The change negotiations are part of the company's operating model reform, which is expected to deliver at least 10 MEUR of annual EBIT improvement by the end of 2026.

The Q3 profitability of KH Group’s largest subsidiaries held their own better than we expected, but NRG’s convincing turnaround took a break due to weak earnings development. Overall, forecast changes were minor in connection with the report.

After a severe profit warning, KH Group’s Q2 report was a relief, as it confirmed that the deteriorating performance was solely due to the extremely poor performance of the Group’s source of grief, Indoor Group.