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Research

LapWall: Positive drivers may need time to mature

By Antti ViljakainenHead of Research
LapWall
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The overall picture of the Q3 report published yesterday by LapWall was disappointing as new orders remained low. Due to the Q3 numbers and the prolonged weak market outlook for (housing) construction, we also cut our forecasts for LapWall clearly, although we still expect the company to gain market shares in the current industry turbulence and be in a good position when the next upward cycle starts.

LapWall operates in the building products industry with several factories. The company manufactures wooden wall and ceiling elements in factory conditions for construction companies. The product range includes several standard products that are delivered and installed by the customer. The company's market area is Finland. LapWall was founded in 2011 and its headquarters are located in Pyhäntä, Finland.

Read more on company page

Key Estimate Figures31.10.2023

202223e24e
Revenue52.541.045.0
growth-%8.6 %-21.8 %9.5 %
EBIT (adj.)8.34.15.1
EBIT-% (adj.)15.8 %10.1 %11.3 %
EPS (adj.)0.420.230.27
Dividend0.190.120.13
Dividend %5.3 %3.2 %3.4 %
P/E (adj.)8.616.914.0
EV/EBITDA4.810.08.3

Forum discussions

The amount of the dividend has been decided, but the payment date will be decided later. Inderes LapWall Oyj:n varsinaisen yhtiökokouksen pä...
3/27/2026, 2:21 PM
by Pirunnaapuri
9
Hope you didn’t do business with broke people.
3/27/2026, 1:46 PM
by Lenheeti
10
It was supposed to come but didn’t. But I’m sure it will be paid in the coming days.
3/27/2026, 1:41 PM
by Adonis
0
I thought Lapwall would pay dividends on March 26th. However, none landed in my account.
3/27/2026, 1:24 PM
by Mamma94
1
I just got around to listening to Jarmo Pekkarinen’s presentation at the general meeting. What an excellent package. There was one brilliant...
3/27/2026, 11:30 AM
by JHeiskanen
34
So, a €6M improvement potential. 2/3, or €4M, of the potential from materials. Materials purchased for €18M. Material cost reduction potential...
3/25/2026, 7:25 PM
by Pettersson
14
Thank you for the excellent question. We will not elaborate further on the calculation basis. Part of this is directly related to operational...
3/23/2026, 11:06 AM
by Jarmot Pekkarinen
24
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