On Thursday, the Helsinki stock exchange experienced a decline, with several companies releasing dividends. The general index closed down by 0.5 percent to 9,747 points, with the most traded stocks showing a decrease. Notably, Nordea saw a rise of 0.2 percent while Sampo fell by 1.9 percent after the dividend was removed, causing a 2.4 percent drop.
Woodjoy, a trading company, saw a significant rise in stock value on Thursday, increasing by 8.0 percent. The company announced positive results and forecasted strong growth and improved profitability. Jefferies lowered Sammo’s target price to EUR 38.00 from EUR 38.50, maintaining a hold recommendation while raising Puuilo’s target price with recommendations varying from increase to buy level.
Tecnotree, a telecom operator, announced a global cost efficiency program expected to deliver annual savings of 5-7 percent by 2025 while Rush Factory published its results showing a decrease in EBITDA loss compared to the previous year. Kesko acquired two properties continuing its strategic investment in the grocery store network while Outokumpu reported a negative impact on adjusted EBITDA due to political strikes