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LapWall: Positive drivers may need time to mature

LAPWALLResearch01.11.2023 klo 14.06
Antti ViljakainenHead of Research
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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 %2.6 %2.9 %
P/E (adj.)8.620.216.8
EV/EBITDA4.812.010.0

Forum discussions

This certainly offers sales opportunities for Lapwall as well. It remains to be seen what solutions Google will end up with - but Lapwall’s ...
yesterday
by Satunnaisotanta
8
Google announced 13 billion euro investments in data centers and energy in Finland, and the stock market saw lively action as Fortum was up ...
yesterday
by Arvuuttelija
14
LapWall at FinnBuild on September 29 – October 1, 2026 – Welcome to Booth 6p48 I figured I’d share the news here as well that LapWall will be...
9/4/2026, 12:25 PM
by Jarmot Pekkarinen
25
LapWall’s 15th-anniversary publication has been mailed to the company’s shareholders. If the magazine did not arrive in your mail or you would...
9/3/2026, 6:13 AM
by Jarmot Pekkarinen
53
In this data center review, the topic was also touched upon from LapWall’s perspective.
9/2/2026, 12:51 PM
by Tommi_Saarinen
12
To the discussion from yesterday, let’s add some visuals. Here is a short video of LapWall’s new Pyhäntä factory: The ramp-up of the factory...
9/1/2026, 7:01 AM
by Jarmot Pekkarinen
22
Thanks for the clarification, Jarmo! That’s exactly how it goes. And every line where the need to transition to two shifts materializes due ...
8/31/2026, 9:39 AM
by Janne
6