KELASNasdaq HelsinkiFarm & Heavy Construction MachineryIFRS · EUR

Kesla Oyj

Kesla Oyj is a Finnish company specializing in the development and manufacturing of machinery and technology for sustainable success in forestry and beyond. Founded in 1960, Kesla operates in three main business areas: tractor attachments, timber harvesting equipment, and vehicle and industrial cranes. The company is known for its commitment to responsibility and innovation, with a strong presence in both domestic and international markets. Kesla's products are designed to meet the demanding conditions of northern climates, and the company is listed on Nasdaq Helsinki.

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Revenue34.4m EUR
−22.4 %y/y
Operating profit (EBIT)-4.9m EUR
−13,057.9 %y/y
EBIT margin-14.3%
−14.4 ppy/y
Net income-4.5m EUR
−757.7 %y/y
Free cash flow1.1m EUR
−48.0 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-200204060m EUR2021: 45 m EUR2021: EBIT 2.2 m EUR20212022: 46 m EUR2022: EBIT -1.3 m EUR20222023: 55 m EUR2023: EBIT 1.4 m EUR20232024: 44 m EUR2024: EBIT 0.04 m EUR20242025: 34 m EUR2025: EBIT -4.9 m EUR202534-4.9
RevenueOperating profit (EBIT)

Business

Share of revenue
Timber Harvesting Equipment35 %

Includes machinery for efficient timber harvesting operations.

Vehicle and Industrial Cranes30 %

Cranes for vehicles and industrial applications, including stability systems.

Tractor Attachments25 %

Attachments for tractors, including forestry trailers and loaders.

Spare Parts and Services10 %

Sales of spare parts and provision of maintenance services.

Customers

Kesla serves a diverse range of customers primarily in the forestry and industrial sectors. Its products are tailored to meet the needs of professional users, including forestry companies, industrial operators, and defense organizations. The company's strong focus on customer needs and local partnerships enables it to deliver solutions that enhance operational efficiency and sustainability. Kesla's customer base is loyal, benefiting from the company's reliable and high-quality products designed for challenging environments.

Forestry Companies

Purchase timber harvesting equipment for efficient operations.

Industrial Operators

Buy vehicle and industrial cranes for heavy-duty applications.

Defense Organizations

Acquire specialized tractor attachments for various uses.

Strategy

Kesla's strategic priorities for 2024-2028 focus on competitive product offerings, strong sales and marketing partnerships, and efficient production. The company aims to double its revenue by 2028 through innovation, digitalization, and sustainability. Kesla emphasizes responsible partnerships and aims to strengthen its market position in Europe while exploring new opportunities in Asia. The company is committed to maintaining high-quality standards and ensuring reliable deliveries to meet evolving customer needs.

Double revenue by 2028Long term

To achieve sustainable growth and market leadership

Enhance digitalization and sustainabilityMedium term

To support growth and meet customer expectations

Geography

Kesla has a strong manufacturing presence in Finland with facilities in Joensuu, Kesälahti, and Ilomantsi. The company also operates a sales subsidiary in Appenweier, Germany. Export markets are crucial for Kesla, accounting for 53% of its revenue, with significant sales in Europe, the Nordic countries, and emerging markets in Asia. The company's geographic strategy focuses on expanding its footprint in Central Europe, the Baltics, and Scandinavia, while exploring new opportunities in the Far East.

Risks

Kesla faces several risks, including economic uncertainty affecting currency exchange rates and financing availability. Geopolitical tensions and trade policies could impact its operating environment. Operational risks include potential disruptions from labor disputes and organizational changes. Financial risks are tied to cash flow and debt management, with a focus on maintaining liquidity. The company mitigates these risks through careful planning, clear guidelines, and robust monitoring systems.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic uncertainty1Geopolitical tensions2Labor disputes3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Economic uncertaintyImpact: HighLikelihood: High

    Affects currency exchange rates and financing availability

  2. Geopolitical tensionsImpact: HighLikelihood: High

    Impact trade policies and operating environment

  3. Labor disputesImpact: MediumLikelihood: High

    Can disrupt production and operations

Accounting

Judgemental items
Revenue recognition

Timing of control transfer affects revenue reporting

Impact: Significant on financial results

Seasonality

Causes fluctuations in revenue and comparability

Impact: Moderate on quarterly results

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Last updated: 24/09/2026