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KH Group

0.96 EUR+0.42 %25.9, 17.29
7,692 following

KHG

NASDAQ Helsinki

Conglomerates

Industrials

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Financials & Estimates
Dividend
Investor views
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+0.42 %
+23.71 %
+88.24 %
+71.43 %
+107.34 %
+113.33 %
+11.89 %
-51.56 %
-89.31 %

KH Group Plc is a Nordic corporation supporting sustainable construction and society’s critical functions with two business areas: KH-Koneet, supplier of construction and earthmoving machinery, and Nordic Rescue Group, rescue vehicle manufacturer. KH Group’s share is listed on Nasdaq Helsinki.

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Market cap
55.76M EUR
Turnover
44.23K EUR
P/E (adj.) (26e)
20.85
EV/EBIT (adj.) (26e)
12.26
P/B (26e)
1.09
EV/S (26e)
0.55
Dividend yield-% (26e)
-
Coverage
Recommendation
Accumulate
Target price
0.70 EUR
Updated
17.08.2026
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 17.08.2026

Latest extensive report

Released: 17.02.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Forum discussions
Q2 was undeniably strong for KH Group, and in my career as an analyst, I haven’t seen a profit warning risk turn into such a clear profit upgrade risk based on a single report. Of course, with KH Group, it’s good to keep in mind that situations and outlooks change faster than for...
8/17/2026, 7:05 AM
by Thomas Westerholm
22
An example from Muhos, where earthworks have already begun: “– Up to 30,000 loads of crushed stone will be hauled there by the end of November, around the clock. A full-trailer truck passes through the village of Muhos every five minutes, Tapani Ervasti says.” Yle Uutiset – 9 Sep...
9/10/2026, 10:19 AM
by Raha-aasi
16
Saurus received orders worth EUR 3.4 million from the Helsinki Rescue Department. Deliveries will take place in 2026 and 2027. The contract was signed on August 6, 2026, and published on September 23, 2026, after the appeal period expired. "The City of Helsinki Rescue Department ...
9/24/2026, 7:55 AM
by Raha-aasi
13
Related to KH-Koneet. There is an article in Kauppalehti (Aug 30) on the impact of data center projects on the outlook for earthmoving companies. The rapid start of projects, tight implementation schedules, and round-the-clock work every day of the week require the earthmoving company...
8/30/2026, 7:44 AM
by Raha-aasi
12
Massive investments by Google in Finland. @All_in_aina Does the professional side have any views on how this and other data center & infrastructure investments currently affect the demand for earthmoving machinery? What kind of machines and products are consumed in these? Uusi Suomi...
9/9/2026, 9:45 AM
by Raha-aasi
8
I am completely clueless about the industry myself, but I went ahead and asked an acquaintance who works in earthmoving how things are going. Apparently well, but excavator acquisitions are currently challenging because demand is so high that delivery times have lengthened. I had...
9/10/2026, 2:27 PM
by Lohis
7
[quote="Raha-aasi, post:4895, topic:543"]\nDo the professionals have any views on how this and other data center & infrastructure investments will affect the demand for earthmoving machinery?\n\n[/quote]\n\nIt shows first in the demand for rental machinery. You’d think that at least...
9/9/2026, 3:52 PM
by All in aina
5
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
30.10
2026

Interim report Q3'26

12.2
2027

Annual report '26

4.5
2027

General meeting '27

Regulatory press release23.09.2026, 10.50

KH Group’s financial reporting and Annual General Meeting in 2027

KH Group
KH Group Q2'26: A strong quarter
Research17.08.2026, 10.05 by
Thomas Westerholm

KH Group Q2'26: A strong quarter

KH Group's Q2 earnings exceeded our expectations in terms of both revenue and especially profitability. The positive surprises in the report were the turnaround in KH-Koneet's Swedish business and additional visibility into NRG's strong order book.

KH Group
KH Group Oyj, Q2'26
Webcast14.08.2026, 13.00

KH Group Oyj, Q2'26

KH Group

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KH Group Q2'26 flash comment: Swedish turnaround led to a clear earnings beat
Analyst Comment14.08.2026, 08.58 by
Thomas Westerholm

KH Group Q2'26 flash comment: Swedish turnaround led to a clear earnings beat

KH Group's Q2 earnings exceeded our expectations in terms of both revenue growth and especially profitability. The positive surprises in the report highlighted the turnaround in KH-Koneet's Swedish business and a broad-based improvement in relative profitability.

KH Group
Regulatory press release14.08.2026, 07.00

KH Group Plc’s Half-Year Report 1 January–30 June 2026: Growth continued and profitability improved year-on-year

KH Group
KH Group Q2'26 preview: Subsidiaries are pulling earnings upward
Analyst Comment12.08.2026, 08.00 by
Thomas Westerholm

KH Group Q2'26 preview: Subsidiaries are pulling earnings upward

We expect the company's revenue and adjusted EBIT to have grown significantly from the comparison period, driven by both subsidiaries.

KH Group
Regulatory press release12.05.2026, 12.20

Juha Karttunen has resigned from the Board of Directors of KH Group Plc. Christoffer Landtman has been elected new chair of the Board of Directors.

KH Group
Regulatory press release06.05.2026, 09.40

Minni Lempinen appointed as CFO of KH Group Plc

KH Group
KH Group Q1'26: Weak quarter leaves ground to make up
Research06.05.2026, 10.04 by
Thomas Westerholm

KH Group Q1'26: Weak quarter leaves ground to make up

KH Group's Q1 profitability was at a weak level due in part to timing-related factors.

KH Group
Regulatory press release05.05.2026, 16.30

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

KH Group
KH Group Q1'26 - hurtig kommentar: Leveringsforsinkelser trak resultatet under forventningerne
Analyst Comment05.05.2026, 08.29 by
Thomas Westerholm

KH Group Q1'26 - hurtig kommentar: Leveringsforsinkelser trak resultatet under forventningerne

KH Groups rentabilitet lå markant under vores forventninger i et sæsonmæssigt stille 1. kvartal, selvom omsætningen fortsatte med at vokse.

KH Group
Regulatory press release05.05.2026, 07.00

KH Group Plc’s Interim Report January–March 2026: Growth continued, but profitability declined during a seasonally subdued quarter

KH Group
KH Group Q1'26 preview: Dobbelt træk mod resultatforbedring
Analyst Comment30.04.2026, 07.27 by
Thomas Westerholm

KH Group Q1'26 preview: Dobbelt træk mod resultatforbedring

Vi estimerer, at omsætningen og det justerede driftsresultat er vokset år-til-år, drevet af begge datterselskaber.

KH Group
Regulatory press release10.04.2026, 13.45

Notice to the Annual General Meeting of KH Group Plc

KH Group
Analyst Comment31.03.2026, 08.04 by
Thomas Westerholm

KH Group strengthens its financial position with a 33.5 MEUR arrangement

KH Group announced on Monday that it has signed secured financing agreements totaling 33.5 MEUR.

KH Group
Press release30.03.2026, 15.00

KH Group has signed financing agreements totalling EUR 33.5 million

KH Group
Regulatory press release26.03.2026, 13.30

KH Group’s Annual Report 2025 published

KH Group
Regulatory press release23.03.2026, 14.15

Change in KH Group’s management team: CFO Tommi Rötkin taking on a new position outside the company

KH Group
Machinery business back on earnings track
Research23.03.2026, 10.05 by
Thomas Westerholm

Machinery business back on earnings track

KH Group's strong Q4 figures were already known based on the preliminary data provided by the company.

KH Group
Regulatory press release20.03.2026, 07.45

H Group Plc’s Financial Statements Release for 1 January – 31 December 2025: A strong end to 2025

KH Group