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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Wulff Group

4.43 EUR+1.84 %10.9, 17.28
4,068 following

WUF1V

NASDAQ Helsinki

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Dividend
Investor views
Compare
+1.84 %
+3.99 %
+20.05 %
+20.05 %
+11.31 %
+52.76 %
+41.99 %
-8.47 %
-26.17 %

Wulff Group is a retailer of office supplies. The range is wide and includes, for example, inventory, IT solutions, first aid equipment, and various ergonomic solutions. In addition, lighting and products for construction sites are also offered. The company operates throughout the international market, with the largest presence in the Nordic market. The head office is located in Vantaa.

Read more
Market cap
30.6M EUR
Turnover
29.12K EUR
P/E (adj.) (26e)
11.13
EV/EBIT (adj.) (26e)
8.24
P/B (26e)
1.14
EV/S (26e)
0.31
Dividend yield-% (26e)
4.29 %
Coverage
Recommendation
Accumulate
Target price
4.40 EUR
Updated
17.07.2026
Disclaimer
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 17.07.2026

Latest extensive report

Released: 21.02.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Wulff Works is expanding to Vaasa: sttinfo.fi Wulff Works avaa toiminnan Vaasassa: Markus Apuli vetämään Pohjanmaan... Yli 1 500 uutta tekijää työelämän alkuun ja satoja esihenkilöitä valmentanut Apuli edistää taitopohjaista rekrytointia ja lupaa tehdä siitä yrityksille kilpailuedun...
8/11/2026, 9:18 AM
by Karhu Hylje
4
This was already published in February 2026 to be applied for, at which point doctors was involved. In my opinion, it is clear that doctors has already been shut down, given the removal of the website and LinkedIn account.
9/8/2026, 10:07 AM
by BareBone
2
Great performance by Wulff, and Arttu also made the necessary forecast adjustments, hitting the nail on the head! The Q3 and Q4 forecasts also seem realistic. As for 2027, I believe in better performance. In Services - Works, there is clearly better execution, and my concerns about...
7/16/2026, 12:04 PM
by BareBone
2
It seems Doctorss’ pages can indeed no longer be found. That segment didn’t really take off, but they already had quite a few successful ramp-ups under their belt.
8/31/2026, 6:58 AM
by Karhu Hylje
1
On employment and the staffing industry:
8/17/2026, 6:18 AM
by Karhu Hylje
1
Here is a company report from Arttu :)\n\n> Wulff’s positive trend continued in Q2, as the company significantly improved its earnings, driven by both segments. The earnings growth outlook looks promising, which, in our view, offers investors an attractive risk-reward ratio.\n\nWulff...
7/17/2026, 6:43 AM
by Sijoittaja-alokas
1
Regarding autumn recruitments and consequently staffing agencies getting some media coverage in Kauppalehti:
9/1/2026, 5:03 AM
by Karhu Hylje
0
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
19.10
2026

Interim report Q3'26

Analyst Comment03.09.2026, 07.27 by
Petri Gostowski

Bemandingsbranchen i god gænge i juli

Ifølge Omsætningsundersøgelsen for HR-branchen var de 20 største virksomheders omsætning i juli cirka 125 MEUR, hvilket svarer til en vækst på 5 % i forhold til samme tidspunkt sidste år.

EezyWulff Group
Væksten i vikarbureau-branchen accelererede i juni
Analyst Comment12.08.2026, 06.30 by
Petri Gostowski

Væksten i vikarbureau-branchen accelererede i juni

Ifølge omsætningsundersøgelsen for HR-branchen var omsætningen for de 20 største virksomheder i maj cirka 132 MEUR, hvilket svarer til en vækst på knap 6 % sammenlignet med samme periode sidste år.

EezyWulff Group
Wulff Q2'26: Omdrejninger i indtjeningsvækstmotoren
Research17.07.2026, 07.42 by
Arttu Heikura

Wulff Q2'26: Omdrejninger i indtjeningsvækstmotoren

Selskabet forbedrede sin regnskabsmeddelelse betydeligt, drevet af begge segmenter.

Wulff Group

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Regulatory press release16.07.2026, 08.30

Wulff Group Plc's Half-Year Financial Report January—June 2026: Record net sales and impressive earnings improvement for Wulff

Wulff Group
Wulff Q2'26 preview: Resultatforbedringen fortsætter, men afkastforventningen er indsnævret
Research15.07.2026, 06.10 by
Arttu Heikura

Wulff Q2'26 preview: Resultatforbedringen fortsætter, men afkastforventningen er indsnævret

Vi forventer, at selskabet har fortsat sin servicedrevne omsætningsvækst og forbedret sin indtjening.

Wulff Group
Asikainen vender tilbage som leder af Wulff
Analyst Comment17.06.2026, 06.50 by
Rauli Juva

Asikainen vender tilbage som leder af Wulff

Sami Asikainen udnævnt til administrerende direktør – hurtig udnævnelse fjerner usikkerhed og sikrer strategisk kontinuitet.

Wulff Group
Regulatory press release16.06.2026, 09.30

Inside information: Sami Asikainen appointed as Wulff Group Plc’s new CEO

Wulff Group
Regulatory press release09.06.2026, 15.30

Wulff Group Plc: Notification according to Chapter 9, Section 10 of the Securities Market Act

Wulff Group
Analyst Comment02.06.2026, 07.04 by
Petri Gostowski

Personaleydelsesbranchen fortsatte med en lille vækst i april

Ifølge en omsætningsundersøgelse inden for HR-branchen var omsætningen for de 20 største virksomheder i april cirka 117 MEUR, hvilket svarer til en vækst på knap 1 % sammenlignet med samme periode sidste år.

EezyWulff Group
Wulffs vikarvirksomhed internationaliseres til Rumænien
Analyst Comment29.05.2026, 09.07 by
Arttu Heikura

Wulffs vikarvirksomhed internationaliseres til Rumænien

Ekspansionen til Rumænien forlænger vækststien for selskabets vikarvirksomhed.

Wulff Group
Analyst Comment25.05.2026, 06.30 by
Rauli Juva

Wulff: CEO Rahkonen forlader selskabet

Administrerende direktør Elina Rahkonen fratræder sin stilling i august.

Wulff Group
Regulatory press release22.05.2026, 14.00

Inside information: Wulff Group Plc’s CEO Elina Rahkonen will leave the company

Wulff Group
Wulff Q1'26: Indtjeningsvækst opretholder et attraktivt risiko/afkast-forhold
Research28.04.2026, 06.10 by
Arttu Heikura

Wulff Q1'26: Indtjeningsvækst opretholder et attraktivt risiko/afkast-forhold

Wulff mangedoblede sit resultat i 1. kvartal.

Wulff Group
Regulatory press release27.04.2026, 08.30

Wulff Group Plc's Interim Report January—March 2026: Wulff’s net sales and operating profit continued to grow strongly

Wulff Group
Wulff Q1'26 preview: Vi estimerer, at resultatforbedringen er fortsat
Research23.04.2026, 06.10 by
Arttu Heikura

Wulff Q1'26 preview: Vi estimerer, at resultatforbedringen er fortsat

Vi forventer, at den servicedrevne vækst, ændringen i salgsfordelingen og tilpasningsforanstaltningerne har forbedret koncernens regnskabsmeddelelse.

Wulff Group
Regulatory press release09.04.2026, 13.00

Decisions of Wulff Group Plc’s Annual General Meeting on April 9, 2026

Wulff Group
Analyst Comment01.04.2026, 06.30 by
Arttu Heikura

Wulff frigør mere kapital gennem ejendomssalg

Handlen frigør kapital til opkøb inden for regnskabsbranchen.

Wulff Group
Regulatory press release31.03.2026, 10.00

Inside information: Wulff releases capital for business growth through the sale of its warehouse facility in Tuusula

Wulff Group
Regulatory press release05.03.2026, 13.00

Notice to convene the Annual General Meeting of Wulff Group Plc

Wulff Group
Regulatory press release05.03.2026, 08.30

Wulff Group Plc's Annual Review, Financial Statements, Corporate Governance Statement and Remuneration Report 2025 published

Wulff Group