• Fri. Mar 1st, 2024

Helsinki Stock Exchange Reports Disappointing Earnings for Key Companies, Indicators


Feb 11, 2024
Helsinki Stock Exchange continues to decline, earnings reports fail to boost market

On Friday afternoon, the Helsinki Stock Exchange continued its downward trend for the week with the general index down 0.3 percent at 9,804.23 points. The most traded stocks Fortum was down 1.0 percent and In this was down 1.3 percent. Additionally, ten companies reported their results for the week.

In the afternoon, the share price was down in nine out of ten earnings publishers. Lassila & Tikanoja, an industrial service company, was at the bottom of the main list. The company’s result fell short of the expectations of three analysts in the fourth half of the year, with operating profit adjusted for non-recurring items at 7.2 million euros. L&T’s share was down 9.1 percent while Kemira’s operative EBITDA fell less than expected to 163 million euros from 177 million euros in the comparison period, with no movement in Kemira’s share since the previous day

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