At the end of the week, the stock prices of several earnings publishers closed with a clear increase on the Helsinki Stock Exchange.
The general index of the Helsinki Stock Exchange closed with a clear increase on Friday. The general index closed up 1.1 percent to 9,835 points.
The main indices of the New York stock exchanges were rising after the Helsinki stock exchange closed. The S&P 500 general index, which broadly describes the US stock market, was up 1.1 percent. The technology-focused Nasdaq had risen by two percent and the Dow Jones index by 0.4 percent.
The stock exchange’s most traded shares were on Friday In thiswhich closed down 1.5 percent and Nordea, whose share rose by 0.3 percent. On Thursday, Neste plunged badly on the Helsinki stock exchange after its January-March result fell short of expectations.
Wärtsilä reported an operating profit that was better than analysts’ expectations. Wärtsilä’s share rose 11.4 percent.
The company’s comparable operating profit increased to 132 million euros in January–March from 88 million euros in the comparison period. Database by Vara Research analysts expected the company’s comparable operating result to rise to 123.9 million euros in January–March.
Chemical company among other results publishers Kemira turnover and EBITDA decreased as expected in the first quarter of the year. EBITDA decreased slightly, but profitability was strong. Kemira’s operating EBITDA decreased from a year ago, but the operating EBITDA of 159.2 million euros was still better than analysts’ expectations. The stock closed up 12.2 percent.
Food company Appetite reported a lower turnover than forecasts, but the EBITDA rose clearly from the comparison period. The company’s share rose by 3.3 percent.
Infrastructure developer Creatine turnover decreased from the comparison period, but the company’s EBITDA increased to 1.6 million euros from 1.0 million euros. Kreate’s share fell by half a percent.
A strong rise was also seen in the technology companies of the Helsinki Stock Exchange. For example, a software company of the Qt Group the share rose 8.4 percent.
A 31 percent increase for Purmo
British Project Grand Bidco Limited on Friday announced a voluntary recommended all-cash tender offer Purmo Group of shares. Purmo’s board of directors has unanimously decided to recommend the acceptance of the purchase offer to Purmo’s shareholders.
The offer consideration for Purmo’s C-series shares is EUR 9.91 in cash for each C-series share issued by Purmo. Purmo’s share closed up 30.7 percent to 9.80 euros.
Financial company In Oma Säästöpankki a suspected, years-long crime spree was revealed. According to information obtained by Kauppalehti from the district court of Etelä-Ostrobothnia, charges of gross embezzlement and forgery have been brought against the bank’s former employee. The interested party, i.e. the victim, is Oma Säästöpankki.
According to information from Kauppalehti, the suspect in the crime is the former head of Oma Säästöpankki, who has been employed by the bank for several years before the time of the suspected crimes. Oma Säästöpankki’s share rose 1.2 percent.
Central Finland the general meeting saw a special dismissal, when the company decided to fire a board member because of a relationship. Keskisuomainen’s board presented its own member in the general meeting invitation, Riitta Vesterinen-Virtanen, separation. After a long discussion and vote, the general meeting decided to fire Vesterinen-Virtanen in accordance with the board’s proposal.
Kauppalehti revealed at the beginning of April that the reason behind the demand for dismissal is a dating relationship between Vesterinen-Virtanen and a person working in Keskisuomainen’s operational management, which the rest of the company’s board has seen as a combination contrary to good governance. Keskisuomainen’s share fell by 1.9 percent.