contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


toivo-group-indgik-aftale-om-et-raekkehusprojekt-til-42-meur-i-mankkaa-espoo

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Frans-Mikael Rostedt

Toivo Group operates in the real estate industry. The company develops and manages a wide range of property portfolios. The vision is to own the properties in the long term with a focus on management and further development, where renovation and reconstruction account for the majority of the business. In addition to the main business, support and technical maintenance are offered. The largest share of the real estate investments is found in the Nordic market.

Here are Frans’s concise comments on Toivo’s row house contract in Mankkaa.                    Inderes              Toivo Group teki sopimuksen 4,2 MEUR:n rivitalohankkeesta Espoon Mankkaalla -...    Hanke on yhtiölle tyyplinen pieni omistusasuntohanke.

I updated my estimate of the purchase price based on the press releases from Citycon (EUR 61.5 million) and Storebrand (total EUR 80 million). In my view, a more accurate estimate is that the transaction took place at approximately book values (~EUR 18 million) rather than EUR 16–18 million as I originally estimated. Additionally, the transaction was an off-market deal, which increases the likelihood that the deal would correspond roughly to book values. Storebrand made a big move today by purchasing 999 apartments in the Helsinki metropolitan area from Ilmarinen. Liquidity is starting to emerge, and as expected, it is coming from international investors.

Here are Juha’s comments on Toivo starting an approximately 11 million euro construction project in Oulunkylä.                    Inderes              Toivo on aloittanut Helsingin Oulunkylään noin 11 MEUR:n omistusasuntohankkeen...    Toivo on käynnistänyt Helsingin Oulunkylään noin 11 MEUR:n rakennushankkeen.

Here are Frans’s comments on Toivo’s new major moves.  Toivo issued three announcements on the company’s super Friday. Toivo signed a preliminary land lease agreement with the City of Helsinki for a 40–50 MEUR project entity for the years 2026–2029 in an excellent location at the tip of Sompasaari. Additionally, the company sold a 101-apartment portfolio in Espoo (estimated 16–18 MEUR) to the Norwegian Storebrand. According to our estimate, the transaction took place somewhat below book values. Furthermore, two new care property transactions, worth a total of approximately 6 MEUR, were realized from the Cofinimmo letter of intent (LOI). In the big picture, these moves are in line with our expectations and part of Toivo’s strategy to actively recycle capital by selling completed properties and investing the released funds into projects with higher return potential. The portfolio sale may result in a loss on sale, but overall, we see the combined impact of these announcements as being fairly in line with our forecasts and views. The company also kept its guidance unchanged.                   Inderes              Toivo Group teki isoja liikkeitä joulun alla - Inderes    Toivo solmi Helsingin kanssa esisopimuksen 40–50 MEUR:n hankkeesta Sompasaaressa, myi Espoosta 101 asunnon portfolion Storebrandille sekä toteutti 6 MEUR:n hoivakiinteistökaupan.

The average size of Toivo’s apartments has been ~36 m2. According to the Catella valuation report (31.3.2025) commissioned in connection with the main list transfer, the value of these buildings was EUR 18.18 million, i.e., €5,447/m2. Both buildings are on their own plot. Based on this estimate and considering that the sale did not have a significant impact on earnings (as it was a press release), the purchase price was likely in the range of EUR 16–18 million. Of course, a EUR 2 million impact should already be significant. I will try to have a call with Markus today. Yep @Karhu_Hylje, releases keep coming, so no Christmas holidays yet  That Nihti project is certainly an interesting and bold move. I’ll be able to monitor it from close range, as the area is visible from my own window

A press release out today. New major project on the way:                   Inderes              Sisäpiiritieto: Toivo Group Oyj on allekirjoittanut esisopimuksen...    Pörssitiedote 19.12.2025 klo 16:42Toivo Group Oyj (”Toivo”) on tänään allekirjoittanut Helsingin kaupungin kanssa esisopimuksen maanvuokrauksesta, joka koskee kolmea Helsingin Sompasaaressa ...

The average price per apartment for the latest Espoo project is at most 198k. It’s unlikely to be filled with only studios, so it seems it went quite cheap. Also, the vague “under 20 million” price might mean a purchase price of, say, 16 million. Has anyone followed rental listings, or has it been mentioned in previously started projects etc., what the apartment sizes in those developments have been?

Toivo Group

Projektet er et typisk lille ejerlejlighedsprojekt for selskabet.


Automatisk overs&#xe6;ttelse: Oprindeligt udgivet p&#xe5; finsk 9.2.2026, 05.00 GMT. Giv feedback <a href="https://forum.inderes.com/t/inderes-fi-sisallon-kehitysideat/71/?tl=da">her</a>.Toivo Group <a class="text-primary underline" href="https://www.inderes.fi/releases/toivo-group-oyj-on-tehnyt-sopimuksen-42meuro-aluerakennushankkeesta-espoon-mankkaalle" target="_blank" rel="noopener noreferrer nofollow">meddelt</a> fredag, at selskabet har indg&#xe5;et en aftale om et omr&#xe5;deudviklingsprojekt til 4,2 MEUR i Mankkaa, Espoo. Projektet omfatter otte r&#xe6;kkehuse, hvis forh&#xe5;ndsmarkedsf&#xf8;ring forventes at starte i begyndelsen af sommeren 2026. Selvom projektet er relativt lille i st&#xf8;rrelse, er det en forts&#xe6;ttelse af selskabets m&#xe5;l om at &#xf8;ge volumen af ejerboligproduktion i en fortsat meget vanskelig markedssituation. Hvis selskabet kan starte projektet, forventer vi, at rentabiliteten vil v&#xe6;re god, s&#xe5; l&#xe6;nge projektrisici holdes under kontrol.
Mankkaa-projektet ligger t&#xe6;t p&#xe5; servicefaciliteter og skoler, og det er en forts&#xe6;ttelse af Toivos tidligere ejerboligprojekter i Espoo. Toivo har igangsat flere lignende projekter i l&#xf8;bet af de seneste 1,5 &#xe5;r, og if&#xf8;lge selskabet har eftersp&#xf8;rgslen efter s&#xe5;danne ejendomme v&#xe6;ret god. Vi vurderer, at v&#xe6;ksten i projektportef&#xf8;ljen b&#xf8;r begynde at afspejles i tallene i &#xe5;r.

	2024	25e	26e
Revenue	39.8	54.4	71.2
growth-%	-8.9 %	36.6 %	30.9 %
EBIT (adj.)	4.5	7.7	11.1
EBIT-% (adj.)	11.4 %	14.2 %	15.6 %
EPS (adj.)	0.01	0.06	0.10
Dividend	0.00	0.02	0.04
Dividend %		2.2 %	4.2 %
P/E (adj.)	82.7	15.8	9.9
EV/EBITDA	23.3	15.8	10.7

Toivo Group indgik aftale om et rækkehusprojekt til 4,2 MEUR i Mankkaa, Espoo

Key Estimate Figures29.10.2025

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