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KH Group

0.47 EUR

0.00 %

7,719 following
Corporate customer

KHG

NASDAQ Helsinki

Conglomerates

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Financials & Estimates
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0.00 %
+1.73 %
+13.49 %
+3.52 %
-12.45 %
-5.04 %
-60.42 %
-56.79 %
-94.76 %

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
27.36M EUR
Turnover
20.53K EUR
P/E (adj.) (25e)
20
EV/EBIT (adj.) (25e)
18.65
P/B (25e)
0.58
EV/S (25e)
0.5
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
High
All
Research
Webcasts
Press releases
ShowingAll content types
Regulatory press releaseyesterday

Proposals of the Shareholders’ Nomination Board of KH Group Plc to the Annual General Meeting

KH Group
Regulatory press release1/14/2026, 7:50 AM

KH Group Plc - Managers' Transactions – Carl Haglund

KH Group
Regulatory press release12/29/2025, 3:10 PM

KH Group Plc - Managers' Transactions – Juha Karttunen

KH Group

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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
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
Forum discussions
The CEO purchased 47,000 shares on January 12, 2026. Inderes KH Group Oyj – Johdon liiketoimet – Carl Haglund - Inderes KH Group Oyj Pörssitiedote 14.1.2026 klo 9.50 KH Group Oyj – Johdon liiketoimet – Carl Haglund ____________________________________________ Ilmoitusvelvollinen ...
1/14/2026, 7:54 AM
by Raha-aasi
27
Saurus has signed a framework agreement with the Vantaa and Kerava wellbeing services county for the period Dec 9, 2025 – Dec 31, 2027, after which it will continue indefinitely. According to the agreement, Saurus is the sole supplier with overall responsibility for the Central Uusimaa...
1/25/2026, 5:10 PM
by Raha-aasi
24
A bit of news regarding KH-Koneet Group’s competitive landscape: Canadian heavy equipment dealer SMS Equipment has acquired Suomen Rakennuskone Oy. The company, headquartered in Pirkanmaa, has generated annual revenues of 40-50 MEUR in recent years, which is about a third of KH-Koneet...
1/25/2026, 11:08 AM
by Raha-aasi
13
Ilta-Sanomat – 29 Jan 26 Konkurssihakemus Askon ja Sotkan omistajasta Kyse on merkittävistä maksamattomista saatavista, IS:lle kerrottiin. Ilta-Sanomat – 29 Jan 26 Konkurssihakemus: Nyt puhuu Askon ja Sotkan omistaja Huonekalualan markkinatilanne on ollut erittäin haastava, huonekalubr...
6 hours ago
by Cadel
9
@Thomas_Westerholm I’ve been traveling around my “home turf” in Pirkanmaa, Central Finland, and South Ostrobothnia over the past few weeks and made a couple of “KH observations”: Other local and nationwide machinery rental companies not part of KH Group seem to have, for example,...
1/22/2026, 3:30 PM
by Raha-aasi
8
I suppose the reason for this will also be revealed in the next financial statement… it’s not exactly a gold mine industry.. Komatsu is a really big player globally and they won’t run out of money… in Finland, it’s relatively small. Mainly strong in the mining sector. I don’t know...
1/25/2026, 5:18 PM
by All in aina
7
I’m not KH, but they have a contract. There’s always some bypassing/parallel importing, but it doesn’t affect the business. KH sells directly or re-rents to other rental companies. Selling to rental companies is always bad business. You’re up against professional buyers. They sit...
1/22/2026, 3:47 PM
by All in aina
7
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