The name of the new company will be ESL Shipping Group.

The division is scheduled to take effect at the end of December, and in connection with it, the current Aspo will be renamed Telko Group. According to the company, the goal of the division is to clarify the company structure and improve the profitability of both businesses.

The comparable ebita result of Aspo’s continuing operations was EUR 10.8 million in April–June. At the same time last year, the result was 7.5 million euros.

The result exceeded by Vara Research forecast compiled by three analysts. Analysts expected a comparable ebita result of 7.8 million euros from the company.

The turnover of the company’s continuing operations was EUR 131 million in the review period. A year earlier, turnover was 126 million euros. The turnover exceeded the analyst forecast, where the company was expected to have a turnover of 124 million euros.

The operating result of another results publisher, Viafin, was EUR 2.0 million in April–June, compared to EUR 1.7 million at the same time last year. The company’s operating profit margin was 7.1 percent. The result barely exceeded Inderes a forecast that expected an operating profit of 1.7 million euros from the company.

The company’s turnover was 28.8 million euros, while in April–June last year the turnover was 29.8 million euros. The turnover exactly exceeded Inderes’ forecast, which predicted the company’s turnover to be EUR 28.5 million.

Viafin Service’s share rose 5 percent on Monday.