Price Target Changed • 12h
Price target increased by 13% to €4.40 Up from €3.90, the current price target is provided by 1 analyst. New target price is 11% above last closing price of €3.95. Stock is up 30% over the past year. The company is forecast to post earnings per share of €0.65 for next year compared to €0.31 last year. Announcement • Jun 16
Wulff Group plc Appoints Sami Asikainen as CEO, Effective June 16, 2026 Wulff Group Plc appointed Sami Asikainen, 54, as its CEO from 16 June 2026 onwards. Asikainen will lead the Group while also continuing as CEO of Wulff's newest and fast-growing business area, Personnel services, started in 2024. He has served as a member of the Wulff Group Executive Board since October 2025. Reported Earnings • Apr 28
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: €0.35 (up from €0.006 loss in 1Q 2025). Revenue: €33.4m (up 23% from 1Q 2025). Net income: €2.39m (up €2.43m from 1Q 2025). Profit margin: 7.2% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 67%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Major Estimate Revision • Apr 24
Consensus EPS estimates increase by 31%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €129.0m to €127.3m. EPS estimate rose from €0.35 to €0.46. Net income forecast to grow 50% next year vs 17% growth forecast for Retail Distributors industry in Finland. Consensus price target down from €4.40 to €3.70. Share price was steady at €3.26 over the past week. Price Target Changed • Apr 23
Price target decreased by 18% to €3.70 Down from €4.50, the current price target is provided by 1 analyst. New target price is 14% above last closing price of €3.25. Stock is up 12% over the past year. The company is forecast to post earnings per share of €0.46 for next year compared to €0.31 last year. Declared Dividend • Apr 21
Dividend of €0.08 announced Shareholders will receive a dividend of €0.08. Ex-date: 9th October 2026 Payment date: 19th October 2026 Dividend yield will be 5.1%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Apr 04
Upcoming dividend of €0.09 per share Eligible shareholders must have bought the stock before 10 April 2026. Payment date: 20 April 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Finnish dividend payers (5.3%). Higher than average of industry peers (3.4%). Major Estimate Revision • Feb 23
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from €124.9m to €129.0m. EPS estimate fell from €0.40 to €0.35 per share. Net income forecast to grow 13% next year vs 16% growth forecast for Retail Distributors industry in Finland. Consensus price target down from €4.50 to €4.40. Share price fell 3.2% to €3.91 over the past week. Reported Earnings • Feb 17
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: €0.31 (up from €0.26 in FY 2024). Revenue: €123.6m (up 20% from FY 2024). Net income: €2.13m (up 20% from FY 2024). Profit margin: 1.7% (in line with FY 2024). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Price Target Changed • Oct 21
Price target increased by 17% to €3.50 Up from €3.00, the current price target is provided by 1 analyst. New target price is 10% above last closing price of €3.17. Stock is up 6.0% over the past year. The company is forecast to post earnings per share of €0.43 for next year compared to €0.26 last year. Reported Earnings • Oct 21
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: €0.26 (up from €0.038 in 3Q 2024). Revenue: €32.1m (up 23% from 3Q 2024). Net income: €1.79m (up €1.53m from 3Q 2024). Profit margin: 5.6% (up from 1.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Oct 08
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 5.3% 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: Minor Risks High level of debt (70% net debt to equity). Dividend is not well covered by earnings (113% payout ratio). Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (€19.8m market cap, or US$23.0m). Upcoming Dividend • Sep 26
Upcoming dividend of €0.08 per share Eligible shareholders must have bought the stock before 03 October 2025. Payment date: 13 October 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.4%. Lower than top quartile of Finnish dividend payers (6.0%). Higher than average of industry peers (3.2%). Announcement • Sep 23
Wulff-Yhtiöt Oyj, Annual General Meeting, Apr 09, 2026 Wulff-Yhtiöt Oyj, Annual General Meeting, Apr 09, 2026. Reported Earnings • Jul 18
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: €0.07 (down from €0.15 in 2Q 2024). Revenue: €31.1m (up 22% from 2Q 2024). Net income: €450.0k (down 56% from 2Q 2024). Profit margin: 1.4% (down from 4.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. New Risk • Jul 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.0% per year for the foreseeable future. Minor Risks High level of debt (68% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€19.0m market cap, or US$22.0m). Major Estimate Revision • Jul 17
Consensus EPS estimates increase by 104% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €0.24 to €0.49. Revenue forecast unchanged at €111.0m. Net income forecast to grow 99% next year vs 25% growth forecast for Retail Distributors industry in Finland. Consensus price target of €3.00 unchanged from last update. Share price rose 8.2% to €3.04 over the past week. Board Change • Jul 01
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. 4 experienced directors. No highly experienced directors. Independent Director Lauri Sipponen was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 06
Wulff-Yhtiöt Oyj Proposes a Dividend for the Financial Year 2024, Payable on April 14, 2025 and October 13, 2025 The Board of Directors of Wulff-Yhtiöt Oyj proposed to the Annual General Meeting that a dividend of EUR 0.16 per share be paid for the financial year 2024. The dividend will be paid in two instalments. The first instalment of EUR 0.08 per share will be paid to a shareholder who is entered in the company's shareholder register maintained by Euroclear Finland Oy on the record date of the dividend payment, April 7, 2025. The Board of Directors proposes a dividend payment date of April 14, 2025. The second instalment of the dividend of EUR 0.08 per share will be paid to a shareholder who is entered in the company's shareholder register maintained by Euroclear Finland Oy on the record date of the second instalment of the dividend, October 6, 2025. The Board of Directors proposes to the Annual General Meeting that the second dividend be paid on October 13, 2025. Reported Earnings • Feb 17
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.26 (down from €0.31 in FY 2023). Revenue: €103.0m (up 9.9% from FY 2023). Net income: €1.78m (down 15% from FY 2023). Profit margin: 1.7% (down from 2.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. New Risk • Feb 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€21.3m market cap, or US$22.3m). Announcement • Feb 14
Wulff-Yhtiöt Oyj (HLSE:WUF1V) acquired 70% stake in Convido Ab Oy for €1.4 million. Wulff-Yhtiöt Oyj (HLSE:WUF1V) acquired 70% stake in Convido Ab Oy for €1.4 million on February 13, 2025. The fixed purchase price of €0.9 million was paid in cash at the time of the transaction. In addition, the arrangement includes a contingent consideration based on a significant increase in Convido Ab Oy's operating profit and will be a maximum of approximately €0.5 million. For the period ending December 31, 2024, Convido Ab Oy reported total revenue of €1.5 million and EBIT of €0.3 million. As of December 31, 2024, Convido Ab Oy reported net sales of €1.5 million and adjusted operating profit of €0.3 million. In accordance with the terms of the arrangement, it has also been agreed to implement the remaining 30 percent of the deal during the years 2027-2029.
Wulff-Yhtiöt Oyj (HLSE:WUF1V) completed the acquisition of 70% stake in Convido Ab Oy on February 13, 2025. Reported Earnings • Oct 21
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: €0.04 (up from €0.018 in 3Q 2023). Revenue: €26.2m (up 24% from 3Q 2023). Net income: €258.0k (up 117% from 3Q 2023). Profit margin: 1.0% (up from 0.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 27
Upcoming dividend of €0.07 per share Eligible shareholders must have bought the stock before 04 October 2024. Payment date: 14 October 2024. Payout ratio is a comfortable 47% and the cash payout ratio is 83%. Trailing yield: 5.3%. Lower than top quartile of Finnish dividend payers (6.1%). Higher than average of industry peers (2.7%). Reported Earnings • Jul 20
Second quarter 2024 earnings released: EPS: €0.15 (vs €0.088 in 2Q 2023) Second quarter 2024 results: EPS: €0.15 (up from €0.088 in 2Q 2023). Revenue: €25.5m (up 4.7% from 2Q 2023). Net income: €1.02m (up 71% from 2Q 2023). Profit margin: 4.0% (up from 2.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 19
Consensus EPS estimates increase by 26% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.27 to €0.34. Revenue forecast steady at €102.3m. Net income forecast to grow 27% next year vs 25% growth forecast for Retail Distributors industry in Finland. Consensus price target up from €2.70 to €3.00. Share price rose 2.2% to €2.73 over the past week. Announcement • Apr 24
Wulff-Yhtiöt Oyj Provides Earnings Guidance for the Year 2024 Wulff-Yhtiöt Oyj provided earnings guidance for the year 2024. For the year, the company expected that net sales will increase, and that the comparable operating profit will remain at a good level in 2024. Reported Earnings • Apr 22
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: €0.03 (down from €0.083 in 1Q 2023). Revenue: €23.3m (down 7.8% from 1Q 2023). Net income: €201.0k (down 64% from 1Q 2023). Profit margin: 0.9% (down from 2.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 50%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 07
Dividend of €0.07 announced Shareholders will receive a dividend of €0.07. Ex-date: 4th October 2024 Payment date: 14th October 2024 Dividend yield will be 5.5%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 04
Wulff Group plc Approves to Distribute a Dividend for the Financial Year 2023, Payable on April 15, 2024 and October 14, 2024 Wulff Group Plc's Annual General Meeting held on April 4, 2024 decided to distribute a dividend of EUR 0.15 per share be paid for the financial year 2023. The dividend will be paid in two instalments. The record date of the first instalment of EUR 0.08 per share will be April 8, 2024 and the payment date will be April 15, 2024. The record date of the second instalment of the dividend of EUR 0.07 per share will be October 7, 2024 and the payment date will be October 14, 2024. Upcoming Dividend • Mar 29
Upcoming dividend of €0.08 per share Eligible shareholders must have bought the stock before 05 April 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of Finnish dividend payers (5.9%). Higher than average of industry peers (2.6%). Declared Dividend • Mar 14
Final dividend of €0.08 announced Shareholders will receive a dividend of €0.08. Ex-date: 5th April 2024 Payment date: 15th April 2024 Dividend yield will be 6.3%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Feb 20
Price target increased by 30% to €2.60 Up from €2.00, the current price target is provided by 1 analyst. New target price is 12% above last closing price of €2.33. Stock is down 41% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.31 last year. Reported Earnings • Feb 20
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: €0.31 (down from €0.45 in FY 2022). Revenue: €93.9m (down 8.1% from FY 2022). Net income: €2.09m (down 32% from FY 2022). Profit margin: 2.2% (down from 3.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 41%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.11, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Retail Distributors industry in Europe. Total loss to shareholders of 26% over the past three years. Major Estimate Revision • Oct 30
Consensus EPS estimates fall by 45% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €102.9m to €96.5m. EPS estimate also fell from €0.40 per share to €0.22 per share. Net income forecast to shrink 37% next year vs 26% growth forecast for Retail Distributors industry in Finland . Consensus price target down from €4.30 to €2.00. Share price fell 7.7% to €1.80 over the past week. Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: €0.02 (down from €0.13 in 3Q 2022). Revenue: €21.3m (down 12% from 3Q 2022). Net income: €119.0k (down 87% from 3Q 2022). Profit margin: 0.6% (down from 3.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Retail Distributors industry in Europe are expected to grow by 6.3%. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 11% per year. New Risk • Oct 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks High level of debt (61% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€13.5m market cap, or US$14.2m). Announcement • Oct 18
Wulff Group plc Adjusts Its Earnings Guidance for the Fiscal Year 2023 Wulff Group Plc adjusted its earnings guidance for the fiscal year 2023. for the year, the company expects comparable operating profit to decrease clearly compared to 2022 (2022: EUR 4.0 million) Previously, the company expected net sales (2022: EUR 102.2 million) and comparable operating profit (2022: EUR 4.0 million) to increase from the comparison period. The rationale for updating the guidance is especially due to the decline in net sales and profitability of the company's international exhibition and remote studio business, as well as the decline in net sales and profitability of the company's printing and document management services in Finland. Also, the tightening of the general economic situation has affected the group's operations. Upcoming Dividend • Oct 04
Upcoming dividend of €0.07 per share at 4.6% yield Eligible shareholders must have bought the stock before 11 October 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Finnish dividend payers (6.0%). Higher than average of industry peers (2.7%). New Risk • Jul 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (223% cash payout ratio). Market cap is less than US$100m (€22.5m market cap, or US$25.2m). Reported Earnings • Jul 17
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: €0.088 (up from €0.024 in 2Q 2022). Revenue: €24.4m (down 2.0% from 2Q 2022). Net income: €598.0k (up 267% from 2Q 2022). Profit margin: 2.5% (up from 0.7% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 125%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 17
Wulff-Yhtiöt Oyj Provides Earnings Guidance for 2023 Wulff-Yhtiöt Oyj provided earnings guidance for 2023. For the period, Company estimates that net sales and comparable operating profit 2023 will increase compared to 2022. Board Change • May 01
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. 4 experienced directors. No highly experienced directors. Independent Director Lauri Sipponen was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: €0.083 (vs €0.13 in 1Q 2022) First quarter 2023 results: EPS: €0.083 (down from €0.13 in 1Q 2022). Revenue: €25.3m (down 1.4% from 1Q 2022). Net income: €561.0k (down 39% from 1Q 2022). Profit margin: 2.2% (down from 3.6% in 1Q 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 04
Upcoming dividend of €0.07 per share at 3.7% yield Eligible shareholders must have bought the stock before 11 April 2023. Payment date: 21 April 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Finnish dividend payers (5.1%). Higher than average of industry peers (2.4%).