At the opening of Wednesday, the general index of the Helsinki Stock Exchange was down 0.1 percent at around 10,377.5 points.
At the top of the most traded shares In this was up 1.1 percent and Sampo up 0.2 percent.
In Asia, stock market sentiments were improving on Wednesday from yesterday’s decline. Finnish time in the morning, Asian stock markets were close to zero, with the exception of the Tokyo Stock Exchange’s Nikkei index. On Wall Street, the stock market indices were close to records. Today, in the US, the chip manufacturer, which has brought strong returns, is under tension Nvidia’s results to be announced after the market closes.
Noho promises dividends
A listed company specializing in the services of the restaurant industry NoHo Partners announced on Tuesday evening that it will update its strategy and long-term financial goals for the years 2025-2027.
In its operations in Finland, the company aims to achieve a turnover of around 400 million euros and to maintain the current operating profit margin. In international business, NoHo aims for profitable growth and creation of shareholder value.
The company’s goal is to distribute an annual increasing dividend to its shareholders in the future.
“NoHo Partners’ vision is to be the leading restaurant operator in Northern Europe. In the coming strategic period, the company will continue its strong and profitable growth in the Finnish restaurant and entertainment market”, comments the chairman of the board of the company in the press release. Timo Laine.
Noho’s shares were thinly traded in the morning market close to yesterday’s closing readings.
Analysis house Inderes dropped the car trading company that reported its results yesterday Weatherin target price of the share to EUR 0.45 and repeated the recommendation to reduce the share. OPthe stock’s recommendation rose one notch to the reduce level from the sell level, and the target price remained unchanged at 0.45 euros.
Wetter’s turnover increased rapidly in the beginning of the year, supported by acquisitions, but the adjusted operating profit was slightly below the previous year’s level. The car trade was promised a slow recovery this year.
Housing investment company Housing portfolio said that it had refinanced all the loans of its subsidiaries in Finland.
The total amount of loans maturing was EUR 100.3 million. The Finnish subsidiaries have taken out new loans worth 88.0 million euros, the parent company has taken out a new loan worth 8.0 million euros, and in addition, the group as a whole reduced its loan portfolio with cash resources by about 4.3 million euros.
As a result of the successful loan negotiations, all loans in Finland are valid until the summer of 2027, so that at the same time the total number of loans of both Finland and the group decreased. The estimated level of the total interest rate for the renewed loans is 5.3 percent, including the margin, the reference interest rate, and interest rate protection costs, which will be specified in June.
The housing portfolio’s share was up 2.9 percent.