In the afternoon, the general index of the Helsinki Stock Exchange was up 0.4 percent at 11,187 points.
A software company topped the list of the most traded companies Qt Groupwhose share was up 4.3 percent at 53.14 euros.
Network equipment company among the results publishers Nokian the share was at the top of the exchange and up 4.3 percent at 4.40 euros. Elevator company The machine share up 1.4 percent at 51.48 euros and the telecom operator Telia the share decreased by 2.1 percent at 2.41 euros.
Nokia’s comparable operating profit increased to 1.15 billion euros instead of the forecasted 944 million euros. A year earlier, the figure was 908 million euros.
In addition, Nokia’s board proposes a dividend of EUR 0.12 per share, which is twice as much as expected.
Kone’s adjusted operating profit improved to 365 million euros in the last quarter of last year. According to the database Vara Research, analysts following the company expected the operating result to settle at an average of 333.6 million euros in October-December. In the comparison period, the adjusted result was 359.4 million euros.
The company collected new orders for 1.9 billion euros, i.e. slightly less than the 2.15 billion euros of the comparison period a year ago.
The company also said that it will renew its operating model and that it will seek annual savings of around 100 million euros.
Telia’s operating profit fell to a minus of 17.87 billion kroner in October–December 2022. The consensus forecast collected by Factset expected the company to have an operating profit of 2.4 billion kroner. In the comparison period a year ago, the operating income was 1.77 billion kroner.
Telia announced last Friday that it would record impairment losses of 19.8 billion kroner. Without impairment losses, the result would have been 1.96 billion kroner plus.
Telia’s board of directors says it will propose a dividend of SEK 2.00 to the general meeting. The expectation was a dividend of 2.06 kroner. Last year, Telia paid a dividend of SEK 2.05 per share. The board proposes that the dividend be paid in four installments of 0.5 kroner.
Treasurer The married made an operating profit of 5.0 million euros in October-December with a net turnover of 29.4 million euros.
In the same period a year earlier, the asset manager’s operating profit was EUR 17.0 million and net turnover was EUR 35.0 million. Analysis house following the company Inderes expected an operating profit of 5.5 million euros and a turnover of 29.2 million euros. Evli’s share was up 4.9 percent at 18.20 euros.
Fur auction Saga Fursin the value of brokerage sales in the six-month period was 229 million euros, while a year ago in May–October it was 248 million euros.
The group’s net sales decreased by 0.4 million euros to 29.5 million euros from the comparison period.
However, the increased expenses ate into the operating income. In the half-year period, the operating profit was 2.1 million euros, while in the comparison period the figure was 7.2 million euros. The company’s share was down 3.3 percent at 13.90 euros.
A health technology company Revenue said that according to preliminary data, the company’s 2022 turnover and profit are better than estimated.
The company estimates that the exchange rate-adjusted turnover in 2022 will increase by more than 16 percent compared to the previous year, and the operating result without non-recurring items will be more than 30 percent of the turnover. The company’s share was up 3.3 percent at 37.80 euros.
Infrastructure developer Create Group said on Thursday that he had decided to merge his wholly owned subsidiary Kreate Rata Oy:n to another subsidiary Kreate Oy: hyn. The aim of the merger is to simplify the company structure and make operations more efficient.
The company estimates that the merger will take place in April-May 2023 and it will only affect Kreate’s operations in Finland. The company’s share strengthened by 1.6 percent to 9.03 euros.
Provider of business and consumer information services Enento Group said on Thursday that it will launch an efficiency program to strengthen its long-term value creation ability. At the same time, the company announced the write-down of ten million euros and the start of cooperation negotiations.
Enento aims for 5-10 percent annual revenue growth and an adjusted EBITDA growth rate that exceeds the revenue growth rate. The company’s share was down 0.2 percent to 22.20 euros.
Changes in target prices and recommendations
OP lift Huhtamäki target price to EUR 40.00 (previously EUR 38.00) and keeps the add recommendation unchanged
ON laskee Konecranes recommendation to the add level (temporary buy) and keeps the target price unchanged at EUR 34.00
ON laskee Cargotecin the recommendation to reduce (time to increase) and keep the target price unchanged at EUR 43.00
ON laskee eQ:n the target price to EUR 22.00 (currently 23.00) and lowers the recommendation to the reduce level (currently increasing)
OP raises Raison target price to EUR 2.40 (previously EUR 2.20) and lowers the recommendation to the reduce level (previously increased)
Inderes lift Investors Housen target price to EUR 5.00 (previously EUR 4.50) and keeps the reduce recommendation unchanged