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LapWall: Positive drivers may need time to mature

LAPWALLResearch01.11.2023 klo 14.06
Inderes
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The overall picture of the Q3 report published yesterday by LapWall was disappointing as new orders remained low. Due to the Q3 numbers and the prolonged weak market outlook for (housing) construction, we also cut our forecasts for LapWall clearly, although we still expect the company to gain market shares in the current industry turbulence and be in a good position when the next upward cycle starts.

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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.

Read more on company page

Key Estimate Figures31.10.2023

202223e24e
Revenue52.541.045.0
growth-%8.6 %-21.8 %9.5 %
EBIT (adj.)8.34.15.1
EBIT-% (adj.)15.8 %10.1 %11.3 %
EPS (adj.)0.420.230.27
Dividend0.190.120.13
Dividend %5.3 %2.5 %2.7 %
P/E (adj.)8.621.617.9
EV/EBITDA4.812.910.7

Forum discussions

I was strolling around the company’s premises the other day, and I’m pretty sure it was LapWall’s guys up on the roof. Mäntsälän kunta – 17 ...
23 hours ago
by ThaVeka
22
Building LapWall’s Competitiveness One Minute at a Time On the assembly line for roof element system products (uninsulated roof elements) at...
yesterday
by Jarmot Pekkarinen
46
Thanks Jarmo for the webinar invite and the great posts. Lapwall certainly has clear competitive advantages in many segments, but especially...
11/10/2026, 1:15 PM
by Janne
11
Greetings to the forum! Here is a tip for those interested in LapWall’s data center solutions. We are organizing a webinar on Tuesday, November...
11/10/2026, 12:49 PM
by Jarmot Pekkarinen
29
Five factories and three data center projects LapWall’s roof solution has been selected for three data center projects. Prefabricated element...
11/4/2026, 2:44 PM
by Jarmot Pekkarinen
49
Brand new Inderes analysis (@Tommi_Saarinen): LapWall’s Q3 results were clearly stronger than our expectations, as the order book converted ...
10/21/2026, 8:03 PM
17
In the interview, we actually got extensive commentary on data centers between timestamps 14:50 and 19:10 (even though it didn’t make it into...
10/21/2026, 7:22 PM
16