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Orthex

5.12

 

EUR

 

+0.39 %

4,356 following

ORTHEX

NASDAQ Helsinki

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Consumer Goods & Services

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+0.39%
+0.39%
+2.4%
-9.22%
-17.68%
-17.29%
-37.67%
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-30.95%

Orthex is a Finnish manufacturer and supplier of household products. The company offers a range of products such as plastic boxes for storage, cutting boards, pots, bowls, and other accessories for the kitchen. Most of the range is accessed digitally via the company's e-commerce platform, and the products are offered via licensed resellers. The largest operations are in the Nordic market.

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Market cap
90.93M EUR
Turnover
55.79K EUR
P/E (adj.) (24e)
15.75
EV/EBIT (adj.) (24e)
11.73
P/B (24e)
2.49
EV/S (24e)
1.23
Dividend yield-% (24e)
4.49 %
Coverage
Recommendation
Accumulate
Target price
6.00 EUR
Updated
26.02.2025
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 26.02.2025

Latest extensive report

Released: 23.04.2024

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
12.3
2025

Annual report '24

29.4
2025

General meeting '25

15.5
2025

Interim report Q1'25

Risk
Business risk
Valuation risk
Low
High
ShowingAll content types
Orthex: Growth hampered by sputtering partners
Research by
Thomas Westerholm

Orthex: Growth hampered by sputtering partners

In the context of the report, we have lowered Orthex's growth forecasts for the next few years due to the continued weakness in the demand environment and the challenges faced by distributors of Orthex's products. We remain confident in the longer-term outlook of the investment story.

Orthex

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Research by
Thomas Westerholm

Orthex Q3'24: Price drop opens up the game

Orthex's growth was at a good level in Q3, but the result fell short of expectations as the company had proportioned its cost structure for stronger growth. In our opinion, the overall picture of the story remains unchanged, although with the report we expect growth in the next few years will require a heavier cost structure.

Orthex
Research by
Thomas Westerholm

Orthex Q2'24: A carefree ride

Orthex's Q2 numbers were slightly below our expectations, although the performance was decent in a weak business environment. Based on Nordic retail sales figures, we estimate that the company continued to gain market share in both the Nordic and other European markets.

Orthex
Orthex Q2'24 earnings preview: We expect the growth strategy to have progressed, but the year-ago electricity subsidy distorts performance
Analyst Comment by
Thomas Westerholm

Orthex Q2'24 earnings preview: We expect the growth strategy to have progressed, but the year-ago electricity subsidy distorts performance

Orthex will publish its Q2 report on Thursday at 9:00 am EEST. We expect revenue to increase significantly from the soft comparison period when Orthex was impacted by retailer destocking. The profitability level in the comparison period was supported by a one-time electricity subsidy of 0.8 MEUR from the Swedish government, which masks the actual profitability development of the business.

Orthex
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