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KH Group

0.80 EUR+2.04 %21/10 17:29
7,711 following

KHG

NASDAQ Helsinki

Conglomerates

Industrials

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Short Selling
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+2.04 %
-12.25 %
+47.43 %
+38.28 %
+73.22 %
+87.82 %
+3.62 %
-63.21 %
-91.07 %

KH Group Plc is a Nordic corporation supporting sustainable construction and society’s critical functions with two business areas: KH-Koneet, supplier of construction and earthmoving machinery, and Nordic Rescue Group, rescue vehicle manufacturer. KH Group’s share is listed on Nasdaq Helsinki.

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Market cap
46.58M EUR
Turnover
35.68K EUR
P/E (adj.) (26e)
17.6
EV/EBIT (adj.) (26e)
12.1
P/B (26e)
0.91
EV/S (26e)
0.54
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
0.90 EUR
Updated
2026-10-11
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 2026-10-12

Latest extensive report

Released: 2026-02-17

Revenue and EBIT-%
EPS and dividend
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Forum discussions
tools.eurolandir.com Sisäpiiritieto, tulosvaroitus: KH Group Oyj tarkentaa ohjeistustaan vuodelle... KH Group Plc updates its guidance for 2026 and provides preliminary information on the net sales and comparable operating profit for the third quarter of 2026. The updated guidance...
10/9/2026, 10:42 AM
by Cadel
20
Sweden’s latest construction barometer from September has been published. According to the barometer, earthmoving contractors’ sentiment is significantly stronger than normal, and the next three months are also expected to be extremely strong. “However, companies expect construction...
9/30/2026, 6:37 AM
by Raha-aasi
15
Good question. I’ll try to summarize below, but those more familiar with group accounting are free to chime in and complement my answer! Starting with sales: KH-Koneet’s Swedish subsidiary (KH Maskin) sells and rents machinery in kronor, but, as I understand it, purchases machines...
10/12/2026, 11:42 AM
by Thomas Westerholm
14
Thanks Alokas I’m left with somewhat mixed feelings about KH Group’s guidance change. Q3 went stronger than my expectations, plus management commented that the outlook for the subsidiaries had improved. At the same time, the upper end of the current year’s 9-10 MEUR earnings guidance...
10/12/2026, 7:26 AM
by Thomas Westerholm
13
Probably pretty expected guidance. Looking at it more closely, my understanding is that Q3 operating profit seems to be 3.2M, which is less than Q2. And the guidance implies a range of 3.1M–4.1M for Q4. Q2 operating profit was 4.1M and Q1 was in the negative. Pretty steady performance...
10/9/2026, 10:58 AM
by Farseer
12
Thanks for the clarification @Thomas_Westerholm. The Inderes community at its best.
10/12/2026, 1:06 PM
by Raha-aasi
8
Here is an article on KH Group by SalkunRakentaja’s Jorma Erkkilä; mostly familiar stuff for those who have followed the company more closely, it only takes a few minutes to read. The group’s board has set a goal of becoming an industrial group focusing on earthmoving machinery and...
10/11/2026, 8:08 AM
by Sijoittaja-alokas
8
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
30/10
2026

Interim report Q3'26

12/2
2027

Annual report '26

4/5
2027

General meeting '27

Regulatory press release2026-10-12 14:40

Composition of KH Group Plc’s Shareholders’ Nomination Board

KH Group
KH Group: Time for a breather
Research2026-10-12 10:25 by
Thomas Westerholm

KH Group: Time for a breather

Preliminary data from KH Group indicates that the group's strong performance from Q2 has continued. While Q3 revenue was in line with our estimates, profitability was stronger than expected.

KH Group
Regulatory press release2026-10-09 12:30

Inside information, profit warning: KH Group Plc specifies its guidance for 2026 and publishes preliminary net sales and comparable operating profit for the 3rd quarter. Comparable operating profit grows 40–50%.

KH Group

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Regulatory press release2026-09-23 10:50

KH Group’s financial reporting and Annual General Meeting in 2027

KH Group
KH Group Q2'26: A strong quarter
Research2026-08-17 10:05 by
Thomas Westerholm

KH Group Q2'26: A strong quarter

KH Group's Q2 earnings exceeded our expectations in terms of both revenue and especially profitability. The positive surprises in the report were the turnaround in KH-Koneet's Swedish business and additional visibility into NRG's strong order book.

KH Group
KH Group Oyj, Q2'26
Webcast2026-08-14 13:00

KH Group Oyj, Q2'26

KH Group
KH Group Q2'26 flash comment: Swedish turnaround led to a clear earnings beat
Analyst Comment2026-08-14 08:58 by
Thomas Westerholm

KH Group Q2'26 flash comment: Swedish turnaround led to a clear earnings beat

KH Group's Q2 earnings exceeded our expectations in terms of both revenue growth and especially profitability. The positive surprises in the report highlighted the turnaround in KH-Koneet's Swedish business and a broad-based improvement in relative profitability.

KH Group
Regulatory press release2026-08-14 07:00

KH Group Plc’s Half-Year Report 1 January–30 June 2026: Growth continued and profitability improved year-on-year

KH Group
KH Group Q2'26 preview: Subsidiaries are pulling earnings upward
Analyst Comment2026-08-12 08:00 by
Thomas Westerholm

KH Group Q2'26 preview: Subsidiaries are pulling earnings upward

We expect the company's revenue and adjusted EBIT to have grown significantly from the comparison period, driven by both subsidiaries.

KH Group
Regulatory press release2026-05-12 12:20

Juha Karttunen has resigned from the Board of Directors of KH Group Plc. Christoffer Landtman has been elected new chair of the Board of Directors.

KH Group
Regulatory press release2026-05-06 09:40

Minni Lempinen appointed as CFO of KH Group Plc

KH Group
KH Group Q1'26: Weak quarter leaves ground to make up
Research2026-05-06 10:04 by
Thomas Westerholm

KH Group Q1'26: Weak quarter leaves ground to make up

KH Group's Q1 profitability was at a weak level due in part to timing-related factors.

KH Group
Regulatory press release2026-05-05 16:30

Decisions of KH Group’s Annual General Meeting and the constitutive meeting of the Board of Directors

KH Group
KH Group Q1'26 snabbkommentar: Leveransförseningar tyngde resultatet under förväntningarna
Analyst Comment2026-05-05 08:29 by
Thomas Westerholm

KH Group Q1'26 snabbkommentar: Leveransförseningar tyngde resultatet under förväntningarna

KH Groups marginal var betydligt lägre än våra förväntningar under det säsongsmässigt lugna Q1, trots att omsättningen fortsatte att växa.

KH Group
Regulatory press release2026-05-05 07:00

KH Group Plc’s Interim Report January–March 2026: Growth continued, but profitability declined during a seasonally subdued quarter

KH Group
KH Group Q1'26 förhandskommentar: Med dubbel dragkraft mot resultatförbättring
Analyst Comment2026-04-30 07:27 by
Thomas Westerholm

KH Group Q1'26 förhandskommentar: Med dubbel dragkraft mot resultatförbättring

Vi estimerar att omsättningen och det justerade rörelseresultatet har ökat från jämförelseperioden, drivet av båda dotterbolagen.

KH Group
Regulatory press release2026-04-10 13:45

Notice to the Annual General Meeting of KH Group Plc

KH Group
Analyst Comment2026-03-31 08:04 by
Thomas Westerholm

KH Group strengthens its financial position with a 33.5 MEUR arrangement

KH Group announced on Monday that it has signed secured financing agreements totaling 33.5 MEUR.

KH Group
Press release2026-03-30 15:00

KH Group has signed financing agreements totalling EUR 33.5 million

KH Group
Regulatory press release2026-03-26 13:30

KH Group’s Annual Report 2025 published

KH Group