Helsinki Stock Exchange Suffers Another Week of Declines, with Fortum and Inthis Leading the Way

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 and In this were both down 1.0 percent and 1.3 percent respectively.

In the afternoon, nine out of ten earnings publishers reported a decline in their share price. The industrial service company Lassila & Tikanoja was at the bottom of the main list with a result that fell short of analysts’ expectations by 1 million euros in the fourth half of the year, resulting in an operating profit adjusted for non-recurring items of only 7.2 million euros. Meanwhile, Kemira 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.

Trading company Stockmann’s adjusted operating profit was up by 4 million euros compared to the previous quarter but still below analysts’ expectations at 30.2 million euros, resulting in a share price decrease of 1.4 percent

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