KH Group Narrows 2026 Guidance, Posts Strong Q3 Profit Growth

Event summary

KH Group specifies 2026 guidance: net sales EUR 210–230M, comparable operating profit EUR 9–10M (40–50% growth YoY).
Q3 2026 preliminary results: net sales EUR 156.6M, comparable operating profit EUR 5.9M.
KH-Koneet Group and Nordic Rescue Group show positive development post-summer.
CEO Carl Haglund highlights improved profitability in Swedish operations and record outlook for Nordic Rescue Group.

The big picture

KH Group's updated guidance reflects strong operational improvements in both its construction machinery and emergency vehicle divisions. The 40–50% profit growth underscores successful cost management and market positioning, though foreign exchange risks remain a wildcard. The company's ability to sustain this momentum will be critical as it navigates seasonal demand fluctuations in its core sectors.

What we're watching

Profitability Sustainability: Whether KH Group can maintain 40–50% operating profit growth amid potential currency headwinds.
Market Expansion: How the Swedish operations' turnaround will impact broader Nordic market penetration.
Execution Risk: The pace at which Nordic Rescue Group can achieve its projected record results.