contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Thomas Westerholm

KH Group Plc is a Nordic corporation supporting sustainable construction and society’s critical functions with two business areas: KH-Koneet, supplier of construction and earthmoving machinery, and Nordic Rescue Group, rescue vehicle manufacturer. KH Group’s share is listed on Nasdaq Helsinki.

Asko and Sotka in Helsingin Sanomat (edit: moved behind a paywall)                   Helsingin Sanomat – 4 Mar 26              HS tutki | Asko ja Sotka johtivat asiakkaita harhaan ennen konkurssia    Huonekaluyhtiö Indoor Groupin viimeinen vuosi oli täynnä epätoivoista kikkailua tavarantoimittajien kanssa. Johto pimitti tiedot yhtiön todellisesta tilasta niin Askon ja Sotkan asiakkailta kuin myymälöiden työntekijöiltä.                             I’m linking this here since KH Group is mentioned several times in the text. The article is mainly expressing disbelief over Indoor’s dividends from past years and, above all, how they eagerly tried to hoard goods from suppliers at a point when the game already seemed to be up.

Konepörssi magazine features a story about the long-term cooperation between HRK-Konevuokraamo and KH-Koneet. For those interested in reading. “With Kramer, our selection has expanded from loaders to telehandlers as well, and we recently received three Kramer 2706 telehandlers for our fleet.” ”We already have 12 Yanmar excavators from KH-Koneet, and to complement the growing category of electric machines, we have acquired, for example, two Wacker Neuson EZ17 battery-powered machines. As electrification increases, it’s also good to know that KH-Koneet has solutions ready that meet future requirements, such as in the tenders our customers face” ”Another significant product group is compaction equipment, which includes hundreds of units from the approximately 50 kg class up to 600 kg Wacker Neuson diesel models. We currently have a good selection of drum rollers in stock, and due to their popularity, the quantity will certainly be increased in the near future."                   Konepörssi.com – 26 Feb 26              HRK-Konevuokraamot ja KH-Koneet: Palvelutaso ja vastuullisuus yhdistävät -...    HRK-Konevuokraamot ja KH-Koneet. Palvelutaso ja vastuullisuusyhdistävät alojensa ammattilaisia

Here are Thomas’s comments on the management change at KH-Koneet.  On Friday, KH Group announced the appointment of Tuomas Myllynen as the CEO of KH-Koneet. The appointment follows a process initiated last autumn, when the company’s long-standing CEO and co-founder, Teppo Sakari, announced he would be stepping down during 2026. Myllynen joins the company from his role as Country Manager at Cramo and will start by the beginning of August at the latest. In our view, Myllynen’s background makes him a strong successor to Sakari, and his experience in equipment rental supports KH-Koneet’s growth strategy.                   Inderes              Tuomas Myllynen KH-Koneiden toimitusjohtajaksi - Inderes    KH Group Oyj Lehdistötiedote 20.2.2026 klo 9.15 Tuomas Myllynen KH-Koneiden toimitusjohtajaksi Suomen johtava konekauppa, KH-Koneet, on nimittänyt Tuomas Myllysen yhtiön uudeksi toimitusjohtajaksi...

Based on the CV, it seems like a really good choice, but it’s naturally impossible to say how the chemistry works with the KH Koneet team and what the focus of management will be in the coming years. In any case, KH Group’s news flow has now turned positive. There has been good news regarding the Indoor divestment, the market situation for KH Koneet and NRG, and the new leader of KH Koneet. Good news feeds good news and vice versa. The cycle now seems to have been broken.

I think it’s a good and appropriate choice. I’m satisfied and even somewhat relieved!

Cramo’s Country Manager is the new CEO of KH-Koneet. The transition will take place by August 1, 2026, at the latest. Teppo Sakari will be available in an advisory role. “Tuomas Myllynen has previously held leadership positions at Cramo for a long time and will join KH-Koneet from his role as Cramo’s Country Manager. Myllynen holds a Master of Science in Engineering from Tampere University of Technology.”                   Inderes              Tuomas Myllynen KH-Koneiden toimitusjohtajaksi - Inderes    KH Group Oyj Lehdistötiedote 20.2.2026 klo 9.15 Tuomas Myllynen KH-Koneiden toimitusjohtajaksi Suomen johtava konekauppa, KH-Koneet, on nimittänyt Tuomas Myllysen yhtiön uudeksi toimitusjohtajaksi...

To mark the comprehensive report, a video about KH Group was filmed today. Tässä video:                   Inderes              KH Group: Kahdet tulosvaroitukset ja yhdet hautajaiset - Inderes    Aika: 19.02.2026 klo 16.35 Indoor Groupin irtautumisen myötä KH Groupin rakenteellinen muutosmatka on valmis, ja strategia painottuu KH-Koneiden ja NRG:n ympärille. Vahva lopetus vuoteen vahvistaa näkemystä siitä, että konsernin tuloskuoppa on...

KH Group

The transformation of KH Group toward a conglomerate to be built around KH-Koneet is progressing, but we estimate that the current difficult business environment can slow down the unlocking of value and expose Indoor Group in particular to balance sheet risks. Our SOTP calculation indicates a clear upside potential for the stock, although its realization is conditional on dissolving the current ownership structure and avoiding materialization of balance sheet risks.

<p>The transformation of KH Group toward a conglomerate to be built around KH-Koneet is progressing, but we estimate that the current difficult business environment can slow down the unlocking of value and expose Indoor Group in particular to balance sheet risks. Our SOTP calculation indicates a clear upside potential for the stock, although its realization is conditional on dissolving the current ownership structure and avoiding materialization of balance sheet risks.</p> 

	2022	23e	24e
Revenue	441.3	416.3	400.4
growth-%	3,737.4 %	-5.7 %	-3.8 %
EBIT (adj.)	12.2	11.6	10.1
EBIT-% (adj.)	2.8 %	2.8 %	2.5 %
EPS (adj.)	0.24	0.16	-0.01
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	4.9	3.4	neg.
EV/EBITDA	18.6	5.7	5.2

KH Group: A structural change worth waiting for

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Key Estimate Figures10.03.2024

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