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Wulff Group

4.21 EUR

0.00 %

4,018 following
Corporate customer

WUF1V

NASDAQ Helsinki

Industrial Goods & Services

Industrials

0.00 %
+5.78 %
+12.27 %
+31.56 %
+49.29 %
+34.50 %
+20.29 %
+31.56 %
-29.83 %

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.

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Market cap
29.08M EUR
Turnover
13.38K EUR
P/E (adj.) (25e)
13.88
EV/EBIT (adj.) (25e)
9.57
P/B (25e)
1.2
EV/S (25e)
0.34
Dividend yield-% (25e)
4.28 %
Coverage
Recommendation
Accumulate
Target price
4.50 EUR
Updated
13.01.2026
Disclaimer
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 13.03.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
5.3
2026

Annual report '25

9.4
2026

General meeting '26

27.4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Research by
Arttu Heikura

Wulff: Efficiency improvements to boost earnings growth

Wulff announced that it is aiming for significant cost savings in its Products for the Workplace business by adapting its organizational structure and streamlining its operations. We have slightly raised our earnings estimates, albeit less than the company's target level, as we believe that some of the savings will be diluted by the segment's declining revenue and the resource needs of other growing businesses.

Wulff Group
Forum discussions
Wulff making accounting firm acquisitions again: sttinfo.fi Wulff ostaa Yrittäjäin Tilitiedon: lisää vahvaa tilitoimistotoimintaa Wulffin... Wulff Tilitoimistot vahvistavat palvelujaan strategisella yritysostolla, kun turkulainen Yrittäjäin Tilitieto Oy liittyy osaksi Wulff-konsernia...
1/9/2026, 10:28 AM
by Karhu Hylje
8
This does suggest that development in the Products segment likely hasn’t been very strong toward the end of the year. It’s a shame if there is weakness in this area, because in the Products segment, minority interests do not take as large a share of the result as they do in the strongly...
1/12/2026, 10:57 AM
by Karhu Hylje
4
https://forum.inderes.com/t/eezy-sijoituskohteena-ent-vmp/105/555?u=karhu_hylje
1/15/2026, 9:28 AM
by Karhu Hylje
3
Continuing on the same path, and the recruitments are scaling up. World champion and former Leijonat (Lions) captain Lasse Kukkonen to accelerate growth in the Oulu region: sttinfo.fi Lasse Kukkonen lähtee mukaan Wulff Worksiin: uusi henkilöstöpalveluyhtiö... Pitkäaikaisena Leijonakapteeni...
1/19/2026, 12:56 PM
by Karhu Hylje
2
For the strategy period ending in 2030, revenue is projected at €80m, meaning growth is likely based largely on market tailwinds (baseline assumption) and no significant growth is otherwise expected. Of course, sales could fall short, and they could end up on the path of redundancy...
1/12/2026, 8:51 PM
by BareBone
2
sttinfo.fi Sisäpiiritieto: Wulffin Suomen Tuotteet työympäristöön -organisaatiota... Wulff käynnistää muutosneuvottelut Suomen Tuotteet työympäristöön -liiketoiminnassa osana sen strategista uudistumista. Henkilöjärjestelyjen tavoitteena on lisätä oman toiminnan tehokkuutta ja mahdollistaa...
1/12/2026, 9:03 AM
by Cadel
2
Staffing services are said to be a people-driven business, and Wulff is clearly trusting this strategy again based on this new launch. Athletes and others with wide networks have been recruited across Finland. At the same time, they have also recruited those old Eezy employees with...
1/13/2026, 6:15 AM
by Karhu Hylje
1
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