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KH Group

0.43 EUR

-0.70 %

7,726 following

KHG

NASDAQ Helsinki

Conglomerates

Industrials

Overview
Financials & Estimates
Investor consensus
Compare
-0.70 %
-7.56 %
+3.63 %
-0.47 %
-21.03 %
-18.32 %
-63.42 %
-62.29 %
-95.23 %

Sievi Capital is now a conglomerate with a new name KH Group. Our medium-term objective is to become an industrial group built around the business of KH-Koneet Group. KH Group’s share is listed on Nasdaq Helsinki.

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Market cap
24.86M EUR
Turnover
9.24K EUR
P/E (adj.) (25e)
18.18
EV/EBIT (adj.) (25e)
18.18
P/B (25e)
0.53
EV/S (25e)
0.49
Dividend yield-% (25e)
-
Coverage
Recommendation
Reduce
Target price
0.45 EUR
Updated
2025-11-28
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 2025-11-28

Latest extensive report

Released: 2024-03-11

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
20/3
2026

Annual report '25

5/5
2026

Interim report Q1'26

5/5
2026

General meeting '26

Risk
Business risk
Valuation risk
Low
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Research
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Press releases
ShowingAll content types
Regulatory press release12/29/2025, 3:10 PM

KH Group Plc - Managers' Transactions – Juha Karttunen

KH Group
Regulatory press release12/29/2025, 12:45 PM

KH Group Plc - Managers' Transactions – Juha Karttunen

KH Group
Regulatory press release11/28/2025, 1:10 PM

KH Group’s financial reporting and Annual General Meeting in 2026

KH Group

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KH Group: Clearer focus going forward
Research11/28/2025, 12:01 PM by
Thomas Westerholm

KH Group: Clearer focus going forward

With the transaction, KH Group completed its strategic transformation journey, and the availability of financing for its subsidiaries should improve.

KH Group
KH Group lämnar äntligen Indoor Group-sagan bakom sig
Analyst Comment11/21/2025, 5:08 AM by
Thomas Westerholm

KH Group lämnar äntligen Indoor Group-sagan bakom sig

I samband med arrangemanget kommer KH Group att redovisa en förlust på 3,3 MEUR i sitt Q4-resultat.

KH Group
Regulatory press release11/20/2025, 7:45 AM

Inside information: KH Group has sold its shares in Indoor Group and agreed on financing arrangements related to the sale

KH Group
KH Group Q3'25: The story is taking shape
Research11/3/2025, 8:37 AM by
Thomas Westerholm

KH Group Q3'25: The story is taking shape

The change of CEO at KH-Koneet and the integration of NRG into the group's strategy stole the spotlight on KH Group's earnings day.

KH Group
KH Group Q3’25 snabbkommentar: Mycket att smälta
Analyst Comment10/31/2025, 7:27 AM by
Thomas Westerholm

KH Group Q3’25 snabbkommentar: Mycket att smälta

KH Group meddelade en ändring i sin strategi, som syftar till att skapa en koncern med fokus på entreprenadmaskiner och räddningsfordon.

KH Group
Regulatory press release10/31/2025, 6:00 AM

KH Group Plc’s Business Review January–September 2025: Group net sales increased, rescue vehicles integrated into strategy

KH Group
KH Group Q3’25 förhandskommentar: Flera frågor i luften
Analyst Comment10/29/2025, 5:30 AM by
Thomas Westerholm

KH Group Q3’25 förhandskommentar: Flera frågor i luften

Från rapportdagen söker vi klarhet i bakgrunden till de faktorer som har plågat KH-Koneets marginal, den nya verkställande direktörens ståndpunkt om KH Groups strategiska revidering och säkerhet att det inte finns nya överraskningar bakom det oväntade VD-bytet.

KH Group
Regulatory press release10/8/2025, 11:00 AM

Composition of KH Group Plc’s Shareholders’ Nomination Board

KH Group
KH Group: A veil of uncertainty settled over the story
Research9/22/2025, 8:14 AM by
Thomas Westerholm

KH Group: A veil of uncertainty settled over the story

KH Group’s feared profit warning was a disappointment, as it confirmed that the challenges of the company’s most important business, KH-Koneet, continue.

KH Group
Regulatory press release9/19/2025, 12:20 PM

Inside information: Carl Haglund appointed as CEO of KH Group Plc

KH Group
Regulatory press release9/19/2025, 9:45 AM

Inside information, profit warning: KH Group Plc lowers its profit guidance for 2025

KH Group
KH Group Q2'25: Quarterly results dampened by Swedish machine rental
Research8/18/2025, 1:18 PM by
Thomas Westerholm

KH Group Q2'25: Quarterly results dampened by Swedish machine rental

KH Group's Q2 report was disappointing due to the weakened profitability of KH-Koneet and the extremely poor performance of the Indoor Group, which is up for sale.

KH Group
KH Group Q2’25 snabbkommentar: Maskinuthyrningen hostar
Analyst Comment8/15/2025, 6:30 AM by
Thomas Westerholm

KH Group Q2’25 snabbkommentar: Maskinuthyrningen hostar

KH Groups Q2-rapport var svag gällande KH-Koneets svenska affärsområden samt Indoor Group som är till försäljning, medan NRG presterade i linje med förväntningarna.

KH Group
Regulatory press release8/15/2025, 5:00 AM

KH Group Plc’s Half-Year-Report 1 January–30 June 2025: KH-Koneet’s profitability declined – NRG performed well, orderbook at record-high level

KH Group
KH Group Q2’25 förhandskommentar: Vi förväntar att KH-Koneets positiva utveckling har fortsatt
Analyst Comment8/13/2025, 5:10 AM by
Thomas Westerholm

KH Group Q2’25 förhandskommentar: Vi förväntar att KH-Koneets positiva utveckling har fortsatt

Säsongsmässigt är Q2 typiskt bra för koncernens fortlöpande affärsområden, men utmanande för Indoor Group, som är aktivt till försäljning.

KH Group
Press release6/25/2025, 5:30 AM

KH Group: Indoor Group’s change negotiations concluded – profitability improvement measures continue

KH Group
Analyst Comment6/25/2025, 4:42 AM by
Thomas Westerholm

Försvarsmaktens order stöder utsikterna för KH Groups dotterbolag Nordic Rescue Group

Försvarsmakten anskaffar 14 släckbilar och en skumsläckbil från Scania Suomi. Till denna beställning levererar Saurus Oy, som ingår i KH Group-dotterbolaget Nordic Rescue Group, utrustning och utrustning för cirka 10 MEUR. Den erhållna affären är en fortsättning på Försvarsmaktens och Nordic Rescue Groups samarbete som har pågått i över ett decennium.

KH Group
Forum discussions
Doesn’t evoke any feelings. I used Midsummer of this year as a comparison point, and not a single new name had risen to the top 12 owners, nor had any old name disappeared. Four of these entities had made small additions. The ownership share of the largest owners has slightly increased...
12/22/2025, 12:41 PM
by Ummon
21
As I understand it, that deadline for the notification obligation is calculated from trading days, not calendar days. According to this, the notification was made on time, as today is the second trading day since the execution of the trades.
12/29/2025, 3:21 PM
18
Taking a small position Inderes KH Group Oyj – Johdon liiketoimet – Juha Karttunen - Inderes KH Group Oyj Pörssitiedote 29.12.2025 klo 14.45 KH Group Oyj – Johdon liiketoimet – Juha Karttunen ____________________________________________ Ilmoitusvelvollinen Nimi: Juha Karttunen Asema...
12/29/2025, 12:54 PM
by Tunturisusi
18
There was also another notification regarding Karttunen’s purchases. In the second notification, 50,000 more shares. Inderes KH Group Oyj – Johdon liiketoimet – Juha Karttunen - Inderes KH Group Oyj Pörssitiedote 29.12.2025 klo 17.10 KH Group Oyj – Johdon liiketoimet – Juha Karttunen...
12/29/2025, 3:37 PM
by Raha-aasi
5
Yes, these have been done correctly - do the math and check the FIN-FSA (Fiva) website.
12/29/2025, 3:38 PM
by Eugene Fama
4
A person discharging managerial responsibilities must notify the company within 3 business days, and the company must disclose it within 2 business days after receiving the notification. So, it was handled well ahead of schedule.
12/29/2025, 3:31 PM
by Tuul1puku
4
If the trades were already made on Dec 22, why is this notification only coming out now? Is there such a long delay in Inderes’ service, or has KH Group failed to handle the matter properly? “Notification must be made without delay and no later than within two days.”
12/29/2025, 3:12 PM
by Ruoto
2
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