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

Head of Research

Antti Viljakainen

Analyst

Tommi Saarinen

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.

LapWall’s Strategy 2025–2030: A Clear Direction and the Ability to Execute LapWall updated its strategy in 2024. The slide below summarizes the company’s strategic framework for the years 2025–2030: mission, vision, strategic goals, and key success factors.  This post is based on the strategy published by LapWall in 2024. Mission and vision: why LapWall exists and where the company is headed LapWall’s mission is “sustainable prefabricated construction for the benefit of our customers and the environment.” The mission reflects the company’s role as an industrial operator seeking long-term value for its customers, the environment, and its owners. The vision for 2030 is ambitious yet clear:  LapWall aims to be “a pioneer in prefabricated construction, the most respected player in the industry, and a preferred workplace.” The vision is not limited to market position alone but also covers the employee experience and corporate culture—factors that are central to building a sustainable competitive advantage. Strategic goals: growth on LapWall’s own standards The strategy relies on four key goals:  The most respected operator in the industry, measured by image studies, employee satisfaction, and eNPS, among others. Superior added value for customers through LapWall’s product portfolio and solutions (NPS and customer surveys). Increasing prefabricated construction according to LapWall’s standards, through growth in volume and market share. Long-term financial targets: approximately 100 million euros in revenue and a 15–20% EBITDA margin.  Crucially, growth is not based solely on chasing volume but on the company’s own operating models, productization, and industrial efficiency. Strategic success factors: bringing the strategy to everyday life LapWall’s strategy has been broken down into concrete success factors that guide daily operations:  Communication, marketing, and advocacy Sales and account management Project expertise from design to installation Product portfolio and conceptualized solutions Functional and efficient factories Efficiency in procurement and material usage  These are supported by cross-cutting capabilities: finance, systems, AI, and digitalization, all founded on a skilled, motivated, and healthy workforce. Capacity supports strategic execution The strategy is not based on assumptions but on structures. LapWall is currently implementing the largest investment in its history. Upon completion, the facilities and capacity of the production plants will be at a level that enables the achievement of the revenue targets outlined in the strategy. This is a key part of the strategy’s credibility: the growth targets are supported by capabilities that have already been built or are under construction. Summary  LapWall’s strategy for 2025–2030 is clear and measurable, and it is built to be operationally implemented during the strategy period. It combines growth, profitability, customer value, and personnel into a single entity, which the company has both the will and the prerequisites to execute. Strategy and capacity create the prerequisites; the task of management is to turn them into results.

OP has updated its analysis.  It expects 2026 revenue of €58m (31.4% growth) and EBITA excluding non-recurring items of €8m (13.4%). It expects the company to guide for significant revenue growth and a double-digit EBITA margin for 2026. Strong growth is based on new customer accounts gained through new capacity and winning market share. Recommendation Buy and €5.1, whereas previously €4.4 and Accumulate. Inderes currently forecasts more moderately for 2026: revenue €51.4m (18% growth) and adj. EBIT €5.1m (9.9%).

A friend has been asking for quotes on elements for a wooden house. The first quote he received sounded outrageously expensive. It’s a shame he isn’t getting a quote from Kastelli. As a shareholder, I would be interested to know if it’s a competitive channel.

Thanks for this overview and Merry Christmas, Jarmo Pekkarinen. I really appreciate that the company’s CEO participates in this thread and keeps us updated.

LapWall – A look at 2025 and future prospects The year 2025 has been a year of determined development for LapWall, during which we have strengthened the company’s operational foundation and capabilities for future growth phases. A key step is Factory 3, which is nearing completion in Pyhäntä, strengthening our capacity and expanding our product and solution offering. This investment improves our delivery capability, competitiveness, and our ability to respond to increasingly demanding projects, supporting the company’s prerequisites for profitable growth. Our roof element business is in a strong market position. The conceptualized operating model of the Pälkäne and Veteli factories and an annual capacity of over 400,000 m² enable reliable deliveries even in large and time-sensitive projects. During the year, we also made a breakthrough into a new segment by delivering a roof solution for the Kajaani data center project. This demonstrates the suitability of our solutions for technically and qualitatively very demanding sites. Our operations are based on a clear and controlled whole: standardized product and delivery content, a conceptualized process from quotation to installation, high and verified quality, and a competitive cost structure. Responsibility is an integral part of our operations. The environmental impacts of our products have been verified with third-party verified RTS EPD environmental declarations, and development work towards lower-emission solutions continues. I want to thank our customers, partners, and LapWall personnel for their committed and professional work during 2025. Thanks also to everyone following the company’s development and to the owners for their factual and constructive discussion. The company’s operational foundation has strengthened, and we are moving into 2026 from a strong starting point. If owners or those interested in the company wish to get acquainted with LapWall’s operations and production on site, a factory visit is possible by arrangement. More information: Factories

Here is more information and references for the sites we have delivered.  LapWall roof element system

I wrote an article on LinkedIn about what low-carbon hybrid construction means in practice and how LapWall’s role is defined in these projects. LapWall’s delivery role in hybrid projects is clear:   facade elements   warm roof elements (also available with a vapor-tight polyester-coated steel soffit)   cold roof elements / roof element system Link to the article:                  linkedin.com              Mitä vähähiilinen hybridirakentaminen tarkoittaa LapWallilla? | Jarmo Pekkarinen    Mitä vähähiilinen hybridirakentaminen tarkoittaa käytännössä?  Meille LapWallissa hybridi ei ole iskusana, vaan tapa tehdä hankkeista nopeampia, varmempia ja pienemmällä hiilijalanjäljellä.  Hybridirakentamisen ydin on yksinkertainen: oikea...

LapWall

LapWall's Q4 report was slightly weaker than expected as a whole, due to lower order backlog than we predicted, the increasingly bleak outlook for residential construction, and the slight Q4 earnings miss. However, the report had a limited impact on LapWall’s overall picture, and we still expect the company to achieve significant earnings growth with its competitive advantages as the construction cycle turns.

<p>LapWall's Q4 report was slightly weaker than expected as a whole, due to lower order backlog than we predicted, the increasingly bleak outlook for residential construction, and the slight Q4 earnings miss. However, the report had a limited impact on LapWall’s overall picture, and we still expect the company to achieve significant earnings growth with its competitive advantages as the construction cycle turns. A market turnaround is unlikely this year and the outlook is still uncertain, but the stock is reasonably priced even with the poor current performance considering the company’s potential. </p> 

	2023	24e	25e
Revenue	41.9	45.2	53.8
growth-%	-20.2 %	7.9 %	19.0 %
EBIT (adj.)	3.9	4.7	6.9
EBIT-% (adj.)	9.4 %	10.5 %	12.8 %
EPS (adj.)	0.22	0.25	0.37
Dividend	0.13	0.13	0.15
Dividend %	4.2 %	3.1 %	3.6 %
P/E (adj.)	14.2	16.7	11.2
EV/EBITDA	8.3	9.2	6.1

LapWall: No signs of a market turnaround yet

Login required

Key Estimate Figures08.02.2024

Forum discussions