Lapwall: Strong finish to the year - Evli
This is a third party research report and does not necessarily reflect our views or values
LapWall’s Q4 was slightly stronger than we expected in terms of profitability. Although the declining backlog poses a potential downside risk, the company's tender pipeline has shown quarter-over-quarter improvement throughout 2024. Additionally, management noted that project sales have developed positively in early 2025.