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KH Group

0.47 EUR

+0.21 %

7,721 following
Corporate customer

KHG

NASDAQ Helsinki

Conglomerates

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+0.21 %
+1.73 %
+13.49 %
+2.39 %
-10.46 %
-5.61 %
-60.42 %
-58.32 %
-94.76 %

Sievi Capital is now a conglomerate with a new name KH Group. Our medium-term objective is to become an industrial group built around the business of KH-Koneet Group. KH Group’s share is listed on Nasdaq Helsinki.

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Market cap
27.36M EUR
Turnover
10.9K EUR
P/E (adj.) (25e)
20
EV/EBIT (adj.) (25e)
18.65
P/B (25e)
0.58
EV/S (25e)
0.5
Dividend yield-% (25e)
-
Coverage
Recommendation
Reduce
Target price
0.45 EUR
Updated
28.11.2025
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 28.11.2025

Latest extensive report

Released: 11.03.2024

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
20.3
2026

Annual report '25

5.5
2026

Interim report Q1'26

5.5
2026

General meeting '26

Risk
Business risk
Valuation risk
Low
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All
Research
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Press releases
ShowingAll content types
Regulatory press release1/14/2026, 7:50 AM

KH Group Plc - Managers' Transactions – Carl Haglund

KH Group
Regulatory press release12/29/2025, 3:10 PM

KH Group Plc - Managers' Transactions – Juha Karttunen

KH Group
Regulatory press release12/29/2025, 12:45 PM

KH Group Plc - Managers' Transactions – Juha Karttunen

KH Group

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Regulatory press release11/28/2025, 1:10 PM

KH Group’s financial reporting and Annual General Meeting in 2026

KH Group
KH Group: Clearer focus going forward
Research11/28/2025, 12:01 PM by
Thomas Westerholm

KH Group: Clearer focus going forward

With the transaction, KH Group completed its strategic transformation journey, and the availability of financing for its subsidiaries should improve.

KH Group
Regulatory press release11/20/2025, 7:45 AM

Inside information: KH Group has sold its shares in Indoor Group and agreed on financing arrangements related to the sale

KH Group
KH Group Q3'25: The story is taking shape
Research11/3/2025, 8:37 AM by
Thomas Westerholm

KH Group Q3'25: The story is taking shape

The change of CEO at KH-Koneet and the integration of NRG into the group's strategy stole the spotlight on KH Group's earnings day.

KH Group
Regulatory press release10/31/2025, 6:00 AM

KH Group Plc’s Business Review January–September 2025: Group net sales increased, rescue vehicles integrated into strategy

KH Group
Regulatory press release10/8/2025, 11:00 AM

Composition of KH Group Plc’s Shareholders’ Nomination Board

KH Group
KH Group: A veil of uncertainty settled over the story
Research9/22/2025, 8:14 AM by
Thomas Westerholm

KH Group: A veil of uncertainty settled over the story

KH Group’s feared profit warning was a disappointment, as it confirmed that the challenges of the company’s most important business, KH-Koneet, continue.

KH Group
Regulatory press release9/19/2025, 12:20 PM

Inside information: Carl Haglund appointed as CEO of KH Group Plc

KH Group
Regulatory press release9/19/2025, 9:45 AM

Inside information, profit warning: KH Group Plc lowers its profit guidance for 2025

KH Group
KH Group Q2'25: Quarterly results dampened by Swedish machine rental
Research8/18/2025, 1:18 PM by
Thomas Westerholm

KH Group Q2'25: Quarterly results dampened by Swedish machine rental

KH Group's Q2 report was disappointing due to the weakened profitability of KH-Koneet and the extremely poor performance of the Indoor Group, which is up for sale.

KH Group
Regulatory press release8/15/2025, 5:00 AM

KH Group Plc’s Half-Year-Report 1 January–30 June 2025: KH-Koneet’s profitability declined – NRG performed well, orderbook at record-high level

KH Group
Press release6/25/2025, 5:30 AM

KH Group: Indoor Group’s change negotiations concluded – profitability improvement measures continue

KH Group
Press release6/24/2025, 7:45 AM

KH Group: Saurus Oy secured a significant order from Defence Forces

KH Group
Press release5/12/2025, 9:00 AM

KH Group: Indoor continues profitability improvement measures – the company will start change negotiations

KH Group
Press release5/8/2025, 12:00 PM

KH Group: Indoor Group updated its financing agreement

KH Group
KH Group: Ready for cyclical recovery
Research5/7/2025, 10:07 AM by
Thomas Westerholm

KH Group: Ready for cyclical recovery

The continuing operations of the KH Group performed in line with our expectations, but the performance of the Indoor Group was again weak.

KH Group
Regulatory press release5/6/2025, 3:15 PM

Decisions of KH Group’s Annual General Meeting and the constitutive meeting of the Board of Directors

KH Group
Forum discussions
The CEO purchased 47,000 shares on January 12, 2026. Inderes KH Group Oyj – Johdon liiketoimet – Carl Haglund - Inderes KH Group Oyj Pörssitiedote 14.1.2026 klo 9.50 KH Group Oyj – Johdon liiketoimet – Carl Haglund ____________________________________________ Ilmoitusvelvollinen ...
1/14/2026, 7:54 AM
by Raha-aasi
27
Saurus has signed a framework agreement with the Vantaa and Kerava wellbeing services county for the period Dec 9, 2025 – Dec 31, 2027, after which it will continue indefinitely. According to the agreement, Saurus is the sole supplier with overall responsibility for the Central Uusimaa...
yesterday
by Raha-aasi
23
A bit of news regarding KH-Koneet Group’s competitive landscape: Canadian heavy equipment dealer SMS Equipment has acquired Suomen Rakennuskone Oy. The company, headquartered in Pirkanmaa, has generated annual revenues of 40-50 MEUR in recent years, which is about a third of KH-Koneet...
1/25/2026, 11:08 AM
by Raha-aasi
12
I suppose the reason for this will also be revealed in the next financial statement… it’s not exactly a gold mine industry.. Komatsu is a really big player globally and they won’t run out of money… in Finland, it’s relatively small. Mainly strong in the mining sector. I don’t know...
yesterday
by All in aina
7
I’m not KH, but they have a contract. There’s always some bypassing/parallel importing, but it doesn’t affect the business. KH sells directly or re-rents to other rental companies. Selling to rental companies is always bad business. You’re up against professional buyers. They sit...
1/22/2026, 3:47 PM
by All in aina
7
@Thomas_Westerholm I’ve been traveling around my “home turf” in Pirkanmaa, Central Finland, and South Ostrobothnia over the past few weeks and made a couple of “KH observations”: Other local and nationwide machinery rental companies not part of KH Group seem to have, for example,...
1/22/2026, 3:30 PM
by Raha-aasi
7
There was also another notification regarding Karttunen’s purchases. In the second notification, 50,000 more shares. Inderes KH Group Oyj – Johdon liiketoimet – Juha Karttunen - Inderes KH Group Oyj Pörssitiedote 29.12.2025 klo 17.10 KH Group Oyj – Johdon liiketoimet – Juha Karttunen...
12/29/2025, 3:37 PM
by Raha-aasi
5
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