Finland's KH Group Q2 net sales rise, net profit turns positive
Finland's KH Group Q2 net sales rise, net profit turns positive
Overview
Finland construction machinery and rescue vehicle supplier's Q2 net sales rose 15% yr/yr
Q2 net profit turned positive from a loss a year earlier
Company says profitability improved across business units, led by KH-Koneet and Nordic Rescue Group
Outlook
KH Group expects 2026 net sales to increase from 2025
Company expects 2026 comparable operating profit to rise year-on-year
KH Group says outlook improved due to record-high order book
Result Drivers
BUSINESS UNIT PROFITABILITY - Co said profitability improved across all group companies, with KH-Koneet and Nordic Rescue Group showing year-on-year profit gains
COST STRUCTURE MEASURES - Co said ongoing streamlining and efficiency measures are expected to reduce costs by about EUR 1 mln in 2027
ORDER BOOK - Co said future outlook has improved further thanks to a record-high order book
Company press release: ID:nGNEbrxRP6
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income |
| EUR 2.40 mln |
|
Q2 Operating Profit |
| EUR 4.10 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for KH Group Oyj is €0.56, about 3.8% below its August 13 closing price of €0.58
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 15 three months ago
Reuters Recommended Reads
Aug 13 - Sweden's NYAB posts higher Q2 revenue, profit; civil engineering order backlog at record high
Aug 11 - Finland's Ponsse H1 operating profit falls as customers delay decision making
Aug 13 - Norway's NRC Group Q2 revenue falls
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)