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KH Group

0.41 EUR

-0.24 %

7,739 following

KHG

NASDAQ Helsinki

Conglomerates

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Financials & Estimates
Investor consensus
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-0.24 %
-5.91 %
-22.47 %
-21.29 %
-23.05 %
-23.33 %
-65.90 %
-61.13 %
-95.39 %

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
24.04M EUR
Turnover
27.2K EUR
P/E (adj.) (25e)
17.58
EV/EBIT (adj.) (25e)
18.03
P/B (25e)
0.51
EV/S (25e)
0.48
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
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Press releases
ShowingAll content types
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

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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
Press release6/24/2025, 7:45 AM

KH Group: Saurus Oy secured a significant order from Defence Forces

KH Group
Press release5/12/2025, 9:00 AM

KH Group: Indoor continues profitability improvement measures – the company will start change negotiations

KH Group
Forum discussions
I think it’s good that Haglund gave this interview and thereby opened up KH Group’s thinking to the media regarding both Indoor’s divestment and the continuation of the “change project”. I also got to meet him this week, and similar themes were discussed there. Next, the focus will...
11/28/2025, 7:48 AM
by Thomas Westerholm
15
KH-Koneet has won tenders for the delivery of a total of three sweeping vehicles to the City of Helsinki. The total value of the announcements is EUR 1.6 million. Published 3.12. hankintailmoitukset.fi Hilma Published 21.11. hankintailmoitukset.fi Hilma
yesterday
by Raha-aasi
13
These are probably all Brock-branded sweeping vehicles, which KH Koneet imports. For example, that 18-ton vehicle costing 555,000 EUR is a Scania P 320 B4x2NB CP17L Brock VS7. Source: Helsingin kaupunki – 1 Oct 25 Lakaisuajoneuvon (18 t) hankinta
yesterday
by Raha-aasi
10
https://www.inderes.fi/files/d6a377ca-e3b6-4cdf-b0cd-ba4d1d232600 New analysis coming. Reduce recommendation continues, and risk factors include Indoor’s cyclicality and Indoor’s balance sheet risks.
11/28/2025, 6:12 AM
by Critter
7
No idea about the car’s own margin, but those dirty sweeping devices account for the lion’s share of the cost. And they should have a 40% margin. The downside is that the manufacturer pays about 29€/h for warranties, no travel costs or anything, so every job results in a loss when...
yesterday
by All in aina
3
It seems clear that the financing terms will improve then. This should then be reflected in future
11/27/2025, 3:53 PM
by Jarkko
2
So then, shouldn’t the aftermarket be a profitable business? Unless of course one has to do warranty work
yesterday
1
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