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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 %2.4 %2.6 %
P/E (adj.)8.622.618.8
EV/EBITDA4.813.511.2

Forum discussions

Brand new Inderes analysis (@Tommi_Saarinen): LapWall’s Q3 results were clearly stronger than our expectations, as the order book converted ...
yesterday
15
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...
yesterday
16
@jarmot.pekkarinen and Tommi discussed LapWall’s latest developments and outlook Topics: (00:00) Introduction (00:22) Tiina Määttä (02:34) Change...
yesterday
by Sijoittaja-alokas
15
Thanks for sharing the post. That was quite a strong performance in Q3, and it seems like things are progressing well with the new factory. ...
yesterday
by Janne
6
From the release: LapWall will deliver a roof solution for a data center currently under construction in Finland; this is the third roof solution...
yesterday
24
I’ve been waiting for Lapwall’s results since 9:00 with a cup of coffee. Doesn’t this usually come out between 8:30 and 9:00? The F5 key on ...
yesterday
by Jussi
20
Here are Tommi’s preview comments as LapWall releases its Q3 business review next Wednesday. We expect the high order backlog to have driven...
10/14/2026, 4:44 AM
by Sijoittaja-alokas
9