The Helsinki stock exchange fell on Thursday. Dividends were released from several companies today.
The general index closed down 0.5 percent to 9,747 points. The top of the most traded stocks was falling. Nordea rose 0.2 percent, while Sampo fell 1.9 percent to the minus. In this had fallen 2.4 percent after the dividend was removed.
Jefferies lowered Sammo’s target price to EUR 38.00 from EUR 38.50, the hold recommendation remained unchanged.
In addition to Neste, the dividend was also removed CapManista, Detection Technologysta, Innofactorista and from Konecranes.
Neste also said that the shutdown will begin gradually on April 1. The duration of the shutdown is nine weeks. According to the press release published by the company in December, during the shutdown, the Porvoo refinery will undergo statutory inspections, maintenance and basic equipment improvements, which cannot be done while the refinery is running.
Trading company Wood joy the stock closed on Thursday with a clear rise. The exchange rate strengthened The exchange rate had risen by 8.0 percent.
The company announced its results yesterday. In its guidance, it expects strong growth and improving profitability.
Inderes raised Puuilo’s target price to EUR 10.00 from the previous EUR 9.00 and raised the recommendation to an increase level from the previous decrease level.
OP, on the other hand, increased Puuilo’s target price to 9.00 euros from the previous 8.70 euros, but had to reduce the recommendation unchanged. At Danske Bank, Puuilo’s target price rose to EUR 10.00 from the previous EUR 9.70, the buy recommendation remained unchanged.
Serving telecom operators Tecnotree (+2.2%) said they would launch a global cost efficiency program. The targeted efficiency improvements are expected to produce annual savings of 5–7 percent, which will be realized in full by 2025.
According to the company, the cost efficiency program does not change the previously announced profitability forecast.
Event organizer Rush Factory (+0.0%) published its results for the second half of last year on Thursday. EBITDA was EUR 53,000 in loss, while a year earlier there was a loss of EUR 600,000.
Trading company Kesko (+0.1%) announced that they bought two properties. The properties are Sinikallio shopping center in Espoo and K-Citymarket in Salo. With the acquisition of real estate, Kesko continues to invest in the grocery store network in accordance with its strategy.
Steel company Outokumpu (-0.3%) said that political strikes cut the adjusted EBITDA by around 80 million euros. SAK announced the continuation of the strikes earlier this week. The estimated negative impact of the additional week on Outokumpu’s adjusted EBITDA is around 15 million.
A filter company Pallas Air (+13.3%) announced on Wednesday evening that the company’s board member Sami Rahnasta has decided to resign from the company’s board. Rahnasto leaves his board position immediately.
Also publishing a trade magazine Middle Soul (-0.4%) reported that the change negotiations initiated by the central advertising sales and digital advertising development organization at the beginning of March have been completed. The strength of the personnel will decrease by 28 personnel years.