Reported Earnings • May 20
First quarter 2026 earnings released: EPS: €0.04 (vs €0.18 in 1Q 2025) 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 is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.5% 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 76 percentage points per year, which is a significant difference in performance. Aankondiging • Jan 02
Koskisen Oyj(HLSE:KOSKI) dropped from OMX Nordic Small Cap Index Koskisen Oyj removed from OMX Nordic Small Cap Index. Aankondiging • 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 Aankondiging • Oct 02
Koskisen Oyj, Annual General Meeting, Apr 23, 2026 Koskisen Oyj, Annual General Meeting, Apr 23, 2026. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. Reported Earnings • Nov 17
Third quarter 2024 earnings released: €0.02 loss per share (vs €0.042 loss in 3Q 2023) 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 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. Aankondiging • 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 Aankondiging • Sep 25
Koskisen Oyj, Annual General Meeting, May 15, 2025 Koskisen Oyj, Annual General Meeting, May 15, 2025. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: €0.21 (vs €0.43 in 2Q 2023) 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 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. Buy Or Sell Opportunity • Jul 02
Now 25% undervalued Over the last 90 days, the stock has risen 16% to €7.64. The fair value is estimated to be €10.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 72%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Aankondiging • 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. Buy Or Sell Opportunity • Jun 21
Now 21% undervalued Over the last 90 days, the stock has risen 7.2% to €7.00. The fair value is estimated to be €8.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 72%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Buy Or Sell Opportunity • Jun 10
Now 21% undervalued Over the last 90 days, the stock has risen 13% to €7.32. The fair value is estimated to be €9.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 72%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Aankondiging • Jun 05
Koskisen Expands its Kore Business in Poland The wood products company Koskisen is expanding its operations and investing approximately EUR 3 million in the Kore business, which manufactures interior solutions for light commercial vehicles. The investment will focus on machinery, such as CNC machines and other needed equipment from the production point of view. The new production unit to be established in Skwierzyna, Poland. The already completed production facilities have been leased for a long-term agreement with a purchase option. With the new production unit, the production facilities of the Kore business will grow from the current 3,000 m3 to 8,000 m3. The new facilities enable scaling of production capacity to more than double. The investment supports the expansion of Kore's product range into new end-uses and the expansion of the current market area. Key market drivers support the investment in the new production unit. Growing logistics volumes, strong growth in e-commerce deliveries and electrification are increasing the demand for light commercial vehicles and wood panels used in their equipment and interior solutions. Kore products, which include floor and lining components, wheel arches and accessories for light commercial vehicles, are manufactured according to customer requirements from plywood and other materials. Koskisen started producing interior solutions for light commercial vehicles under the Kore brand in Toporów, Poland, in 2010. The production unit currently employs about 70 people. The personnel requirement for the new unit to be established in Skwierzyna is approximately 30–40 employees. The Kore business is part of the Panel Industry segment. 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. 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 German dividend payers (4.7%). Higher than average of industry peers (3.2%). Reported Earnings • Apr 23
Full year 2023 earnings released: EPS: €0.88 (vs €2.48 in FY 2022) 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 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. Aankondiging • 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. Declared Dividend • Apr 14
Dividend reduced to €0.32 Dividend of €0.32 is 26% lower than last year. Ex-date: 17th May 2024 Payment date: 27th May 2024 Dividend yield will be 4.6%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. 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 grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 20
Full year 2023 earnings released: EPS: €0.88 (vs €2.48 in FY 2022) 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 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. New Risk • Nov 19
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.1% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (126% cash payout ratio). Profit margins are more than 30% lower than last year (8.1% net profit margin). Aankondiging • 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. Buying Opportunity • Oct 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.5%. The fair value is estimated to be €7.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last year. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is forecast to decline by 13% per annum over the same time period. Aankondiging • 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. Board Change • Jul 26
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 Director 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. 
