On Monday morning, the Helsinki Stock Exchange opened to a gentle decline, but during the day the general index describing the price development of stocks was at 11,241.4 points, which is 0.5 percent higher compared to Friday’s closing reading.
Investors’ eyes this week are, among other things, on the US inflation figures to be announced tomorrow. The central banks have said that interest rates must be raised to curb the rise in the price level, but the market has wondered whether interest rates could turn down already this year.
At the top of the most traded on the Helsinki Stock Exchange was a disappointing result on Friday Sampowhose share was up 0.9 percent at 45.89 euros.
Unlike usual, a discount store chain was also among the most traded Tokmanniwhose share was 7.9 percent at EUR 14.00.
Tokmanni got a lot of changes to its target prices today. Analysis house Inderes raised the target price to EUR 14.00 from EUR 12.50 and reiterated the add recommendation.
OP raised the target price of the share to EUR 15.00 from EUR 14.00 and kept the buy recommendation unchanged. Danish bank raised the target price to EUR 13.00 from EUR 11.60 and reiterated the hold recommendation.
Tokmanni was the biggest riser of the day. A laser technology company was also on the rise Modulight, whose share rose 6.0 percent to 3.19 euros. OP started monitoring Modulight with a target price of 3.30 euros and a buy recommendation.
Two results publishers
The earnings season is at its hottest. On Thursday of last week, 18 companies reported on their business development from last year. On Friday, 13 companies published their financial statements.
Today, investors got a little breather when only two companies published their interim reports.
Provider of business and consumer information services With somethingAdjusted EBITDA was 16.0 million euros in October-December, while a year earlier in the same period it was 14.6 percent. The adjusted operating result rose, but the unadjusted operating result turned into a loss from the previous year’s positive readings.
Enento’s board of directors proposed a dividend of EUR 1.0 per share, which corresponds in size to the dividend distributed from the previous year’s result. The company guides this year’s adjusted EBITDA margin to be between 36.0-37.0 percent, while last year’s margin was 36.6 percent.
Enento’s share was down 2.6 percent at EUR 20.40 in daily trading. The second results announcement of the day, Investors Housen the share, on the other hand, was up 1.4 percent at 5.80 euros.
Investors House’s operating result without value changes and sales gains or losses weakened in October-December, but the actual result was better than the comparison period.
The company’s board proposes a dividend of 0.31 euros. For the year 2021, Investors House paid a dividend of EUR 0.29, in addition to which the company decided to distribute an additional dividend of EUR 1.00 at the extraordinary general meeting in January 2022. If the extra dividend is left out of the bills, Investors House now plans to increase the dividend for the eighth consecutive time.
Investors House estimates that the result of 2023 will be at the same level as the result of 2022. The result for the entire year 2022 was 3.2 million euros.