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Research

LapWall: Seeds of growth were sown

By Antti ViljakainenHead of Research
LapWall
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We included the expected investment decision that LapWall sealed last week for the Pyhäntä unit in our forecasts. We expect it to create value for shareholders as profitable growth but expect the benefits to be clearly visible in the figures only from 2027 onwards. In the shorter term, we believe the stock will be driven by the development of the Finnish construction cycle in particular and the company’s earnings outlook for 2024-2025, which depends on it.

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 Figures14.03.2024

202324e25e
Revenue41.945.253.8
growth-%-20.2 %7.9 %19.0 %
EBIT (adj.)3.94.76.9
EBIT-% (adj.)9.4 %10.5 %12.8 %
EPS (adj.)0.220.250.36
Dividend0.130.130.15
Dividend %4.2 %3.4 %3.9 %
P/E (adj.)14.215.110.7
EV/EBITDA8.39.47.0

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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