Outokumpu on a powerful rise after a decline in earnings – Muricas News

The OMXH normal index of the Helsinki Inventory Change was down 1.2 % at 10,564 factors on Tuesday afternoon.

Metal firm Outokumpu was up 9.3 % at 5.36 euros after the outcomes announcement.

The corporate’s consequence clearly weakened from the great comparability interval after the market cycle turned, however exceeded analysts’ expectations. The outlook for the second quarter is sweet.

The corporate’s adjusted EBITDA shrank in January–March to 204 million euros from 350 million euros within the comparability interval, and working revenue to 135 million euros from 289 million euros within the comparability interval.

Turnover fell to 2,006 million euros from 2,537 million euros a yr in the past, and metal deliveries had been recorded at 505 million euros as an alternative of 605 million euros a yr in the past.

After metal market costs dropped briskly, analysts knew to count on a transparent decline in earnings.

In its outlook, Outokumpu estimates that the adjusted EBITDA for the second quarter of 2023 will probably be on the identical stage or rise in comparison with the primary quarter.

Gasoline producer On this was down 4.2 % and in addition on the high of the counters. Nordea was down 1.9 % at 9.60 euros.

NoHo’s profitability improved

A complete of three Helsinki Inventory Change corporations reported earnings right this moment. Along with Outokumpu, it additionally printed its revenue figures NoHo climbed on the peak of the morning rise.

The turnover and profitability of the restaurant group Noho Companions improved in January-March in comparison with the primary quarter of final yr. The corporate repeated its steering and expects the turnover to exceed 350 million euros and the working revenue proportion to be round 9. Final yr, the turnover was 312.8 million euros and the share of working revenue was 10.1 %. The share was up 3.2 % at 8.32 euros.

Staffing firm Eezyn the January-March consequence clearly improved from the comparability interval. The working revenue was 1.3 million euros, whereas within the comparability interval the corporate’s working revenue was 0.5 million euros. The primary quarter is historically the quietest quarter of the yr within the trade, so the corporate is happy with the profitability improvement. The share was up 2.4 % at 3.47 euros.

Verkkokauppa.com largest proprietor and board member Samuli Seppälä has offered the corporate’s shares. On Might 5, Seppälä offered a complete of 330,000 Verkkokauppa.com shares at a unit worth of EUR 2.53. The whole worth of the deal is 834,900 euros. Verkkokauppa.com’s share was down 0.6 % at 2.53 euros.

Advice withdrawals for Enersense

Advice modifications have additionally been obtained within the morning.

Evli raised Enersense’s suggestion to purchase (presently maintain), and repeated the goal worth of 6.5 euros. Enersense’s share worth was down 1.1 % at 5.26 euros.

Inderes additionally raised Enersense’s suggestion so as to add (presently cut back) and repeated the goal worth of 6.0 euros.

Inderes additionally raised Ilkan suggestion so as to add stage (temp. cut back) and reiterated the goal worth of three.70 euros. Ilka’s share worth was up 0.9 % at 3.52 euros.

Savosolar Inderes raised the advice to cut back (beforehand promote) and revised the goal worth to EUR 0.05 (beforehand EUR 0.06). The share worth was down 0.2 % at 0.058 euros.

Danish laski Fortum’s goal worth to EUR 16.00 (beforehand EUR 17.00), and reiterated the purchase suggestion. Fortum’s share worth was down 0.2 % at 13.57 euros.