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Research

Biohit: From basics to growth mode

By Antti SiltanenAnalyst
Biohit
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In its recent strategy update for 2024-2028, Biohit said it aims to achieve 15-20% annual growth with an EBIT target of at least 10% of revenue. Compared to our previous forecasts, the targets emphasis growth, with profitability taking a back seat. We have updated our forecasts to higher growth, but contrastively we have slightly lowered our earnings expectations. With capital geared towards supporting growth, we no longer expect dividends in the coming years. The valuation picture has remained largely unchanged, and the risk/return ratio of the stock remains attractive.

Biohit operates in the medical technology sector. The company develops and manufactures laboratory equipment, consumables and diagnostic analysis systems adapted for research, healthcare and industrial laboratories. In addition to its main business, it offers technical support, maintenance and training services within the aforementioned field of work. The largest operations are conducted in the Nordic market. The company has its headquarters in Helsinki.

Read more on company page

Key Estimate Figures2023-12-20

202223e24e
Revenue11.012.414.1
growth-%17.0 %13.2 %14.0 %
EBIT (adj.)1.11.91.9
EBIT-% (adj.)10.3 %15.4 %13.1 %
EPS (adj.)0.040.110.11
Dividend0.000.000.00
Dividend %
P/E (adj.)39.331.530.6
EV/EBITDA11.418.818.8

Forum discussions

We did a quick update on Biohit with Antti. Inderes Biohit kasvaa ja kannattaa - Inderes Aika: 27.01.2026 klo 16.37 Biohitin osake sekä liiketoiminta...
1/27/2026, 2:40 PM
by Iikka Numminen
20
H1 revenue was €7.4M and did not grow from the previous year. H2 2024 was €6.9M. Reaching even the lower end of the guidance at €15.7M would...
1/23/2026, 2:33 PM
by Tiloski
6
Three weeks since the turn of the year and no negative profit warning has been issued, at least not yet. Revenue guidance for last year was ...
1/22/2026, 9:23 PM
by Onni Mäihä
14
Antti has written a new company report on Biohit. Biohit’s share price has declined and, as a result, the risk/reward ratio has turned attractive...
1/16/2026, 7:44 AM
by Sijoittaja-alokas
10
Well that explains a bit, thanks for this! Doesn’t give me the chills after all.
1/15/2026, 10:23 AM
1
Hendolin held management positions at Biohit during 2007–2008, 2014–2017, and 2022–2026, so he has certainly managed to do a lot for the company...
1/14/2026, 1:14 PM
by Hermot Lehman
6
https://www.inderes.fi/releases/muutos-biohitin-johtoryhmassa. Well, at least there’s some news for a change. They served in the role for a ...
1/14/2026, 9:58 AM
2
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