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LapWall: Seeds of growth were sown

LAPWALLResearch14.03.2024, 08.53
Antti ViljakainenHead of Research
Discuss
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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 %2.9 %3.3 %
P/E (adj.)14.218.112.8
EV/EBITDA8.311.28.3

Forum discussions

This certainly offers sales opportunities for Lapwall as well. It remains to be seen what solutions Google will end up with - but Lapwall’s ...
yesterday
by Satunnaisotanta
8
Google announced 13 billion euro investments in data centers and energy in Finland, and the stock market saw lively action as Fortum was up ...
yesterday
by Arvuuttelija
14
LapWall at FinnBuild on September 29 – October 1, 2026 – Welcome to Booth 6p48 I figured I’d share the news here as well that LapWall will be...
9/4/2026, 12:25 PM
by Jarmot Pekkarinen
25
LapWall’s 15th-anniversary publication has been mailed to the company’s shareholders. If the magazine did not arrive in your mail or you would...
9/3/2026, 6:13 AM
by Jarmot Pekkarinen
53
In this data center review, the topic was also touched upon from LapWall’s perspective.
9/2/2026, 12:51 PM
by Tommi_Saarinen
12
To the discussion from yesterday, let’s add some visuals. Here is a short video of LapWall’s new Pyhäntä factory: The ramp-up of the factory...
9/1/2026, 7:01 AM
by Jarmot Pekkarinen
22
Thanks for the clarification, Jarmo! That’s exactly how it goes. And every line where the need to transition to two shifts materializes due ...
8/31/2026, 9:39 AM
by Janne
6