Puuilo

We continue to see strong long-term growth and value creation potential for the company, and the share valuation has moderated as well.

The rapid sales growth is attributable to the record-fast expansion of the store network and moderate like-for-like growth.

The company's revenue is expected to continue growing rapidly, despite the market situation, supported by new store openings.

11:45

Puuilo reported its Q2 result last week and updated its targets. The company also revealed plans to expand to Sweden.

Puuilo's Q2 result was excellent once again, and the company announced ambitious new targets extending to 2030. Although we see conditions for long-term growth and value creation only getting stronger, we remain on the sidelines due to high valuation.

Puuilo's Q2'25 outcome was strong in terms of both revenue and results, aligning with consensus expectations but slightly missing our own, which had already reached the upper limit of the guidance. The most interesting news announced in this morning's earnings update came from the strategy front, as the company significantly raised its ambitions in Finland and will also begin piloting the concept in Sweden in the coming years.

Puuilo publishes its Q2’25 result (May-July) on Thursday at around 8:30 am EEST. We expect revenue to have continued its brisk growth, driven by both new and existing stores. We also expect earnings to have improved slightly faster than sales.