Purmo Group: Ending the year on a high note

By Olli Koponen
2021 was a year of strong growth for Purmo Group, both in terms of the top line and earnings. After a strong year of growth, we expect both net sales and earnings growth to clearly moderate in the coming years due to geopolitical uncertainties, stabilization of market demand and rise in raw material prices. However, we feel the valuation is still moderate relative to the current earnings level and potential.