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Toivo Group

0.82 EUR-1.21 %4.11, 17.29
1,699 following

TOIVO

NASDAQ Helsinki

Real Estate Management & Development

Real Estate

Overview
Financials & Estimates
Dividend
Short Selling
Investor views
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-1.21 %
-8.30 %
-13.89 %
-16.70 %
-13.16 %
-15.50 %
-5.76 %
-72.55 %
-67.88 %

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.

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Market cap
48.25M EUR
Turnover
2.09K EUR
P/E (adj.) (26e)
15.82
EV/EBIT (adj.) (26e)
18.69
P/B (26e)
0.67
EV/S (26e)
1.76
Dividend yield-% (26e)
3.67 %
Coverage
Recommendation
Accumulate
Target price
1.10 EUR
Updated
28.10.2026
Disclaimer
Frans-Mikael Rostedt
Frans-Mikael Rostedt

Analyst

Latest research

Latest analysis report

Released: 29.10.2026

Latest extensive report

Released: 13.03.2026

Revenue and EBIT-%
EPS and dividend
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Forum discussions
A small new 2.9 MEUR contract in Espoo. Six semi-detached and detached houses in Kaitaa, Espoo. The plan is to launch pre-marketing this autumn. Inderes Toivo Group Oyj on solminut 2,9 M € aluerakennuskohteen Espoon Kaitaalle -... Lehdistötiedote, 21.8.2026 kello 15:00Toivo Group...
8/21/2026, 12:40 PM
by Frans-Mikael Rostedt
6
Frans interviewed Toivo’s Markus regarding Q3 Topics: (00:00) Toivo’s Q3 performance (01:20) Revenue breakdown (02:53) Profitability (04:41) Interest rates have risen again (06:34) Kalasatama’s Gemma and other projects (08:50) Occupancy rates (10:52) Outlook for Q4 (12:21) Construction...
10/28/2026, 2:41 PM
by Sijoittaja-alokas
4
I noticed the first sales for Gemma already went through a couple of weeks ago, if I remember correctly, so readiness for sales was achieved a little while ago. Demand and reservations have also been genuine in this project: 14/34 apartments already appear to be sold, with the majority...
10/22/2026, 3:00 PM
by ollikohan
4
The past few years in this market have certainly been a slog. You can’t fault the company for its execution. The current balance sheet and project pipeline look good. Now, if we could just get some tailwinds from a market recovery, things could turn around so quickly that it might...
8/5/2026, 12:34 PM
by Putti
4
The expected construction start release for Gemma in Sompasaari. Now we just wait to see when the next phase will be launched. Toivo Group continues the construction of the first phase and the planning of the second phase. The estimated completion date for the first phase apartments...
10/22/2026, 1:27 PM
by Frans-Mikael Rostedt
3
Here are Frans’s comments on Toivo starting a EUR 7.5 million owner-occupied housing project in Oulunkylä Toivo Group announced that it is launching an approximately EUR 7.5 million construction project in Oulunkylä, Helsinki, together with Weston Group. The project is Toivo and ...
10/16/2026, 5:05 AM
by Sijoittaja-alokas
2
Here is a new company report on Toivo from Frans following the Q2 results We reiterate our “Accumulate” (Lisää) recommendation for Toivo, but lower our target price to EUR 1.15 (previously EUR 1.20). Toivo’s Q2 revenue and project starts exceeded our expectations, but the result ...
8/6/2026, 8:29 AM
by Sijoittaja-alokas
2
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Toivo Group Q3'26: Skillful tacking against a market headwind
Research29.10.2026, 10.15
by Frans-Mikael Rostedt

Toivo Group Q3'26: Skillful tacking against a market headwind

Toivo's Q3 revenue and EBIT fell short of our estimates due to lower-than-expected volumes, but profitability remained at a good level.

Toivo Group
Toivo Group Q3'26 flash comment: Volumes leave revenue and earnings short of expectations, but profitability good
Analyst Comment28.10.2026, 08.42
by Frans-Mikael Rostedt

Toivo Group Q3'26 flash comment: Volumes leave revenue and earnings short of expectations, but profitability good

Toivo's Q3 revenue and EBIT fell short of our estimates, but this was partly due to timing factors, and the EBIT margin was in line with our expectations.

Toivo Group
Regulatory press release28.10.2026, 07.00

Toivo Group Plc business review 1 January– 30 September 2026: Toivo’s market share grew significantly, reaching nearly 10% in non-subsidized apartment building production. (Unaudited)

Toivo Group

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Toivo Group Q3'26 preview: Clear earnings improvement expected
Analyst Comment27.10.2026, 09.06
by Frans-Mikael Rostedt

Toivo Group Q3'26 preview: Clear earnings improvement expected

We expect Toivo's Q3 revenue to have grown strongly driven by project starts, and EBIT to have risen to 2.4 MEUR (Q3'25: 1.6 MEUR). On earnings day, our attention will be drawn in particular to the outlook for project starts and comments on the housing market.

Toivo Group
Press release26.10.2026, 16.00

Invitation to the publication of Toivo Group Plc's business review for January-September 2026

Toivo Group
Press release22.10.2026, 13.00

Toivo Group starts construction of Sompasaaren Gemma - all 34 apartments reserved within hours

Toivo Group
Toivo starts 7.5 MEUR owner-occupied housing project in Helsinki
Analyst Comment16.10.2026, 07.44
by Frans-Mikael Rostedt

Toivo starts 7.5 MEUR owner-occupied housing project in Helsinki

The project is a joint venture with Westons.

Toivo Group
Press release15.10.2026, 13.00

Toivo Group Plc starts an approximately EUR 7.5 million owner-occupied housing project in Oulunkylä, Helsinki

Toivo Group
Analyst Comment13.10.2026, 10.01
by Atte Jortikka, Tommi Saarinen, Frans-Mikael Rostedt

RT's economic review reinforced the picture of a mixed market

ConstiKreate GroupGRK InfraYITSRV GroupEcoUpHonkarakenneTekovaLapWallToivo Group
Regulatory press release28.09.2026, 12.00

Toivo Group Plc: Cancellation of treasury shares registered

Toivo Group
Regulatory press release09.09.2026, 12.00

Toivo Group Plc to implement the transfer of treasury shares announced on 17 March 2026

Toivo Group
Regulatory press release01.09.2026, 10.30

Toivo Group Oyj: Completion of the Share Buyback Programme

Toivo Group
Regulatory press release31.08.2026, 13.00

Toivo Group Oyj: Share repurchase between 24.8.2026 - 28.8.2026

Toivo Group
Regulatory press release24.08.2026, 13.00

Toivo Group Oyj: Share repurchase between 17.8.2026 - 21.8.2026

Toivo Group
Press release21.08.2026, 14.00

Toivo Group Plc has signed a EUR 2.9 million regional construction project in Kaitaa, Espoo

Toivo Group
Regulatory press release17.08.2026, 13.00

Toivo Group Oyj: Share repurchase between 10.8.2026 - 14.8.2026

Toivo Group
Regulatory press release10.08.2026, 13.00

Toivo Group Oyj: Share repurchase between 3.8.2026 - 7.8.2026

Toivo Group
Toivo Group Q2'26: Strong project starts compensated for earnings miss
Research06.08.2026, 11.21
by Frans-Mikael Rostedt

Toivo Group Q2'26: Strong project starts compensated for earnings miss

Toivo's performance has been strong in recent years in a difficult market, and we are confident in the earnings growth opportunities in the coming years as the housing market situation gradually improves.

Toivo Group
Toivo Group Q2'26 flash comment: Revenue and project initiations exceeded expectations, but profitability fell short
Analyst Comment05.08.2026, 08.57
by Frans-Mikael Rostedt

Toivo Group Q2'26 flash comment: Revenue and project initiations exceeded expectations, but profitability fell short

Strong project initiations of 60 MEUR support the near-term outlook, but our earnings forecast for the current year is subject to slight downward pressure.

Toivo Group
Regulatory press release05.08.2026, 07.00

Toivo Group Plc’s half-year review 1 January –30 June 2026: The company initiated projects worth an impressive EUR 60 million in Q2/2026. (Unaudited)

Toivo Group