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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 %3.3 %3.8 %
P/E (adj.)14.215.911.3
EV/EBITDA8.39.87.3

Forum discussions

A friend has been asking for quotes on elements for a wooden house. The first quote he received sounded outrageously expensive. It’s a shame...
12/28/2025, 9:08 PM
by Pettersson
2
Thanks for this overview and Merry Christmas, Jarmo Pekkarinen. I really appreciate that the company’s CEO participates in this thread and keeps...
12/17/2025, 6:38 AM
by Mamma94
23
LapWall – A look at 2025 and future prospects The year 2025 has been a year of determined development for LapWall, during which we have strengthened...
12/17/2025, 6:16 AM
by Jarmot Pekkarinen
76
Here is more information and references for the sites we have delivered. LapWall roof element system
12/11/2025, 6:56 AM
by Jarmot Pekkarinen
36
I wrote an article on LinkedIn about what low-carbon hybrid construction means in practice and how LapWall’s role is defined in these projects...
12/11/2025, 6:40 AM
by Jarmot Pekkarinen
31
In his speech, Jarmo extends an invitation to visit us, and here is a link to the page through which visits can be coordinated: Tehtaat A warm...
11/28/2025, 10:44 AM
by Sanna Rasanen
20
@jarmot.pekkarinen gave a good and interesting presentation at the Investor 2025 event Inderes LapWall sijoituskohteena | Sijoittaja 2025 - ...
11/28/2025, 10:16 AM
by Sijoittaja-alokas
15
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