contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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.

mtvuutiset.fi – 22 Feb 26              Huonekalualan konkari Toivo Sukari moittii kilpailuviranomaista Sotkan ja...    Liikemies Toivo Sukari moitti kilpailuviranomaisen toimintaa Sotkan ja Askon konkursseissa.                              Sukari stated on Huomenta Suomi that he was ready to buy the significant Finnish furniture stores and continue their operations, but the authority prevented his plans. – We negotiated the purchase price with the bank for almost a year, but the KKV, or the competition authority, was constantly a bogeyman, asking how it would work in Pori or Rauma, for example, when there are already Asko, Sotka, Isku, Masku, and Jysk there. – I would have been forced to close two stores there. I couldn’t continue with Asko and Sotka there because it would have resulted in a dominant market share.   As a second reason for the failure of the deals, Sukari also mentions the excessively high purchase price. – Around 10,000 people should have been supplied with furniture from Asko or Sotka. When the stores went bankrupt. Now, those who paid by debit card or cash will probably not get anything from the estate. – I find it very unfortunate that KKV acts this way, that it hindered our deal, when the public suffers from not receiving their furniture.  This gives me the impression that KKV stalled the deal, and Sukari wouldn’t have wanted to close any stores or deliver the ordered furniture. However, if 10,000 ordered furniture items were too many, it makes one wonder if all of Indoor’s debt burden would have been otherwise okay. It’s difficult to say what the Competition Authority (KH) could have done about the aforementioned issues at this point. In past years, a lot was left undone, and now the price is being paid.

It could probably be true if 20m€ is the EV (Enterprise Value). So, did the creditors draw the short straw after all by not agreeing to the credit losses required by Sukari’s offer in time, and then incurred even more? It’s impossible to believe that KH wouldn’t have made the deals if there had been an offer on the table that would have left them with anything. With a 20m€ EV, KH probably wouldn’t have received anything, although this comment is made without checking the figures.

If this is even remotely true, then KH Group’s board has destroyed shareholder value to a historic extent in this company. This can’t be true, can it? And if it is, then how can there be any trust in the future that KH Koneet and NRG will maximize shareholder value?

This is indeed a strange case, if Sukari’s statements are to be believed at all. A year ago, Sukari said he offered just under €20 million and that negotiations had continued several times since. He says he was ready to shake hands on the deal, but they couldn’t close it. Toivo mentions the KKV (Finnish Competition and Consumer Authority) as a possible obstacle to the deal, but with Ikea, Jysk, and several other players dominating the furniture market, it seems a bit strange that such a merger with Masku would have been very significant.                   iltalehti.fi              Toivo Sukari kertoo nyt, mitä aikoo tehdä Askon kanssa    Kauppa Askon ja Sotkan brändeistä oli pitkän työn takana.                             He talks about these negotiations right at the beginning of the video. This was also discussed on a neighboring forum:                   Sijoitustieto.fi              Velho - KH Group (os. Sievi Capital)    Nordic Rescuen osalta hyvin menee myös jatkossakin, tilauskirja kun on pullollaan. Ilmoittivat juuri, että nyt tilattavan pelastusajoneuvon saa toimitukseen vasta Q2/2027. Normaalisti päälirakenteen saa toimitukseen 2-3 kk alustan saapumisen jälkeen...

OP reiterated the target price of €0.60 and an ADD recommendation. OP forecasts an operating profit of €7.8 million for 2026 and €10.5 million for 2027. The analysis is based on a sum-of-the-parts calculation, where the valuation multiple for KH-Koneet is EV/EBIT 10x and for NRG it is EV/EBIT 9x.

That’s not a silly question at all; it’s quite pertinent, as EV usually decreases in forecasts when a company’s cash flow reduces net debt.   However, this doesn’t apply to KH Group, because the forecasts assume significant growth for KH-Koneet in the coming years. This growth ties up a considerable amount of invested capital in the form of inventory, rental equipment, and new lease liabilities. Consequently, the group-level free cash flow remains smaller than the change in invested capital, and EV grows instead of decreasing. For NRG, the forecasts are the opposite, as its business is so capital-light and growth expectations are limited, but at the group level, KH-Koneet’s development overshadows it.

Thanks, @Thomas_Westerholm, for the new updated analysis. Stupid questions are probably allowed  Why does the analysis on page 6 assume that (with market value remaining the same) debt would increase in the coming years? Calle mentioned in an interview that debt will continue to be paid off to gain leeway for potential acquisitions. From the report, page 6:  In 26 EV = 95  In 27 EV = 99  In 28 EV = 105

KH Group

KH Group Plc Stock exchange release 26 March 2026 at 2:30 pm EET KH Group’s Annual Report 2025 published KH Group has published its Annual Report for 2025 today. The Annual Report includes the...

KH Group Plc Stock exchange release 26 March 2026 at 2:30 pm EET &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KH Group’s Annual Report 2025 published KH Group has published its Annual Report for 2025 today. The Annual Report includes the Board of Directors’ Report, Financial Statements, Corporate Governance Statement and the Governing Bodies’ Remuneration Report. The Board of Director’s Report and Financial Statements as a whole, including the Sustainability report, can be found on the Company’s website. The Financial Statements are also published as an xHTML file in Finnish language in accordance with European Single Electronic Format (ESEF) reporting requirements. In line with the ESEF requirements, the Group’s primary statements and notes have been labelled with XBRL tags. The audit firm Ernst &amp; Young Oy has provided an independent auditor’s reasonable assurance report on the ESEF Financial Statements in accordance with ISAE 3000 (Revised). The Annual Report, the Board of Director’s Report and Financial Statements, Corporate Governance Statement and the Governing Bodies’ Remuneration Report as well as the xHTML file are available on the Company’s website at <a href="https://www.globenewswire.com/Tracker?data=yz_oDDg9_5yMfdDlbxIBDhOvec1b6-VP98SkHsVEMNyQlMFa7mJ5ZkPklvdn-KfKQ50hcofkAq-8RYMoEub2M01HOAhMlw5HsGnyllyBr8E=">www.khgroup.com</a> and attached to this release. KH GROUP PLC FURTHER INFORMATION: CEO Carl Haglund, tel. +358 40&nbsp;500 6898 DISTRIBUTION:&nbsp; Nasdaq Helsinki Ltd Main media <a href="https://www.globenewswire.com/Tracker?data=yz_oDDg9_5yMfdDlbxIBDiMHBo32ZS9UMCp0yfCTskv4BMgCRuJUiGkfy24YFWfKmUUrbMrZOlBtiyWWy_LKvg==">www.khgroup.</a>com 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 earth-moving machinery, and Nordic Rescue Group, rescue vehicle manufacturer. KH Group’s share is listed on Nasdaq Helsinki. More information at <a href="https://www.globenewswire.com/Tracker?data=yz_oDDg9_5yMfdDlbxIBDhrnRTTVPy8SyzQKzBh8-Zy1gkrKdpBIqWu6vvTDZum6P8ZqyQAxbpLE-RBQmFtT548JwR-5G0dabARJ9PVyPCQ=">www.khgroup.com/en</a> Attachments<ul> <li> <a href="https://ml-eu.globenewswire.com/Resource/Download/22369a00-439b-45f0-9bbb-88a7b446bfd7">KH Group Annual Report 2025</a> </li> <li> <a href="https://ml-eu.globenewswire.com/Resource/Download/56074c63-33d2-400e-83f3-ba1a46928ec1">Corporate Governance Statement 2025</a> </li> <li> <a href="https://ml-eu.globenewswire.com/Resource/Download/aa90c552-d66d-49fb-b738-9dca9817cfb0">Remuneration Report 2025</a> </li> <li> <a href="https://ml-eu.globenewswire.com/Resource/Download/167e0574-017e-46d6-b4eb-54c1ae70048b">KH Group Oyj - Report by the Board of Directors and Financial Statements 31.12.2025</a> </li> <li> <a href="https://ml-eu.globenewswire.com/Resource/Download/646b3c5f-f113-4524-b5b7-7f9954257afc">743700F6CLX8JMYDEP21-2025-12-31-1-fi</a> </li> </ul><img alt="" src="https://www.globenewswire.com/newsroom/ti?nf=MTAwMTE3MjM5NCM0MDIzNjQ4NzAjMjA4Mzk5NA=="> <img alt="" src="https://ml-eu.globenewswire.com/media/YzQyNjY2NTItZDkxZS00ODVjLWJkZDctNjgzYTY4YzBjMTNhLTEwOTU1NjUtMjAyNi0wMy0yNi1lbg==/tiny/KH-Group-Oyj.png">