The Helsinki Stock Exchange opened up on Friday. The general index OMX Helsinki was up 0.18 percent at 10,229.08 points when the stock market opened.
It was clearly at the top of the most exchanged companies on Friday morning Nokiawhose share was down 0.36 percent at 3.9655 euros. So yesterday’s price increase seems to have leveled off a bit.
Nokia was on a strong rise yesterday after Bloomberg said that he had received information about the possible sale of the company’s mobile phone networks business segment.
The company denied planning the sale of mobile phone networks.
The biggest increase on Friday morning was the announcement of a new strategic joint agreement last night Remedy Entertainment. The company told the US Annapurna Picturesin funding 50 percent of the development budget for the upcoming Control 2 video game. In return, Annapurna gets the rights to use the Control and Alan Wake brands in films and television.
The market received the news positively. Remedy’s stock opened on Friday with an increase of more than ten percent.
The earnings season is drawing to a close
On Friday, two half-year reports were published.
A technology company Digitalist Group made an operating loss of 0.7 million euros measured by ebit in April–June, while a year ago an operating loss of 0.8 million euros occurred in the same period.
Digitalist’s turnover fell to 4.0 million euros in the second quarter, while the turnover in the comparison period was 4.3 million euros. The decrease was 6.8 percent.
According to the company’s CEO, Swedish business will be emphasized even more in the future. Sweden’s share of the company’s turnover already rose to 70 percent in the second quarter.
Construction consulting company Solwersin turnover grew supported by acquisitions, but profitability declined in a difficult market.
Solwers’ turnover reached EUR 39.9 million in January–June, compared to EUR 33.2 million in the comparison period a year ago.
Solwers’ ebita result weakened to 3.3 million euros, while a year earlier it was 3.5 million euros. The Ebita margin weakened to 8.2 percent from 10.7 percent in the comparison period.
Solwers’ stock reacts to the weakening of profitability when the stock market opens. The company’s share was down 3.14 percent a moment ago.
Faron granted stock options, Teleste arranged its financing
A drug development company Faron Pharmaceuticals said on Friday that the company’s board of directors granted 100,000 new stock options as part of the company’s stock option program started in 2019.
The options give the right to acquire Faron shares at a price of EUR 1.48 per share.
If all the options are exercised, Faron’s share capital will increase by 100,000 shares, which corresponds to approximately 0.1 percent of the company’s total number of shares.
A technology company specializing in telecommunication networks Telest said that he had signed a EUR 53 million syndicated loan agreement Danish Bank, OP Corporate Bank and Nordic with.
The agreement includes a loan of 26 million euros and a standby credit of 19 million euros for the refinancing of the company’s existing loans. In addition, the agreement includes commercial guarantee limits for a total of 8 million euros.