Helsinki Stock Exchange Sees Decline as Metsä Board Makes Major Investment, Spinnova Ends Change Negotiations

The general index of the Helsinki Stock Exchange closed down by 0.5 percent at 9925.34 points, marking a decline in the majority of the most traded shares. However, some companies such as Dovre Group and Aiphoria announced positive financial results, with Dovre’s share price increasing by 7.4 percent to 0.33 euros and Aiphoria signing a new contract with a US veterinary company.

On the other hand, Reka Industrial saw a significant decrease of 29.3 percent in its share price to 6.38 euros after announcing a giant dividend of 2.00 euros paid out to its shareholders. Meanwhile, Elecster, Tokmanni, and Viking Line also announced dividends to their investors.

Metsä Board revealed its plans to invest in the renovation of Simpele’s folding carton machine, with an investment valued at approximately EUR 60 million spread over the years 2024–2026. Spinnova concluded its change negotiations resulting in the dismissal of eight positions aimed at supporting the efficient implementation of the company’s updated strategy and reducing fixed costs. Real Estate Investment company Avaro acquired a shopping center property in Jyväskylä for seven million euros and Outokumpu finalized negotiations for restructuring its German operations, impacting 200 company employees.

Capman Buyout managed funds agreed on the sale of Havator Group to a Danish-Norwegian joint venture and Kone reported an improved adjusted operating profit while Fodelian and Siili Solutions experienced changes in their operating results and turnover among nine companies that published their interim reports on trading day.

In summary, while some companies experienced decline in their share prices or changes in their financial results, others made positive announcements about investments or div

By Aiden Johnson

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