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Kesla

4.25 EUR-2.52 %21.8, 17.29
3,606 following

KELAS

NASDAQ Helsinki

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Dividend
Investor consensus
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-2.52 %
-4.28 %
-23.84 %
+59.77 %
+84.78 %
+39.80 %
-4.06 %
-24.11 %
+136.90 %

Kesla is a manufacturing company within forestry technology, which includes solutions such as truck and industrial cranes, harvester heads, wood chippers and grapples. In addition to its main business, the company supplies cabs and seating equipment. The products are sold around the global market, with the largest presence in Europe, North and South America. The company was founded in 1960 and has its headquarters in Joensuu.

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Market cap
14.38M EUR
Turnover
85.21K EUR
P/E (adj.) (26e)
-77.99
EV/EBIT (adj.) (26e)
40.71
P/B (26e)
1.96
EV/S (26e)
0.59
Dividend yield-% (26e)
-
Coverage
Recommendation
Sell
Target price
3.50 EUR
Updated
08.05.2026
Disclaimer
Aapeli Pursimo
Aapeli Pursimo

Analyst

Latest research

Latest analysis report

Released: 08.05.2026

Revenue and EBIT-%
EPS and dividend
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Forum discussions
KESLA Defence expands the performance of the Kerberos system to critical infrastructure with a new concrete drilling solution - Inderes
8/17/2026, 6:41 AM
by Tuuukka
4
The result was excellent for this point in time. a) Q2 operating profit is in the black and cash flow was strong! b) “Our outlook, particularly in the defense industry, is strong.” c) The financial situation is no longer critical (?): “…we have been able to reduce net debt, meet ...
yesterday
by Maikköl
3
Yes, but that is exactly the point: “In line with cash flow development, Kesla reduced its interest-bearing net debt by EUR 4.6 million in H1, and the company had EUR 6.1 million in net debt at the end of H1. As a result, the gearing ratio on the balance sheet side fell from the ...
yesterday
by Maikköl
2
Follow-up note from Kauppalehti. A well-phrased headline; the operating profit really did seem to struggle to stay in the black: Tärkeimmät talousuutiset | Kauppalehti – 21 Aug 26 Puolustusvälinetoimitukset tukivat Keslaa kasvuun – Liiketulos pinnisti... Työkonevalmistajan liikevaihto...
yesterday
by Maikköl
2
Good result. This is a good foundation to build on, and shareholders don’t need to be nervous. Personally, I’m waiting to see if Avant takes on a bigger role, but we’ll see about that sometime in the future.
yesterday
by jätkä1
2
Kesla’s active communication regarding new products is also a pretty nice thing. KESLA Defence ja Avant Power aloittavat yhdessä liikkuvan energialogistiikan kehittämisen puolustusalan tarpeisiin - Inderes “The mobile battery packs can be equipped with ballistic protection, which...
8/19/2026, 8:16 AM
by Maikköl
2
Here are Aapeli’s pre-market comments ahead of Kesla’s Q2 results on Friday We expect the company’s revenue and profit to have improved slightly from the lackluster comparison period, but for the operating result to still remain at a break-even level. We forecast a slight increase...
8/18/2026, 4:57 AM
by Sijoittaja-alokas
2
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
30.10
2026

Business review Q3'26

Press release21.08.2026, 09.00

Kesla Launches proPILOT and proC i 2.0 Control Systems for Timber Cranes

Kesla
Kesla Q2'26 - kort kommentar: På den positive side, bortset fra ordrerne
Analyst Comment21.08.2026, 08.25 by
Aapeli Pursimo

Kesla Q2'26 - kort kommentar: På den positive side, bortset fra ordrerne

Selskabets regnskabsmeddelelse overgik en smule vores estimater, understøttet af omsætningsudviklingen, og en stærk pengestrøm forbedrede selskabets finansielle stilling.

Kesla
Press release19.08.2026, 09.15

KESLA Defence and Avant Power Join Forces to Develop Energy Logistics Capability for Defence Operations

Kesla

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Kesla Q2'26 preview: Forventninger til resultatet ligger først i andet halvår
Analyst Comment18.08.2026, 06.10 by
Aapeli Pursimo

Kesla Q2'26 preview: Forventninger til resultatet ligger først i andet halvår

Vi forventer, at selskabets omsætning og resultat er forbedret en smule i forhold til den noget svage sammenligningsperiode, men at driftsresultatet stadig er på nul.

Kesla
Press release17.08.2026, 08.00

KESLA Defence Expands Kerberos Capability to Critical Infrastructure with New Concrete Drilling Solution

Kesla
Press release23.06.2026, 13.00

Kesla Introduces the New BB360 Rotator for Harvester Heads

Kesla
Press release05.06.2026, 11.00

Kesla Launches New F-Series Forestry Cranes – Performance, Controllability and Modularity for the Most Common Forwarder Classes

Kesla
Press release01.06.2026, 13.00

Kesla Reappoints Rosenqvist Maskin AB as Tractor Equipment Dealer in Sweden

Kesla
Kesla planlægger frasalg af traktormonterede civile applikationer
Analyst Comment12.05.2026, 06.08 by
Aapeli Pursimo

Kesla planlægger frasalg af traktormonterede civile applikationer

Beslutningen er en del af selskabets bredere strukturelle evalueringsproces, som blev indledt i december 2025.

Kesla
Kesla Q1'26: Forsigtige tegn på forbedring i den civile sektor
Research08.05.2026, 07.00 by
Aapeli Pursimo

Kesla Q1'26: Forsigtige tegn på forbedring i den civile sektor

Keslas Q1-regnskabsmeddelelse viste et forventet tab som følge af en lav ordrebog.

Kesla
Kesla Q1'26 hurtig kommentar: Forventet svagt resultat, men også lyspunkter på civilsiden
Analyst Comment07.05.2026, 07.56 by
Aapeli Pursimo

Kesla Q1'26 hurtig kommentar: Forventet svagt resultat, men også lyspunkter på civilsiden

Selskabets resultat trak som forventet tydeligt ned i begyndelsen af året, men samtidig lykkedes det selskabet at forsvare sit cash flow.

Kesla
Kesla Q1’26 preview: Ordreindgangen vil være stærk takket være Defence-ordren
Analyst Comment04.05.2026, 23.34 by
Aapeli Pursimo

Kesla Q1’26 preview: Ordreindgangen vil være stærk takket være Defence-ordren

Kesla offentliggør sit Q1 regnskab torsdag den 7. maj.

Kesla
Kesla Q4'25: Forsvar lysner udsigterne, men finansiering bekymrer
Research27.03.2026, 07.45 by
Aapeli Pursimo

Kesla Q4'25: Forsvar lysner udsigterne, men finansiering bekymrer

Keslas regnskabsmeddelelse for 4. kvartal trak betydeligt mere ned end forventet.

Kesla
Kesla: Brofinansiering giver i det mindste midlertidig lettelse for arbejdskapitalbehovet
Analyst Comment26.03.2026, 06.23 by
Aapeli Pursimo

Kesla: Brofinansiering giver i det mindste midlertidig lettelse for arbejdskapitalbehovet

Vi mener, at arrangementet er en berettiget foranstaltning til at sikre selskabets arbejdskapitalbehov, da selskabet forbereder sig på at levere den betydelige NATO-ordre, der blev meddelt i mandags.

Kesla
Stor ordre på 17 MEUR til Kesla fra et NATO-land
Analyst Comment23.03.2026, 08.17 by
Tommi Saarinen

Stor ordre på 17 MEUR til Kesla fra et NATO-land

Ordren på 17 MEUR fra et NATO-land er mere end dobbelt så stor som selskabets samlede ordrebeholdning for hele efteråret.

Kesla
Kesla Q4'25 preview: Fokus på fremskridt i den strukturelle vurderingsproces af selskabet
Analyst Comment23.03.2026, 06.31 by
Aapeli Pursimo

Kesla Q4'25 preview: Fokus på fremskridt i den strukturelle vurderingsproces af selskabet

Vi vurderer, at selskabets omsætning faldt kraftigt fra sammenligningsperioden på grund af en lav ordrebog, og at det operationelle resultat faldt markant til under nul.

Kesla
Analyst Comment07.02.2024, 08.29 by
Erkki Vesola

Componenta and Kesla: AGCO confirmed weak market outlook for 2024

The American agricultural machinery manufacturer released its Q4’23 report yesterday, opening its market prospects for 2024. The comments were in line with what Deere said about the market already last year.

ComponentaKesla