HEX (Helsinki) Market Overviews
Helsinki Stock Market Overview31/10/2005-04/11/2005
The first days of November just have started. Companies still issue their interim reports, distracting prices of the shares and making our life more interesting. This week most stocks in the Helsinki Stock Exchange had either slight or significant increases with only one major and few minor drops. OMX Helsinki showed it in 5,22% increase, while OMX Helsinki 25 index climbed by 3,78%. Positive development is also awaited next week.
Ruukki Group Oyj (RUG1V) is a quite small multi-trade company whose business is based on partnerships in Finish companies. On Thursday, November 3, interim report was released that caused the growth of share prices by more than 16%. According to the report, during last 9 months there was essential increase in operating profit (from 1.8m to 6.4m EUR), turnover (from 14.8m to 21.8m EUR) and other activities.
YIT Corporation (YTY1V) offers technical infrastructure investment and upkeep services for the property and construction sector, industry and telecommunications. During the last week the main reason of shares’ price change was the expectation of interim report release. On November 4, when the report was published, the information from it exceeded all the expectations – profit before taxes raised by 39%, earnings per share – by 45%. Altogether this turned out in 11% increase in share price. The outlook for 2006 is expected to be favourable.
Nokian Tyres Plc (NRE1V), the famous tires producer, during the week appointed that profits from the third quarter are lower than the previous year. An interim report followed next day disturbing price of shares even further resulting significant 11,9% overall decrease. The main points of the report claim that the Group’s net sales in January–September were up by 13.7% to EUR 445.6 million (EUR 392.0 million in Jan-Sept 2004). Operating result was EUR 65.1 million (EUR 65.2 million). The target for 2005 is to increase sales and to reach an operating profit on the same level as in 2004.
SanomaWSOY Corporation B (SWSBV), Finland's leading media group and the largest media company in the Nordic region, also issued interim report (1 January – 30 September) with data, showing successful development of the company, thus fall of 4% can be explained by review of company’s long-term prospects after the report. Interim report shows that Operating profit grew by 15.8%, to EUR 221.6 (191.4) million. Earnings per share increased to EUR 1.00 (0.84). The most significant gains on the sale of assets amounted to EUR 21.4 (8.1) million. In the third quarter, net sales totaled EUR 637.7 (593.7) million and operating profit EUR 83.5 (72.8) million.
