Upcoming Dividend • Apr 20
Upcoming dividend of €0.09 per share Eligible shareholders must have bought the stock before 27 April 2026. Payment date: 06 May 2026. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Finnish dividend payers (5.2%). Lower than average of industry peers (3.5%). New Risk • Mar 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 130% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€25.3m market cap, or US$29.2m). Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: €0.20 (vs €0.07 in FY 2024) Full year 2025 results: EPS: €0.20 (up from €0.07 in FY 2024). Revenue: €31.6m (up 16% from FY 2024). Net income: €1.22m (up 191% from FY 2024). Profit margin: 3.9% (up from 1.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Declared Dividend • Mar 02
Dividend increased to €0.09 Dividend of €0.09 is 29% higher than last year. Ex-date: 27th April 2026 Payment date: 6th May 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not covered by cash flows (400% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 2.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 28
Reka Industrial Oyj announces Annual dividend, payable on May 06, 2026 Reka Industrial Oyj announced Annual dividend of EUR 0.0900 per share payable on May 06, 2026, ex-date on April 27, 2026 and record date on April 28, 2026. New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€28.1m market cap, or US$33.1m). Announcement • Oct 27
Reka Industrial Oyj, Annual General Meeting, Apr 24, 2026 Reka Industrial Oyj, Annual General Meeting, Apr 24, 2026. Reported Earnings • Aug 12
First half 2025 earnings released: EPS: €0.16 (vs €0.039 loss in 1H 2024) First half 2025 results: EPS: €0.16 (up from €0.039 loss in 1H 2024). Revenue: €16.3m (up 11% from 1H 2024). Net income: €942.0k (up €1.18m from 1H 2024). Profit margin: 5.8% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Declared Dividend • Apr 10
Dividend reduced to €0.07 Dividend of €0.07 is 97% lower than last year. Ex-date: 25th April 2025 Payment date: 6th May 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.3%. New Risk • Apr 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 165% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€25.7m market cap, or US$28.2m). New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€36.6m market cap, or US$38.3m). Board Change • Jan 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Deputy Chairperson Riitta Mynttinen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 30
Reka Industrial Oyj Announces Board Changes Reka Industrial Oyj at its EGM held on 30 January 2025 appointed following persons to the Board: Riitta Mynttinen, deputy chairperson and Matti Copeland and Riku Kytömäki as members of the Board. New Risk • Jan 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (€33.4m market cap, or US$34.8m). New Risk • Nov 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (€28.5m market cap, or US$29.6m). Reported Earnings • Aug 12
First half 2024 earnings released: €0.039 loss per share (vs €0.002 profit in 1H 2023) First half 2024 results: €0.039 loss per share (down from €0.002 profit in 1H 2023). Revenue: €14.7m (down 14% from 1H 2023). Net loss: €233.0k (down €245.0k from profit in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Apr 24
Reka Industrial plc Approves Dividend for the Financial Year 2023, Payable on 3 May 2024 Reka Industrial Plc at its AGM held on April 23, 2024 approved dividend of EUR 2.00 per share for the financial year 2023. The AGM resolved to pay the dividend on 3 May 2024 to shareholders who on the record date of the dividend payment, 25 April 2024, are registered in the Company's shareholder register maintained by Euroclear Finland Ltd. The AGM resolved, in accordance with the Board's proposal, that the Board of Directors is authorised to decide on an additional dividend of up to EUR 1.20 per share (up to a total of EUR 7.2 million) and on the date of record and payment date for the additional dividend. The authorisation is valid until the beginning of the next Annual General Meeting. Upcoming Dividend • Apr 17
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 24 April 2024. Payment date: 05 May 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 22%. Within top quartile of Finnish dividend payers (5.7%). Higher than average of industry peers (2.0%). Reported Earnings • Mar 11
Full year 2023 earnings released: €0.046 loss per share (vs €0.92 profit in FY 2022) Full year 2023 results: €0.046 loss per share (down from €0.92 profit in FY 2022). Revenue: €30.6m (flat on FY 2022). Net loss: €274.0k (down 105% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 01
Director recently sold €380k worth of stock On the 27th of February, Ville Tolvanen sold around 53k shares on-market at roughly €7.10 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Oct 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€37.1m market cap, or US$39.3m). Board Change • Jun 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Director Markku Rentto is the most experienced director on the board, commencing their role in 2012. Independent Chairperson of the Board Leena Saarinen was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • May 13
Reka Industrial Oyj Announces Appointment of Sari Tulander as President and CEO Reka Industrial Oyj announces appointment of Sari Tulander as President and CEO as of 11 May 2023. Tulander has served as the company's CFO since May 2007 and will continue as CFO of the Group. Buying Opportunity • Apr 28
Now 21% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be €8.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 33% per annum. Earnings is forecast to decline by 13% per annum over the same time period. Buying Opportunity • Apr 12
Now 20% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be €8.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 33% per annum. Earnings is forecast to decline by 13% per annum over the same time period. Buying Opportunity • Mar 27
Now 20% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be €8.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 33% per annum. Earnings is forecast to decline by 13% per annum over the same time period. Reported Earnings • Mar 21
Full year 2022 earnings released Full year 2022 results: Revenue: €202.9m (up 28% from FY 2021). Net income: €8.98m (up €7.99m from FY 2021). Profit margin: 4.4% (up from 0.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Europe. Buying Opportunity • Feb 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be €7.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings is also forecast to grow by 9.3% per annum over the same time period. Buying Opportunity • Jan 19
Now 21% undervalued Over the last 90 days, the stock is up 50%. The fair value is estimated to be €7.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings is also forecast to grow by 9.3% per annum over the same time period. Price Target Changed • Nov 16
Price target increased to €3.60 Up from €3.20, the current price target is provided by 1 analyst. New target price is 39% below last closing price of €5.90. Stock is up 51% over the past year. The company is forecast to post earnings per share of €0.75 for next year compared to €0.17 last year. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 55% share price gain to €5.76, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the Electrical industry in Europe. Total returns to shareholders of 213% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 16% share price gain to €3.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 17x in the Electrical industry in Europe. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 18% share price gain to €3.95, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the Electrical industry in Europe. Total returns to shareholders of 94% over the past three years. Price Target Changed • Apr 27
Price target increased to €3.50 Up from €3.20, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €3.51. Stock is down 16% over the past year. The company is forecast to post earnings per share of €0.54 for next year compared to €0.17 last year. Major Estimate Revision • Apr 27
Consensus EPS estimates increase by 108% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €174.8m to €186.0m. EPS estimate increased from €0.26 to €0.54 per share. Net income forecast to grow 225% next year vs 14% growth forecast for Electrical industry in Finland. Consensus price target up from €3.20 to €3.50. Share price fell 6.4% to €3.51 over the past week. Price Target Changed • Apr 23
Price target increased to €3.50 Up from €3.20, the current price target is provided by 1 analyst. New target price is 6.7% below last closing price of €3.75. Stock is down 11% over the past year. The company is forecast to post earnings per share of €0.54 for next year compared to €0.17 last year. Major Estimate Revision • Apr 23
Consensus EPS estimates increase by 108% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €174.8m to €186.0m. EPS estimate increased from €0.26 to €0.54 per share. Net income forecast to grow 225% next year vs 15% growth forecast for Electrical industry in Finland. Consensus price target up from €3.20 to €3.50. Share price rose 7.1% to €3.75 over the past week. Upcoming Dividend • Mar 31
Upcoming dividend of €0.09 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 20 April 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Finnish dividend payers (4.5%). Higher than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 17% share price gain to €3.74, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Electrical industry in Europe. Total returns to shareholders of 85% over the past three years. Announcement • Mar 10
Reka Industrial Oyj Proposes Dividend for the Year Ended December 31, 2021, Payable on April 13, 2022 The Board of Directors of Reka Industrial Oyj proposed to the annual general meeting to be held on 6 April 2022 that EUR 0.09 dividend be paid for the financial period from January 1, 2021- December 31, 2021. The dividend will be paid to shareholders who are registered in the shareholders' register of company kept by Euroclear Finland Ltd. on the record date for the dividend payment, April 8, 2022. The board of directors proposed that the dividend payment date be April 13, 2022. No dividend will be paid on the shares held by the company. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €158.1m (up 31% from FY 2020). Net income: €986.0k (up 3.0% from FY 2020). Profit margin: 0.6% (down from 0.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in Finland. Announcement • Apr 24
Reka Industrial Oyj Provides Outlook for the Fiscal Year 2021 Reka Industrial Oyj provided outlook for the fiscal year 2021. For the year 2021, the company's near-term outlook remains the same: In 2021 EBITDA (EUR million) is expected to remain at the same level or improve, provided that predominant conditions due COVID-19 pandemic will not substantially affect to the company's capability to deliver. Upcoming Dividend • Apr 02
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 09 April 2021. Payment date: 10 May 2021. Trailing yield: 1.5%. Lower than top quartile of Finnish dividend payers (3.8%). Lower than average of industry peers (1.9%). Is New 90 Day High Low • Feb 25
New 90-day high: €3.84 The company is up 42% from its price of €2.71 on 27 November 2020. The Finnish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: €2.65 The company is up 18% from its price of €2.24 on 28 August 2020. The Finnish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 13% over the same period. Price Target Changed • Oct 24
Price target raised to €2.50 Up from €2.20, the current price target is provided by 1 analyst. The new target price is close to the current share price of €2.50. As of last close, the stock is up 27% over the past year. Is New 90 Day High Low • Oct 22
New 90-day high: €2.64 The company is up 21% from its price of €2.19 on 24 July 2020. The Finnish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 9.0% over the same period. 
