Why KH Group stock moves
KH Group fell, moving well apart from the market.
Written after the close on ·
Why today
16,307 news analyzed todayKH Group fell, moving well apart from the market.
The news from that day is a sports sponsorship item, so it is not the likely cause.
Over the last five trading days the stock fell sharply while OMX Helsinki 25 was roughly flat, a move about twice its usual five-day swing.
Earlier news includes better third-quarter results and a CEO step-down, both before the session.
Today's move of −2.65% was 1.5 times a normal day's 1.8%. OMX Helsinki 25 moved −0.56% on the same day.
KH Group −2.65%OMX Helsinki 25 −0.56%Much weaker than the market
What analysts expect, and how often they have been right
Analysts’ estimates for KH Group.
KH Group earned more than expected in 4 out of 7 reports.
Not in the chart because no estimate and result are available: 4 of the 11 reports in this period, the latest on August 14, 2026.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 6 out of 7 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 0.74 EUR
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedEUR
Next reported quarter: expected earnings per share of 0.04 EUR. For the current fiscal year, expected earnings per share changed from 0.01 EUR three months ago to 0.04 EUR now. 2026 estimate: 0.04 EUR. 2027 estimate: 0.09 EUR. One analyst made these estimates. People on the board and in management must report their trades in the share, and the company publishes them. January 12: Buy about 21 thousand EUR. December 23: Buy about 20 thousand EUR. December 22: Buy about 60 thousand EUR.
Has the share price followed the business?
Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −14% and earnings per share went from -0.42 EUR to -0.01 EUR.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.m EUR
Assets, liabilities and market cap
AssetsLiabilitiesMarket capm EUR
Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 43.0 m EURRevenue 2025: 205 m EUR
What the key figures say about KH Group
The figures connect what KH Group earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: -0.42 EUR–-0.01 EUR. Peers: Salix Group 2.63 SEK, Alligo 7.07 SEK, OEM International 5.09 SEK. 2026 estimate: 0.04 EUR (0.04 EUR–0.04 EUR). 2027 estimate: 0.09 EUR (0.09 EUR–0.09 EUR).
What the company sold during the year.
2022–2025: 0.0 m EUR–205 m EUR. Peers: Salix Group 4.6 bn SEK, Alligo 9.9 bn SEK, OEM International 5.9 bn SEK. 2026 estimate: 225 m EUR (225 m EUR–225 m EUR). 2027 estimate: 251 m EUR (251 m EUR–251 m EUR).
The percentage of revenue left after the costs of running the business.
2022–2025: −3.7%–2.9%. Peers: Salix Group 8.3%, Alligo 5.9%, OEM International 14.7%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: −49.5%–−1.1%. Peers: Alligo 9.3%, OEM International 24.7%.
What investors pay for each unit the company sells.
2022–2025: 0.13–0.38. Peers: Salix Group 1.12, Alligo 0.59, OEM International 3.85. 2026 estimate: 0.19. 2027 estimate: 0.17.
Money paid to shareholders per share, summed by calendar year.
2017–2025: 0.00 EUR–0.19 EUR.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 0.0%–0.0%. Peers: Salix Group 0.0%, Alligo 1.9%, OEM International 1.1%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: 0.98–9.59. Peers: Salix Group 4.21, Alligo 3.86, OEM International -0.18.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 0.54–0.80. Peers: Salix Group 4.92, Alligo 1.45, OEM International 8.53.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 14.5–17.0.
Cash left after investments, divided by the number of shares.
2022–2025: -0.07 EUR–0.45 EUR. Peers: Alligo 22.56 SEK, OEM International 2.13 SEK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 18.3%–77.9%.
What followed similar falls?
Including reinvested dividends, KH Group fell 6.1% over the latest five trading days. Since November 4, 2016, falls at least this large were followed by a higher value 21 trading days later in 19 out of 38 non-overlapping periods. The median was −0.1%, against −0.1% for an ordinary 21-day period, which ended higher 47 times in 100.
Such a fall has not said much about the next month.
−0.1% · 19/38
More about KH Group
Insider trades
People on the board and in management must report their trades in the share, and the company publishes them.
- Carl Haglund, CEOBuyabout 21 thousand EUR
- Juha Karttunen, board memberBuyabout 20 thousand EUR
- Juha Karttunen, board memberBuyabout 60 thousand EUR
Earnings report
On its last 16 report days KH Group usually moved about 5.2%. On a normal day it moves 1.8%.
−3.07% Why? +0.00% +9.97% −5.23%
10,000 EUR in KH Group bought on November 7, 2016 is worth 7,190 EUR today, with dividends reinvested.
The same amount in OMX Helsinki with dividends would have become 24,500 EUR.
What would 10,000 EUR in KH Group be worth today? →
What would 10,000 EUR in KH Group be worth today?
7,190 EUR
with dividends reinvested, bought on November 7, 2016. The same amount in OMX Helsinki with dividends would have become 24,500 EUR.
At worst it was worth 3,870 EUR (December 19, 2025).
The five biggest days of the journey
· +24.9% · the whole market rose 0.9% the same day · report day
· −21.1% · the whole market rose 0.1% the same day
· +19.8% · the whole market rose 0.9% the same day
· −18.0% · the whole market fell 0.3% the same day
· +17.2% · the whole market rose 0.5% the same day
Earlier days
−2.37% market +0.50% KH Group edged down this week while the broader Helsinki market edged up, so it moved against the market. Read →
KH Group edged down this week while the broader Helsinki market edged up, so it moved against the market.
The move was ordinary in size, on thin trading.
Analysts from OP Corporate Bank and Inderes changed their views on 2 November, with Inderes moving to Buy and both naming new fair-value targets.
Industrials peers rose over the same window, so the company lagged its sector.
−0.79% market +1.62% KH Group fell, while OMX Helsinki 25 rose sharply. Read →
KH Group fell, while OMX Helsinki 25 rose sharply.
KH Group's move was an ordinary one for this stock and traded well below its usual volume.
No company news explains the move; the wider stock market rose while KH Group drifted lower.
Over the last five trading days KH Group was roughly unchanged, while the market rose slightly.
+5.26% market −0.31% KH Group rose, moving against a slightly weaker market. Read →
KH Group rose, moving against a slightly weaker market.
Its strong move, about four times a normal day, was rare, happening roughly seven times in the past year.
The most likely driver is the earnings turnaround and raised outlook from last week's Q3 report.
Analysts also lifted their targets the day before, with OP Corporate Bank and Inderes raising their price targets, the share price they see as fair.
Over five trading days the stock was roughly unchanged, while the broader market fell clearly, so it held up better than the market.
−4.75% market +0.24% KH Group fell, moving against a slightly rising market. Read →
KH Group fell, moving against a slightly rising market.
The likeliest reason is the CEO Carl Haglund stepping down, announced on Tuesday last week before that session, although that news was out before the session opened.
Over the last five trading days the stock fell sharply, moving more than OMX Helsinki 25, which fell slightly.
Analysts OP Corporate Bank and Inderes both raised their ratings on the stock that day, which may have supported it.
Q3 earnings, published last week, were about in line with expectations and showed strong profit growth.
−3.07% market −1.16% KH Group fell, the day it published its Q3 report. Read →
KH Group fell, the day it published its Q3 report.
Its report showed strong results, with comparable operating profit (profit before one-off items) up about 168%.
Its CEO's step-down was announced on Tuesday, before the last session, so it is background, not the cause.
Over the last five trading days, KH Group fell sharply while OMX Helsinki 25 was roughly flat, so it moved on its own.
The move was big, about twice a normal five-day stretch for the stock.
−5.49% market +0.22% KH Group fell sharply over the week, while the wider Helsinki market stayed roughly flat. Read →
KH Group fell sharply over the week, while the wider Helsinki market stayed roughly flat.
The fall was big for this stock, and the sector median fell too.
The most important company news was the strong interim report on 30 October, which showed profit more than doubling, yet the shares still fell that day.
The CEO Carl Haglund also announced on 27 October that he will step down within six months.
+3.17% market +0.35% KH Group rose, while the OMX Helsinki 25 index rose only slightly. Read →
KH Group rose, while the OMX Helsinki 25 index rose only slightly.
The move came after the company said on Tuesday that CEO Carl Haglund will step down, and a search for a successor has started.
The company also said he will stay on for up to six months, or until a new chief executive is found.
Investors may have read the news as a sign of a stronger company, since the board said the group is now in a strong position.
Over the last five trading days the shares were roughly unchanged, and that was less movement than the market.
−1.29% market −0.14% KH Group fell on its CEO's exit news. Read →
KH Group fell on its CEO's exit news.
Over the past five trading days the stock fell slightly, while the OMX Helsinki 25 was roughly flat.
The likely driver is the announcement that CEO Carl Haglund will step down, which he stays on as chief executive for up to six months while a successor is sought.
A leadership change at this point can unsettle investors.
The next earnings report is due Friday 30 October 2026.
−3.24% market +1.83% KH Group fell, moving against a rising market. Read →
KH Group fell, moving against a rising market.
A business purchase or sale is the news from that session, but its details are not given.
Over the last five trading days the shares fell slightly while the market was roughly flat.
Trading volume was around its usual level.
The next earnings report is due Friday 30 October 2026.
+3.08% market −0.38% KH Group rose sharply, against a falling market, with no clear company news explaining it. Read →
KH Group rose sharply, against a falling market, with no clear company news explaining it.
Over the last five trading days it fell slightly, while OMX Helsinki 25 fell clearly, so KH Group held up better.
The most likely reason is that trading was thin, so a few buy orders could push the price up quickly.
The next event is the earnings report, the company's quarterly results, on Friday 30 October.
−1.72% market −3.27% KH Group edged lower over the past five trading days, moving less than the broader Finnish market, which fell clearly. Read →
KH Group edged lower over the past five trading days, moving less than the broader Finnish market, which fell clearly.
The company's share price was little changed in direction but eased modestly, while OMX Helsinki 25, the main index of the largest listed companies, dropped more sharply.
The news flow was thin: a fresh set of analyst estimates for the company appeared this week, but no clear event explains the move.
−4.99% market −1.41% KH Group fell very sharply, more than the market. Read →
KH Group fell very sharply, more than the market.
No company news explains the drop.
Over the last five trading days the shares fell sharply, a big move for the stock.
Analysts recently cut their price targets, the share prices they see as fair, and downgraded the stock to reduce, a sell-type rating.
Shareholder nomination board changes were announced, but they are routine.
−3.19% market −0.87% KH Group fell sharply, without a clear company news cause. Read →
KH Group fell sharply, without a clear company news cause.
Over the last five trading days it fell very sharply, far more than the market.
This was a very big move, about four times a normal five-day stretch for KH Group.
The fall came after OP Corporate Bank cut its rating to reduce and lowered its price target.
Inderes also cut its rating to reduce.
Learn more · Why do stocks go up and down?