Norrhydro Group

1.26 EUR

+3.29 %

1,810 following

NORRH

First North Finland

Industrial Goods & Services

Industrials

+3.29 %
-7.38 %
-11.62 %
+4.58 %
+2.45 %
-3.83 %
-57.46 %
-
-69.65 %

Norrhydro Group operates in the industrial sector. The company specializes in the manufacture of hydraulic cylinders. In addition to its main operations, the company is engaged in research and development. Customers are found in various sectors, with the greatest concentration in the industrial sector. Norrhydro Group operates primarily in the Nordic region and has its headquarters in Finland.

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Market cap
13.91M EUR
Turnover
10.59K EUR
P/E (adj.) (26e)
9.63
EV/EBIT (adj.) (26e)
8.64
P/B (26e)
1.45
EV/S (26e)
0.7
Dividend yield-% (26e)
-
Coverage
Recommendation
Accumulate
Target price
1.70 EUR
Updated
2026-04-23
Disclaimer
Pauli Lohi
Pauli Lohi

Analyst

Latest research

Latest analysis report

Released: 2026-04-23

Latest extensive report

Released: 2025-12-03

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
15/7
2026

Interim report Q2'26

21/10
2026

Business review Q3'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
It has never been stated that the convertible bond (VVK) must be paid off before dividend payments. Our priority remains on debt repayment despite this small capital return. Currently, the interest-bearing debt/EBITDA ratio is at approximately 3 and is continuously decreasing. The...
5/11/2026, 3:26 PM
by Yrjö Trög, Norrhydro toimitusjohtaja
23
On the other hand, I wouldn’t have minded using that amount for extra loan repayments, as I tend to have quite a bit of debt.
5/8/2026, 4:15 PM
by jps
22
No new convertible loan was issued here; this was simply an amendment to the repayment terms of the existing loan. There are no changes in other respects. The convertible loan can still be repaid prematurely if the company so desires. This decision was made to seek a bit more flexibility...
5/11/2026, 2:14 PM
by Yrjö Trög, Norrhydro toimitusjohtaja
17
Paying 10% interest on loans feels quite irrational at the same time as dividends are being distributed. Even the return on equity (ROE) has been lower than the interest rate, at least in the recent past. In the forecasts, however, it is already at quite a good level. The company...
5/9/2026, 9:09 PM
by Ripelein
17
Thanks @Yrjo_Trog_Norrhydro for the clarification. In the Q4’25 interview video below, at the “07:20 Financial position” mark, you indeed only described debt repayments on a general level before any potential distribution of profits. In other words, you certainly didn’t speak specifically...
5/11/2026, 4:48 PM
by R-o-E
9
A pleasant surprise that they dare to pay: Inderes NORRHYDRO GROUP OYJ:N HALLITUS PÄÄTTI PÄÄOMANPALAUTUKSEN MAKSAMISESTA - Inderes Norrhydro Group Oyj | Yhtiötiedote | 08.05.2026 klo 15:00:00 EESTNorrhydro Group Oyj: n hallitus on päättänyt varsinaiselta yhtiökokoukselta 24.3.2026...
5/8/2026, 12:04 PM
by Juippi
7
Viljakainen has released a new company report on Norrhydro following Q1 Norrhydro’s Q1 was clearly better than our expectations in terms of earnings, and good cash flow supported the company’s financial position. We made no material changes to our near-term annual forecasts after...
4/23/2026, 5:21 AM
by Sijoittaja-alokas
7
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