Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Q&A
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Kesla

4.19 EUR-1.18 %11/9 17:25
3,612 following

KELAS

NASDAQ Helsinki

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Dividend
Investor views
Compare
-1.18 %
-2.33 %
-20.94 %
+45.49 %
+82.17 %
+37.83 %
-7.30 %
-27.00 %
+133.56 %

Kesla is a manufacturing company within forestry technology, which includes solutions such as truck and industrial cranes, harvester heads, wood chippers and grapples. In addition to its main business, the company supplies cabs and seating equipment. The products are sold around the global market, with the largest presence in Europe, North and South America. The company was founded in 1960 and has its headquarters in Joensuu.

Read more
Market cap
14.18M EUR
Turnover
1.71K EUR
P/E (adj.) (26e)
-45.9
EV/EBIT (adj.) (26e)
24.96
P/B (26e)
1.97
EV/S (26e)
0.48
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
4.10 EUR
Updated
2026-08-24
Disclaimer
Aapeli Pursimo
Aapeli Pursimo

Analyst

Latest research

Latest analysis report

Released: 2026-08-24

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Press releases
ShowingAll content types

Forum discussions
Here is a fresh company report on Kesla from Aapeli Kesla’s Q2 report turned positive, with the exception of order intake. A particular highlight was the extremely strong cash flow, although we estimate that there were exceptional factors behind this. As a result, the financial position...
8/24/2026, 5:06 AM
by Sijoittaja-alokas
4
KESLA Defence expands the performance of the Kerberos system to critical infrastructure with a new concrete drilling solution - Inderes
8/17/2026, 6:41 AM
by Tuuukka
4
Yes, but that is exactly the point: “In line with cash flow development, Kesla reduced its interest-bearing net debt by EUR 4.6 million in H1, and the company had EUR 6.1 million in net debt at the end of H1. As a result, the gearing ratio on the balance sheet side fell from the ...
8/21/2026, 7:02 AM
by Maikköl
3
The result was excellent for this point in time. a) Q2 operating profit is in the black and cash flow was strong! b) “Our outlook, particularly in the defense industry, is strong.” c) The financial situation is no longer critical (?): “…we have been able to reduce net debt, meet ...
8/21/2026, 6:07 AM
by Maikköl
3
Follow-up note from Kauppalehti. A well-phrased headline; the operating profit really did seem to struggle to stay in the black: Tärkeimmät talousuutiset | Kauppalehti – 21 Aug 26 Puolustusvälinetoimitukset tukivat Keslaa kasvuun – Liiketulos pinnisti... Työkonevalmistajan liikevaihto...
8/21/2026, 6:21 AM
by Maikköl
2
Good result. This is a good foundation to build on, and shareholders don’t need to be nervous. Personally, I’m waiting to see if Avant takes on a bigger role, but we’ll see about that sometime in the future.
8/21/2026, 5:45 AM
by jätkä1
2
Kesla’s active communication regarding new products is also a pretty nice thing. KESLA Defence ja Avant Power aloittavat yhdessä liikkuvan energialogistiikan kehittämisen puolustusalan tarpeisiin - Inderes “The mobile battery packs can be equipped with ballistic protection, which...
8/19/2026, 8:16 AM
by Maikköl
2
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
30/10
2026

Business review Q3'26

Press release2026-09-02 09:10

Kesla Launches the New KESLA proC i Lite Control System – Cost-Effective Electric Loader Control for Everyday Forestry Work

Kesla
Press release2026-09-02 09:00

Kesla Expands its Tractor Equipment Range with the New KESLA 145 Forest Trailer

Kesla
Press release2026-09-02 09:00

Kesla Introduces New Harvester Heads for Efficient Small-Diameter Timber Harvesting

Kesla

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Press release2026-09-02 09:00

Kesla Launches New 2212-2217 Truck Crane Series for Demanding Loading Operations

Kesla
Press release2026-09-02 09:00

Kesla Introduces the New KESLA proG60 Timber Grapple for Large Timber Handling

Kesla
Kesla Q2'26: På väg mot det bättre, även om hinder fortfarande måste undanröjas
Research2026-08-24 07:00 by
Aapeli Pursimo

Kesla Q2'26: På väg mot det bättre, även om hinder fortfarande måste undanröjas

Keslas Q2-rapport vände till det positiva, med undantag för orderingången.

Kesla
Press release2026-08-21 09:00

Kesla Launches proPILOT and proC i 2.0 Control Systems for Timber Cranes

Kesla
Kesla Q2’26 snabbkommentar: På den positiva sidan förutom orderingången
Analyst Comment2026-08-21 08:25 by
Aapeli Pursimo

Kesla Q2’26 snabbkommentar: På den positiva sidan förutom orderingången

Företagets vinst överträffade något våra estimat, med stöd av omsättningsutvecklingen, och ett starkt kassaflöde förbättrade företagets finansiella ställning.

Kesla
Press release2026-08-19 09:15

KESLA Defence and Avant Power Join Forces to Develop Energy Logistics Capability for Defence Operations

Kesla
Kesla Q2’26 förhandskommentar: Resultatförväntningarna ligger först under andra halvåret
Analyst Comment2026-08-18 06:10 by
Aapeli Pursimo

Kesla Q2’26 förhandskommentar: Resultatförväntningarna ligger först under andra halvåret

Vi förväntar oss att företagets omsättning och resultat har förbättrats något från en svag jämförelseperiod, men att rörelseresultatet fortfarande ligger på nollnivå.

Kesla
Press release2026-08-17 08:00

KESLA Defence Expands Kerberos Capability to Critical Infrastructure with New Concrete Drilling Solution

Kesla
Press release2026-06-23 13:00

Kesla Introduces the New BB360 Rotator for Harvester Heads

Kesla
Press release2026-06-05 11:00

Kesla Launches New F-Series Forestry Cranes – Performance, Controllability and Modularity for the Most Common Forwarder Classes

Kesla
Press release2026-06-01 13:00

Kesla Reappoints Rosenqvist Maskin AB as Tractor Equipment Dealer in Sweden

Kesla
Kesla planerar avyttring av traktormonterade civila applikationer
Analyst Comment2026-05-12 06:08 by
Aapeli Pursimo

Kesla planerar avyttring av traktormonterade civila applikationer

Beslutet är en del av företagets bredare strukturella utvärderingsprocess som inleddes i december 2025.

Kesla
Kesla Q1'26: Försiktiga tecken på förbättring inom den civila sektorn
Research2026-05-08 07:00 by
Aapeli Pursimo

Kesla Q1'26: Försiktiga tecken på förbättring inom den civila sektorn

Keslas Q1-resultat tyngdes som väntat av en förlust, vilket återspeglar den låga orderstocken.

Kesla
Kesla Q1’26 snabbkommentar: Väntat svagt resultat, men ljusglimtar även på civilsidan
Analyst Comment2026-05-07 07:56 by
Aapeli Pursimo

Kesla Q1’26 snabbkommentar: Väntat svagt resultat, men ljusglimtar även på civilsidan

Företagets vinst tyngdes som väntat av en tydlig förlust i början av året, men samtidigt lyckades företaget försvara sitt kassaflöde.

Kesla
Kesla Q1’26 förhandskommentar: Orderingången kommer att vara stark tack vare Defence-ordern
Analyst Comment2026-05-04 23:34 by
Aapeli Pursimo

Kesla Q1’26 förhandskommentar: Orderingången kommer att vara stark tack vare Defence-ordern

Kesla publicerar sin Q1-rapport torsdagen den 7 maj.

Kesla
Kesla Q4'25: Försvar ljusar upp utsikterna, men finansieringen oroar
Research2026-03-27 07:45 by
Aapeli Pursimo

Kesla Q4'25: Försvar ljusar upp utsikterna, men finansieringen oroar

Keslas Q4-resultat tyngdes ned betydligt mer än vad vi förväntade oss.

Kesla
Kesla Q4’25 snabbkommentar: Finansiell ställning håller risknivån hög, men guidningen förutspår operationell förbättring
Analyst Comment2026-03-26 08:30 by
Aapeli Pursimo

Kesla Q4’25 snabbkommentar: Finansiell ställning håller risknivån hög, men guidningen förutspår operationell förbättring

Kesla publicerade sin Q4-rapport i morse.

Kesla