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 CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  availableLanguages
  pageUrl
  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
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    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
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      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
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


inside-information-profit-warning-kh-group-plc-lowers-its-guidance-for-2024-1

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

availableLanguages

pageUrl

imgUrl

description

Sievi Capital is now a conglomerate with a new name KH Group. Our medium-term objective is to become an industrial group built around the business of KH-Koneet Group. KH Group’s share is listed on Nasdaq Helsinki.

För investerare i KH-Koneet Group är företagets situation tudelad. Trots att marknaden för entreprenadmaskiner har varit utmanande har företaget klarat sig bättre än många konkurrenter, särskilt under andra och tredje kvartalet. KH-Koneet kan dra nytta av en återhämtande efterfrågan, och dess långsiktiga tillväxtpotential stöds av en stark kundbas och strategisk konkurrensfördel. I nuvarande marknadsläge är dock fokus på att upprätthålla lönsamheten. Möbelhandeln har ökat något i augusti, men en anledning kan vara att folk handlade mer innan höjningen av mervärdesskatten den 1 september.

KH Group är en av mina största innehav, och detta var ett lättande resultat.  The Q3 profitability of KH Group’s largest subsidiaries held their own better than we expected, but NRG’s convincing turnaround took a break due to weak earnings development. Overall, forecast changes were minor in connection with the report. We still see clear hidden value in KH Group’s balance sheet as our sum of the parts calculation indicates a higher value than the current price level. We revise our target price to EUR 0.68 (was EUR 0.65) and reiterate our Accumulate recommendation.                   Inderes              KH Group Q3'24: Profitability held its own - Inderes    The Q3 profitability of KH Group’s largest subsidiaries held their own better than we expected, but NRG’s convincing turnaround took a break due to weak earnings development. Overall, forecast changes were minor in connection with the report.

KH Groups tredje kvartal var blandat: KH-Maskiner och Indoor Group presterade som förväntat, medan Nordic Rescue Group (NRG) överraskande var svag. KH-Maskiners omsättning ökade med 5 % trots marknadsutmaningar, där tillväxten främst stöddes av maskinuthyrning. Indoor Groups omsättning sjönk med 9 % på en svag möbelmarknad, men bolagets kostnadsbesparingar gav en bättre lönsamhet än väntat. NRG påverkades negativt av låga kundleveranser, även om kapaciteten är fullbokad för nästa år. KH Group rapporterade en positiv nettoresultat på 2,8 miljoner euro, stödd av försäljningen av HTJ, och koncernens nettokassa är stark, vilket möjliggör stöd till dotterbolag vid behov.                    Inderes              KH Group Plc’s Business Review January–September 2024: Moderate profitability...    KH Group Plc Stock Exchange Release 1 November 2024 at 8:00 am EET KH Group Plc’s Business Review January–September 2024: Moderate profitability in a demanding market This is the summary of ...                             KH Group Plc  Stock Exchange Release 1 November 2024 at 8:00 am EET KH Group Plc’s Business Review January–September 2024:  Moderate profitability in a demanding market This is the summary of the Business Review for January–September 2024. The full Business Review is attached to this release and is also available on the company’s website at www.khgroup.com. KH Group, July–September 2024 pro forma  Net sales amounted to EUR 85.7 (91.1) million. Operating profit was EUR 3.3 (4.1) million. The net sales of KH-Koneet were slightly better than in the comparison period and operating profit remained nearly unchanged from the comparison period. Indoor Group’s net sales and operating profit were below the level of the comparison period. NRG’s net sales and operating profit were below the level of the comparison period. KH Group divested its holdings in HTJ.  KH Group, January–September 2024 IFRS  Net sales amounted to EUR 253.2 (161.0) million. The figure for the comparison period includes net sales accumulated in May–September 2023 and HTJ is classified as a discontinued operation retroactively. Operating profit was EUR 0.8 (-17.5) million. Net profit for the period was EUR -3.3 (-12.1) million. Earnings per share (undiluted and diluted) were EUR -0.02 (-0.15). Equity per share at the end of the review period was EUR 1.30 (1.39). Return on equity for rolling 12 months was -7.1% (-14.5%). The Group’s cash and cash equivalents amounted to EUR 11.6 million at the end of the review period Gearing at the end of the review period was 195.6% (195.4%). Gearing excluding lease liabilities was 120.6% (115.1%).  CEO Ville Nikulainen: "Our consolidated pro forma net sales and operating profit declined year-on-year. KH-Koneet’s net sales increased moderately and operating profit was nearly at the same level as in the comparison period, which means that the market share increased in a declining market. For Indoor Group, the general market uncertainty, the increase to the general value-added tax rate in Finland and the deployment of a new ERP system in spring 2024 had a negative impact on net sales and operating profit. On 15 August 2024, KH Group announced the launch of an extensive operating model reform programme aimed at improving the group company Indoor Group’s profitability. The reform includes development initiatives to stabilise Indoor Group’s financial situation in the challenging furniture industry market environment. The company aims for an annual operating profit improvement of at least EUR 10 million by the end of 2026. Based on current information, a significant part of the targeted profitability improvement is estimated to be realised already during 2025. KH Group published a stock exchange release on 10 October 2024 concerning the reform of Indoor Group’s operating model and change negotiations. Nordic Rescue Group’s pro forma net sales and operating profit decreased year-on-year during the seasonally weaker quarter. The demand for rescue vehicles in Sweden has remained at a good level but, in Finland, the budgeting phase of the wellbeing services counties has slowed down the accrual of new orders during autumn 2024. In the fourth quarter, the business areas will focus on securing net sales and operating profit as well as improving the efficiency of working capital. KH Group’s change in strategy is progressing according to plan. On 9 August 2024, the company updated its earlier guidance on net sales and operating profit for 2024. The calculation of the guidance is based on Indoor Group’s lower than expected net sales and operating profit in both the first and second half of 2024. According to the updated guidance, the company estimates, with the current Group structure, to reach pro forma net sales of EUR 340–360 million and operating profit of EUR 4–7 million in 2024." Events after the review period During the current year, Indoor will continue to implement measures aimed at improving profitability. KH Group published a press release on 10 October 2024 concerning the reform of the operating model and change negotiations. Future outlook KH Group’s medium-term objective is to become an industrial group built around the KH-Koneet business and to divest other business areas in line with previous strategy. At the same time, active developments will continue regarding other business areas. Exit planning and the assessment of exit opportunities for the other business areas will also continue. On 9 August 2024, the company updated its earlier guidance on net sales and operating profit for 2024. According to the updated guidance, with the current Group structure, the company estimates pro forma net sales for 2024 to be EUR 340–360 million and operating profit to be EUR 4–7 million. KH GROUP PLC

Jag har försökt sammanfatta det som KH Group har meddelat. Det är möjligt att jag har missförstått något.  KH Group går vidare mot att bli en industrikoncern med fokus på KH-Koneet. Under året har betydande åtgärder vidtagits, såsom försäljningen av ägandet i Rakennuttajatoimisto HTJ och omstruktureringen av Indoor Groups verksamhetsmodell. Indoor Groups omstrukturering syftar till att förbättra det årliga rörelseresultatet med 10 miljoner euro fram till år 2026 och inkluderar ett närmare samarbete mellan varumärkena samt effektivisering av verksamheten. Utmaningen ligger dock i den svaga utvecklingen på möbelmarknaden. KH-Koneet fortsätter att expandera enligt sin strategi, bland annat i Sverige och Finland. Företaget satsar på att förbättra kundservicen genom att öppna nya serviceställen och utöka maskinuthyrningsverksamheten. Lönsamheten har upprätthållits trots den utmanande marknadssituationen. Nordic Rescue Group har haft ett framgångsrikt år, och produktionskapaciteten såldes ut redan i början av året. Företaget strävar också efter att öppna nya exportmarknader, såsom i Sydamerika och Mellanöstern. Försäljningen av HTJ är ett steg mot att bygga en industrikoncern runt KH-Koneet, och företaget har utvecklats avsevärt under ägandet. Sammantaget har strategiförändringen fortskridit stabilt och skapat goda förutsättningar för att lyckas även i utmanande marknadsförhållanden.

Indoor Group inleder omfattande förändringsförhandlingar som en del av en omstrukturering för att förbättra lönsamheten, vilket kan leda till upp till 200 arbetsplatsers bortfall. Effektiviseringsprogrammet är nödvändigt i den utmanande möbelmarknaden, och besparingsmålet är 10 miljoner euro. KH Group förväntar sig en betydande resultatförbättring senast år 2025. Inte särskilt överraskande, eller hur?

Bra nyheter för dem som investerat i KH Group?  KH Group inkluderar Indoor Group, som omfattar möbelhandelsverksamheten. Övrig detaljhandel, inklusive möbelbutiker, har nyligen återhämtat sig. Hushållen har börjat göra andra inköp än de nödvändiga, och i augusti var försäljningen nästan på nivå med förra året. Detta kan vara potentiellt goda nyheter för Indoor. Om bostadsmarknaden ytterligare ökar kan den växande efterfrågan på möbler också synas i Indoors resultat. De senaste Euribor-nivåerna kan också snabba på bostadsmarknaden och därmed möbelhandeln. Det är dock viktigt att komma ihåg att den ekonomiska situationen fortfarande är osäker. Andra faktorer, såsom räntehöjningar och inflation, kan påverka konsumenternas köpkraft och bromsa konsumtionen. Investerare bör noggrant följa detaljhandelns utveckling och särskilt efterfrågan på möbelhandeln. Utvecklingen på bostadsmarknaden är också viktig att följa, eftersom den har en direkt inverkan på möbelhandeln.

Här är en färsk analys av bolaget. Situationen är inte så dålig som jag hade förväntat mig. Jag hoppas att mina tidigare förväntningar åtminstone delvis infrias. Det är svårt att sälja med den information jag har nu, men jag vill inte heller köpa mer. After a severe profit warning, KH Group’s Q2 report was a relief, as it confirmed that the deteriorating performance was solely due to the extremely poor performance of the Group’s source of grief, Indoor Group. We believe that the Group’s other assets offer value compared to the current price level but recognize the risk of value destruction through weak capital allocation to Indoor. We revise our target price to EUR 0.65 (was EUR 0.60) and raise our recommendation to Accumulate (was Reduce).                   Inderes              KH Group Q2'24: Challenges during the review period limited to Indoor - Inderes    After a severe profit warning, KH Group’s Q2 report was a relief, as it confirmed that the deteriorating performance was solely due to the extremely poor performance of the Group’s source of grief, Indoor Group.

KH Group

KH Group Plc Inside information, 9 August 2024 at 9.50 am EEST Inside information, profit warning: KH Group Plc lowers its guidance for 2024 KH Group Plc lowers its guidance for 2024. In connection...

KH Group Plc Inside information, 9 August 2024 at 9.50 am EEST Inside information, profit warning: KH Group Plc lowers its guidance for 2024 KH Group Plc lowers its guidance for 2024. In connection with the stock exchange release on 7 June 2024 regarding the sale of HTJ, the company updated its pro forma guidance for 2024 as follows: net sales of EUR 370–390 million and operating profit of EUR 9–13 million including the capital gain from Indoor’s real estate sale in Estonia. The previous guidance given on 30 April 2024 was updated only by excluding the discontinued HTJ figures from the earlier net sales and operating profit estimates. At the same time the company communicated that in the future all HTJ financials will be reported as discontinued operations. According to the updated guidance, the company estimates, with the current Group structure, to reach pro forma net sales of EUR 340–360 million and operating profit of EUR 4–7 million in 2024. The lowering of the guidance is based on lower-than-expected net sales and operating profit in Indoor Group both in the first and second half of year 2024. General market uncertainty, labour union strikes in Finland and the implementation of Indoor Group’s new ERP system have negative impacts on KH Group’s net sales and operating profit. The furniture market environment is not expected to improve during the second half of 2024. For the Q2 2024, KH Group is expected to fall short of the pro forma figures of the comparison period. In the comparison period Q2 2023, excluding the discontinued HTJ figures, pro forma net sales was EUR 93.2 million and operating profit was EUR 0.3 million. The company will publish its January–June 2024 Half-Year Report on Friday, 16 August 2024. KH GROUP PLC FURTHER INFORMATION: CEO Ville Nikulainen, tel. +358 40&nbsp;045 9343 DISTRIBUTION: Nasdaq Helsinki Ltd Major media <a href="https://www.globenewswire.com/Tracker?data=yZuLuue7kty5vkvOlY4SktvWZ-L-bBMMJUB8wn4sSp9O-YhJ58GNHcrElgI6oT4WCDf0n4uhpWrlq6wgaT2rKg==">www.khgroup.com</a> KH Group Plc is a Nordic conglomerate operating in business areas of KH-Koneet, Indoor Group and Nordic Rescue Group. We are a leading supplier of construction and earth-moving equipment, furniture and interior decoration retailer as well as rescue vehicle manufacturer. The objective of our strategy is to create an industrial group around the business of KH-Koneet. KH Group’s share is listed on Nasdaq Helsinki. <img src="https://www.globenewswire.com/newsroom/ti?nf=MTAwMDk4NTcxOCM0MDE5MTcwNjEjMjA4Mzk5NA=="> <img src="https://ml-eu.globenewswire.com/media/MWJjYzVmM2EtN2Y5ZS00NWIzLWIwZDEtMjk1MDE4MGIyNzA5LTEwOTU1NjU=/tiny/KH-Group-Oyj.png">

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