KH Group

Preliminary data from KH Group indicates that the group's strong performance from Q2 has continued. While Q3 revenue was in line with our estimates, profitability was stronger than expected.

KH Group's Q2 earnings exceeded our expectations in terms of both revenue and especially profitability. The positive surprises in the report were the turnaround in KH-Koneet's Swedish business and additional visibility into NRG's strong order book.

KH Group's Q2 earnings exceeded our expectations in terms of both revenue growth and especially profitability. The positive surprises in the report highlighted the turnaround in KH-Koneet's Swedish business and a broad-based improvement in relative profitability.

We expect the company's revenue and adjusted EBIT to have grown significantly from the comparison period, driven by both subsidiaries.

KH Group's Q1 profitability was at a weak level due in part to timing-related factors.

KH Group's strong Q4 figures were already known based on the preliminary data provided by the company.