Major Estimate Revision • May 22
Consensus EPS estimates fall by 63%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from €396.5m to €410.4m. EPS estimate fell from €0.725 to €0.27 per share. Net income forecast to grow 71% next year vs 51% growth forecast for Forestry industry in Finland. Consensus price target down from €9.00 to €8.50. Share price was steady at €8.88 over the past week. Reported Earnings • May 17
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: €0.04 (down from €0.18 in 1Q 2025). Revenue: €105.5m (up 22% from 1Q 2025). Net income: €896.0k (down 79% from 1Q 2025). Profit margin: 0.8% (down from 4.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 64%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Apr 24
Koskisen Oyj Announce Dividend for the Financial Year of 2025, Payable on 5 May 2026 Koskisen Corporation at its Annual General Meeting held on April 23, 2026, announced that a dividend of EUR 0.14 per share shall be paid based on the adopted balance sheet regarding the financial year 2025 and that the profit shall be recorded in retained earnings. The record date for the payment of the dividend is 27 April 2026 and the dividend shall be paid on 5 May 2026. Upcoming Dividend • Apr 17
Upcoming dividend of €0.14 per share Eligible shareholders must have bought the stock before 24 April 2026. Payment date: 05 May 2026. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Finnish dividend payers (5.3%). Lower than average of industry peers (3.8%). Reported Earnings • Feb 16
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €0.37 (up from €0.36 in FY 2024). Revenue: €357.9m (up 27% from FY 2024). Net income: €8.62m (up 4.0% from FY 2024). Profit margin: 2.4% (down from 2.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Jan 02
Koskisen Oyj(HLSE:KOSKI) dropped from OMX Nordic Small Cap Index Koskisen Oyj removed from OMX Nordic Small Cap Index. Announcement • Nov 19
Koskisen Oyj to Report Nine Months, 2026 Results on Nov 12, 2026 Koskisen Oyj announced that they will report nine months, 2026 results on Nov 12, 2026 Reported Earnings • Nov 17
Third quarter 2025 earnings released: €0.07 loss per share (vs €0.019 loss in 3Q 2024) Third quarter 2025 results: €0.07 loss per share (further deteriorated from €0.019 loss in 3Q 2024). Revenue: €84.5m (up 25% from 3Q 2024). Net loss: €1.60m (loss widened 259% from 3Q 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Forestry industry in Europe. Major Estimate Revision • Nov 15
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €366.8m to €363.0m. EPS estimate also fell from €0.513 per share to €0.40 per share. Net income forecast to grow 50% next year vs 29% growth forecast for Forestry industry in Finland. Consensus price target of €9.00 unchanged from last update. Share price fell 2.2% to €9.08 over the past week. Announcement • Oct 02
Koskisen Oyj, Annual General Meeting, Apr 23, 2026 Koskisen Oyj, Annual General Meeting, Apr 23, 2026. Reported Earnings • Aug 19
Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2025 results: EPS: €0.21. Revenue: €90.8m (up 17% from 2Q 2024). Net income: €5.01m (up 1.7% from 2Q 2024). Profit margin: 5.5% (down from 6.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Forestry industry in Europe. Announcement • Aug 18
Koskisen Oyj Provides Unchanged Earnings Guidance for the Fiscal Year 2025 Koskisen Oyj provided unchanged earnings guidance for the fiscal year 2025. For the period, the Group’s revenue for 2025 is expected to grow from the level of 2024. Board Change • Jun 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Vice Chairman Hanna Sievinen was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 15
Koskisen Oyj Approves Dividend for Financial Year 2024, Payable on 26 May 2025 Koskisen Oyj at its AGM held on May 15, 2025 approved dividend of EUR 0.12 per share shall be paid based on the adopted balance sheet regarding the financial year 2024 and that the profit shall be recorded in retained earnings. The record date for the payment of the dividend is 19 May 2025 and the dividend shall be paid on 26 May 2025. Price Target Changed • May 12
Price target increased by 18% to €8.25 Up from €7.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €8.02. Stock is up 4.4% over the past year. The company is forecast to post earnings per share of €0.52 for next year compared to €0.36 last year. Announcement • May 12
Koskisen Launches a New Thin Perterwood Product, Zero ThinPly Koskisen announced launching a new thin plywood product, Zero ThinPly, made entirely from bio-based materials, containing no added formaldehyde, phenolic compounds, or urea. This fossil-free thin plywood responds to customers' increasing demands for a broader range of fully bio-based material options. The bio-bonded thin plywood is intended for indoor use, for example in laser-cut design products such as lamps, jewelry, and various interior decoration items, where Koskisen's traditional thin plywood is already widely used. It is particularly well-suited for indoor air-critical applications, where strict formaldehyde emission limits apply. The new bio-based adhesive is non-toxic and shows virtually no difference in strength compared to traditional adhesives. Strength values achieved in dry conditions for the bio-bonded Zero ThinPly match those of conventionally bonded products. The adhesive used in Zero ThinPly has been developed in collaboration with Plantics, a company specializing in bio-based plastics and binders. Previously, the Zero product family introduced the Zero Furniture Board, the world's first particleboard made entirely from bio-based material. The wood raw material for the Zero Furniture Board comes from Koskisen's own production side streams, and lignin, a wood-derived binder, is used as its adhesive. The main source of emissions in plywood and chipboard products is the production of fossil-based adhesives. Koskisen's sustainability program commits to reducing emissions from its own operations and value chain. The increased use of bio-based binders in panel products advances the achievement of the goal. Declared Dividend • May 12
Dividend reduced to €0.12 Dividend of €0.12 is 63% lower than last year. Ex-date: 16th May 2025 Payment date: 26th May 2025 Dividend yield will be 1.6%, which is lower than the industry average of 3.7%. Major Estimate Revision • May 04
Consensus EPS estimates increase by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €308.0m to €320.5m. EPS estimate increased from €0.43 to €0.55 per share. Net income forecast to grow 54% next year vs 8.7% growth forecast for Forestry industry in Finland. Consensus price target of €7.25 unchanged from last update. Share price was steady at €7.14 over the past week. Buy Or Sell Opportunity • Apr 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to €7.02. The fair value is estimated to be €8.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has declined by 71%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Apr 13
Koskisen Corporation Announces Eva Wathén and Kari Koskinen Not Available for Election as Members of Board of Directors Koskisen Corporation at its Annual General Meeting to be held on 15 May 2025, announced that of the current members of the Board of Directors, Eva Wathén and Kari Koskinen have informed that they are not available for election of members of the Board of Directors. Announcement • Apr 10
Koskisen Corporation Proposes Dividend for the Financial Year 2024, Payable on 26 May 2025 Koskisen Corporation at its Annual General Meeting to be held on 15 May 2025, proposed dividend of EUR 0.12 per share shall be paid based on the adopted balance sheet regarding the financial year of 2024 and that the profit shall be recorded in retained earnings. The record date for the payment of the dividend is 19 May 2025 and the dividend shall be paid on 26 May 2025. Buy Or Sell Opportunity • Apr 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to €6.74. The fair value is estimated to be €8.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has declined by 71%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Mar 12
Koskisen Oyj (HLSE:KOSKI) agreed to acquire Business operations of Iisveden Metsä Oy from Iisveden Metsa Oy for €26.5 million. Koskisen Oyj (HLSE:KOSKI) agreed to acquire Business operations of Iisveden Metsä Oy from Iisveden Metsa Oy for €26.5 million on March 10, 2025. The debt-free purchase price of the transaction is €22.5 million and its cash part will be adjusted at the time of the completion of the transaction by a net working capital adjustment, which is not expected to be significant. In addition, Koskisen will pay the seller a maximum earnout of €4 million if the conditions specified for the payment of the earnout, mainly related to sales price of sawn timber, are met during 2025–2027. Any earnout price will be paid during the first half of 2028. The purchase price will be paid partly in new Koskisen shares and partly in cash upon the completion of the transaction. In the share issue directed for the seller, Iisveden Metsä Oy, 1,000,000 new Koskisen shares, corresponding to approximately 4.3 percent of all the shares of Koskisen, will be transferred to the seller as consideration shares as part of the purchase price. The subscription price of the consideration share in the transaction is €7.3 per share. The subscription price has been determined based on the negotiations between Koskisen and Iisveden Metsä and takes into account the volume-weighted average price of Koskisen’s share before signing of the transaction. The volume-weighted average price of Koskisen’s share on public trading on Nasdaq Helsinki Ltd was €7.13 three months before signing of the transaction, €7.03 six months before signing of the transaction, €7.10 nine months before signing of the transaction and €7.07 twelve months before signing of the transaction. If the consideration shares are not entitled to dividend in 2025, the amount of dividend per share possibly resolved by the General Meeting will be deducted from the subscription price of the consideration share and will be added to the cash part of the purchase price. The cash part of the purchase price to be paid at completion of the transaction, estimated at approximately €15.2 million is financed using Koskisen’s existing cash and cash equivalents. Any earnout will be paid in cash. Iisveden Metsä is committed to a transfer restriction for 15 months from the completion of the transaction, during which the consideration shares may not be transferred. The transaction will be carried out as a business acquisition, including, with certain limited exceptions, the entire business of Iisveden Metsä, including the factory property located in Suonenjoki with machinery and equipment, as well as inventories. The personnel of Iisveden Metsä, approximately 50 people, will be transferred to Koskisen as “old employees”. The transferred business does not include the target company’s receivables, cash and cash equivalents or other financial assets or liabilities. If completed, the transaction will increase Koskisen’s revenue and EBITDA. The transaction is expected to create synergies in raw material sourcing, especially for birch logs, thus supporting the organic growth and profitability of the Panel Industry. The transaction will also have positive effects on the production efficiency and the optimisation of market-specific concepts of Sawn Timber Industry. The completion of the transaction is currently not expected to have an impact on Koskisen’s profit guidance for 2025. For the period ending December 31, 2024, Business operations of Iisveden Metsä Oy reported total revenue of €52.7 million and EBITDA of €1.4 million. The completion of the transaction requires the approval of Finnish and Estonian competition authorities, approval by a qualified majority at the Annual General Meeting of Iisveden Metsä and the fulfilment of certain other ordinary closing conditions. Koskisen expects the transaction to be completed during the first half of 2025. Major Estimate Revision • Feb 24
Consensus EPS estimates fall by 38% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €322.6m to €307.9m. EPS estimate also fell from €0.695 per share to €0.43 per share. Net income forecast to grow 20% next year vs 12% growth forecast for Forestry industry in Finland. Consensus price target of €7.25 unchanged from last update. Share price was steady at €7.06 over the past week. Reported Earnings • Feb 18
Full year 2024 earnings released: EPS: €0.36 (vs €0.88 in FY 2023) Full year 2024 results: EPS: €0.36 (down from €0.88 in FY 2023). Revenue: €284.3m (up 4.7% from FY 2023). Net income: €8.29m (down 59% from FY 2023). Profit margin: 2.9% (down from 7.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Forestry industry in Europe. Buy Or Sell Opportunity • Feb 13
Now 20% undervalued Over the last 90 days, the stock has risen 3.1% to €7.30. The fair value is estimated to be €9.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 70%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: €0.02 loss per share (improved from €0.042 loss in 3Q 2023). Revenue: €68.2m (up 23% from 3Q 2023). Net loss: €446.0k (loss narrowed 54% from 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Announcement • Oct 15
Koskisen Oyj to Report Nine Months, 2024 Results on Oct 15, 2024 Koskisen Oyj announced that they will report nine months, 2024 results on Oct 15, 2024 Announcement • Sep 25
Koskisen Oyj, Annual General Meeting, May 15, 2025 Koskisen Oyj, Annual General Meeting, May 15, 2025. Price Target Changed • Aug 20
Price target increased by 7.1% to €7.50 Up from €7.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €7.48. Stock is up 23% over the past year. The company is forecast to post earnings per share of €0.64 for next year compared to €0.88 last year. Reported Earnings • Aug 18
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: €0.21 (down from €0.43 in 2Q 2023). Revenue: €78.4m (up 6.0% from 2Q 2023). Net income: €4.93m (down 50% from 2Q 2023). Profit margin: 6.3% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Announcement • Jun 26
Koskisen Corporation Appoints Olli Nikitin as General Counsel, Effective 12 August 2024 Olli Nikitin (LL.M.) has been appointed General Counsel of Koskisen Corporation. Nikitin will start in his position from 12 August 2024 at the latest. He reported to CEO Jukka Pahta and is a member of the Group Management Team. Nikitin joins Koskisen from a law firm Merilampi, where he has worked as a partner. CV - Olli Nikitin, b. 1981, Master of Laws (LL.M.), Member of the Executive Board from 12 August 2024, Merilampi Attorneys Ltd., Partner 2021-, Specialist Counsel 2018-2021, Senior Associate 2012-2017, Associate 2010-2012, Glaston Corporation, Secondment 2010-2011, Veikko Palotie & Co Ltd., associate 2008-2010. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: €0.10 (vs €0.38 in 1Q 2023) First quarter 2024 results: EPS: €0.10 (down from €0.38 in 1Q 2023). Revenue: €64.2m (down 13% from 1Q 2023). Net income: €2.26m (down 74% from 1Q 2023). Profit margin: 3.5% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Major Estimate Revision • May 16
Consensus EPS estimates increase by 11%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €310.0m to €301.1m. EPS estimate rose from €0.562 to €0.625. Net income forecast to shrink 29% next year vs 4.3% decline forecast for Forestry industry in Finland. Consensus price target up from €6.75 to €7.00. Share price was steady at €7.60 over the past week. Upcoming Dividend • May 10
Upcoming dividend of €0.32 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Finnish dividend payers (5.8%). Higher than average of industry peers (3.2%). Reported Earnings • Apr 23
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: €0.88 (down from €2.48 in FY 2022). Revenue: €271.5m (down 15% from FY 2022). Net income: €20.2m (down 49% from FY 2022). Profit margin: 7.5% (down from 13% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.6%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Forestry industry in Europe. Announcement • Apr 14
Koskisen Corporation Proposes Dividend for the Financial Year of 2023, Payable on 27 May 2024 Koskisen Corporation at its Annual General Meeting to be held on 16 May 2024, proposed dividend of EUR 0.32 per share shall be paid based on the adopted balance sheet regarding the financial year of 2023 and that the profit shall be recorded in retained earnings. The record date for the payment of the dividend is 20 May 2024 and the dividend shall be paid on 27 May 2024. Reported Earnings • Feb 20
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: €0.88 (down from €2.48 in FY 2022). Revenue: €275.3m (down 13% from FY 2022). Net income: €20.2m (down 49% from FY 2022). Profit margin: 7.3% (down from 13% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.6%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Forestry industry in Europe. Declared Dividend • Feb 19
Dividend of €0.32 announced Shareholders will receive a dividend of €0.32. Ex-date: 17th May 2024 Payment date: 27th May 2024 Dividend yield will be 5.2%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 53% to increase the payout ratio to a potentially unsustainable range. Buy Or Sell Opportunity • Feb 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.8% to €6.03. The fair value is estimated to be €7.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are forecast to decline by 4.1% per annum over the same time period. Buying Opportunity • Jan 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.1%. The fair value is estimated to be €7.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is forecast to decline by 3.5% per annum over the same time period. Reported Earnings • Nov 19
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: €0.04 loss per share. Revenue: €55.7m (down 17% from 3Q 2022). Net loss: €959.0k (flat on 3Q 2022). Revenue missed analyst estimates by 17%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Forestry industry in Europe. Announcement • Nov 18
Koskisen Oyj Reaffirms Revenue Guidance for the Year 2023 Koskisen Oyj reaffirmed revenue guidance for the year 2023. Koskisen’s revenue for 2023 is not expected to exceed the level of 2022. Announcement • Aug 25
Koskisen Oyj Reaffirms Earnings Guidance for the Year 2023 Koskisen Oyj reaffirmed earnings guidance for the year 2023. The company’s profit guidance for 2023 unchanged (published on 16 March 2023). The company’s revenue for 2023 is not expected to exceed the level of 2022. Announcement • May 25
Koskisen Oyj Provides Revenue Guidance for the Fiscal Year 2023 Koskisen Oyj provided revenue guidance for the fiscal year 2023. for the year, the company's revenue is not expected to exceed the level of 2022. Announcement • May 19
Koskisen Oyj to Report Q1, 2023 Results on May 17, 2023 Koskisen Oyj announced that they will report Q1, 2023 results at 8:30 AM, E. Europe Standard Time on May 17, 2023 Board Change • May 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Director Kari Koskinen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.