EcoUp - products and services for low-carbon construction

Here is the company report on EcoUp after Q1 from Tommi :slight_smile:

EcoUp’s start to the year proceeded largely as expectedly sluggish, but the information published by Statistics Finland earlier this week regarding market activity in small house construction points toward a slower market development than we previously anticipated. Consequently, we have slightly lowered our forecasts for the coming years. Regarding valuation, we have to look toward 2028 for support, as we expect the target market to return closer to a long-term cyclically neutral level. The positive return expectation relying on longer-term development is not sufficient to cover our required rate of return, which is reflected in our decision to reiterate our target price of 1.20 euros and our “reduce” recommendation.

3 Likes