STOCK EXCHANGE: Helsinki’s fall steepened – Konecranes and Valmet fall

On Wednesday afternoon, the OMXH popular index of the Helsinki Stock Exchange became down 1.Zero percent at 9,985 points.

The earnings period continued with the intervening time reports of the crane enterprise Konecranes, the real estate provider business enterprise Lassila & Tikanoja and the media organization Sanoma.

In the afternoon, industrial employer Valmet posted its intervening time record, which surpassed expectations, however new orders fell quick of analysts’ forecasts. The enterprise’s proportion fee turned into down 7.Five percentage at 24.35 euros after the consequences had been announced.

On Wednesday, Nordea turned into at the pinnacle of the alternate, whose proportion price was down 1.7 percent at 10.27 euros. Konecranes became the second one most traded and the enterprise’s proportion fee become down eight.Three percent at EUR 31.70.

The largest gainer on the stock exchange became Sanoma, whose proportion rate was up 5.1 percentage at 7.19 euros.

On the alternative hand, amongst others, the calculator processing era employer Glaston fell by way of five.9 percentage and the electrical charging point producer Kempower by way of four.1 percent.

In April-June, Konecranes became in a better profit situation than the comparison period. The corporation’s adjusted ebita margin improved to 98.Three million euros within the region from 60.9 million euros a year ago. At the same time, the company’s turnover elevated to 913 million euros from 787.1 million euros in the assessment length.

In the sector, Konecranes recorded new orders for 1,092.9 million euros, even as a yr in the past they gathered for 1,082.1 million euros.

Lassila & Tikanoja’s turnover fell to 207.Five million euros within the 2d sector of the yr from 219.1 million euros within the comparison period. The turnover did no longer suit the analysts’ forecasts, because the consensus of four analysts amassed with the aid of Factset predicts a median turnover of 208.Nine million euros.

Lassila & Tikanoja’s working income fell to nine.2 million euros in April-June, whilst the end result became 10.1 million euros in the contrast duration.

The fee of Lassila & Tikanoja turned into down 1.Nine percent at nine.Ninety one euros.

In April-June, Sanoma made a turnover of 341 million euros and an running earnings of fifty four million euros with out depreciation of acquisition prices.

The running loss turned into a million euros specially due to VAT claims of 36 million euros for the years 2015-2021, which were recorded as items affecting comparison in Media Finland, the agency said in its profits document.

At the same time ultimate 12 months, turnover was 313.2 million euros. Operating profit with out depreciation of acquisition costs become 53.6 million euros.

The US vital bank Fed meets nowadays to decide on the future key interest fee. The hobby charge choice may be posted round 21:00 Finnish time. The marketplace expects an boom inside the key interest price to a variety of five.25-5.50 percent.

OP made adjustments to target costs and pointers

Qt’s recommendation rises to the upload level (temp. Lessen), reiterating the target fee of seventy seven.00 euros. Qt’s share was up 1.Four percent at 74.Seventy four euros.

HKScan’s goal fee rises to EUR 0.70 (formerly EUR 0.Sixty five), reiterating the promote recommendation. The percentage become down 0.7 percentage at zero.75 euros.

UPM’s goal price drops to EUR 32.00 (previously EUR 36.00), the recommendation additionally drops to the upload degree (previously purchase). UPM’s proportion become down zero.7 percent at 29.Forty nine euros.