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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.

Wulff Group

4.45 EUR+0.45 %8/9 16:15
4,068 following

WUF1V

NASDAQ Helsinki

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Dividend
Investor views
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+0.45 %
+4.46 %
+20.60 %
+18.67 %
+11.81 %
+55.59 %
+39.06 %
-8.06 %
-25.83 %

Wulff Group is a retailer of office supplies. The range is wide and includes, for example, inventory, IT solutions, first aid equipment, and various ergonomic solutions. In addition, lighting and products for construction sites are also offered. The company operates throughout the international market, with the largest presence in the Nordic market. The head office is located in Vantaa.

Read more
Market cap
30.74M EUR
Turnover
8.9K EUR
P/E (adj.) (26e)
11.18
EV/EBIT (adj.) (26e)
8.27
P/B (26e)
1.15
EV/S (26e)
0.31
Dividend yield-% (26e)
4.27 %
Coverage
Recommendation
Accumulate
Target price
4.40 EUR
Updated
2026-07-17
Disclaimer
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 2026-07-17

Latest extensive report

Released: 2026-02-21

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Wulff Works is expanding to Vaasa: sttinfo.fi Wulff Works avaa toiminnan Vaasassa: Markus Apuli vetämään Pohjanmaan... Yli 1 500 uutta tekijää työelämän alkuun ja satoja esihenkilöitä valmentanut Apuli edistää taitopohjaista rekrytointia ja lupaa tehdä siitä yrityksille kilpailuedun...
8/11/2026, 9:18 AM
by Karhu Hylje
4
This was already published in February 2026 to be applied for, at which point doctors was involved. In my opinion, it is clear that doctors has already been shut down, given the removal of the website and LinkedIn account.
5 hours ago
by BareBone
2
Great performance by Wulff, and Arttu also made the necessary forecast adjustments, hitting the nail on the head! The Q3 and Q4 forecasts also seem realistic. As for 2027, I believe in better performance. In Services - Works, there is clearly better execution, and my concerns about...
7/16/2026, 12:04 PM
by BareBone
2
It seems Doctorss’ pages can indeed no longer be found. That segment didn’t really take off, but they already had quite a few successful ramp-ups under their belt.
8/31/2026, 6:58 AM
by Karhu Hylje
1
On employment and the staffing industry:
8/17/2026, 6:18 AM
by Karhu Hylje
1
Here is a company report from Arttu :)\n\n> Wulff’s positive trend continued in Q2, as the company significantly improved its earnings, driven by both segments. The earnings growth outlook looks promising, which, in our view, offers investors an attractive risk-reward ratio.\n\nWulff...
7/17/2026, 6:43 AM
by Sijoittaja-alokas
1
Regarding autumn recruitments and consequently staffing agencies getting some media coverage in Kauppalehti:
9/1/2026, 5:03 AM
by Karhu Hylje
0
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
19/10
2026

Interim report Q3'26

Analyst Comment2026-09-03 07:27 by
Petri Gostowski

Personaluthyrningsbranschen i god fart i juli

Enligt personalbranschens omsättningsenkät uppgick de 20 största företagens omsättning i branschen i juli till ungefär 125 MEUR, vilket motsvarar en ökning på 5 % jämfört med motsvarande period föregående år.

EezyWulff Group
Tillväxten inom personaluthyrningsbranschen accelererade i juni
Analyst Comment2026-08-12 06:30 by
Petri Gostowski

Tillväxten inom personaluthyrningsbranschen accelererade i juni

Enligt omsättningsundersökningen för personalbranschen uppgick de 20 största företagens omsättning i maj till ungefär 132 MEUR, vilket motsvarar en tillväxt på knappt 6 % jämfört med samma period förra året.

EezyWulff Group
Wulff Q2'26: Fart på vinsttillväxtmotorn
Research2026-07-17 07:42 by
Arttu Heikura

Wulff Q2'26: Fart på vinsttillväxtmotorn

Företaget förbättrade sin vinst betydligt, drivet av båda segmenten.

Wulff Group

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Regulatory press release2026-07-16 08:30

Wulff Group Plc's Half-Year Financial Report January—June 2026: Record net sales and impressive earnings improvement for Wulff

Wulff Group
Wulff Q2'26 förhandskommentar: Resultatförbättringen fortsätter, men avkastningsförväntningarna har minskat
Research2026-07-15 06:10 by
Arttu Heikura

Wulff Q2'26 förhandskommentar: Resultatförbättringen fortsätter, men avkastningsförväntningarna har minskat

Vi förväntar oss att företaget har fortsatt sin tjänstedrivna omsättningstillväxt och förbättrat sin vinst.

Wulff Group
Asikainen återvänder som Wulffs VD
Analyst Comment2026-06-17 06:50 by
Rauli Juva

Asikainen återvänder som Wulffs VD

Sami Asikainen blir VD – snabb utnämning eliminerar osäkerhet och säkerställer strategins kontinuitet.

Wulff Group
Regulatory press release2026-06-16 09:30

Inside information: Sami Asikainen appointed as Wulff Group Plc’s new CEO

Wulff Group
Regulatory press release2026-06-09 15:30

Wulff Group Plc: Notification according to Chapter 9, Section 10 of the Securities Market Act

Wulff Group
Analyst Comment2026-06-02 07:04 by
Petri Gostowski

Personaluthyrningsbranschen fortsatte att växa något i april

Enligt omsättningsundersökningen för personalbranschen uppgick de 20 största företagens omsättning i april till cirka 117 MEUR, vilket motsvarar en tillväxt på knappt 1 % jämfört med samma period förra året.

EezyWulff Group
Analyst Comment2026-05-29 06:11 by
Arttu Heikura

Wulffs personaluthyrningsverksamhet internationaliseras till Rumänien

Expansionen till Rumänien förlänger tillväxtbanan för bemanningsföretaget.

Wulff Group
Analyst Comment2026-05-25 06:30 by
Rauli Juva

Wulff: VD Rahkonen lämnar företaget

VD Elina Rahkonen lämnar sin tjänst i augusti.

Wulff Group
Regulatory press release2026-05-22 14:00

Inside information: Wulff Group Plc’s CEO Elina Rahkonen will leave the company

Wulff Group
Wulff Q1'26: Vinsttillväxt upprätthåller attraktiv risk/reward
Research2026-04-28 06:10 by
Arttu Heikura

Wulff Q1'26: Vinsttillväxt upprätthåller attraktiv risk/reward

Wulff mångfaldigade sin vinst under Q1.

Wulff Group
Regulatory press release2026-04-27 08:30

Wulff Group Plc's Interim Report January—March 2026: Wulff’s net sales and operating profit continued to grow strongly

Wulff Group
Wulff Q1'26 förhandskommentar: Vi estimerar att vändningen i resultatet har fortsatt
Research2026-04-23 06:10 by
Arttu Heikura

Wulff Q1'26 förhandskommentar: Vi estimerar att vändningen i resultatet har fortsatt

Vi förväntar oss att den tjänstedrivna tillväxten, förändringen i försäljningsfördelningen och anpassningsåtgärderna har förbättrat koncernens resultat.

Wulff Group
Regulatory press release2026-04-09 13:00

Decisions of Wulff Group Plc’s Annual General Meeting on April 9, 2026

Wulff Group
Analyst Comment2026-04-01 06:30 by
Arttu Heikura

Wulff frigör mer kapital genom fastighetsförsäljning

Affären frigör kapital för företagsförvärv inom redovisningsverksamheten.

Wulff Group
Regulatory press release2026-03-31 10:00

Inside information: Wulff releases capital for business growth through the sale of its warehouse facility in Tuusula

Wulff Group
Regulatory press release2026-03-05 13:00

Notice to convene the Annual General Meeting of Wulff Group Plc

Wulff Group
Regulatory press release2026-03-05 08:30

Wulff Group Plc's Annual Review, Financial Statements, Corporate Governance Statement and Remuneration Report 2025 published

Wulff Group