Harju Elekter opens factory: what it means for Harju Elekter stock

Published on 10/13/2026 at 00:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Harju Elekter opened a 4,000-square-meter unit in October 2026. For Harju Elekter stock, results are due October 22 after Q2 revenue of EUR 42.10 million.

Key points in brief

Harju Elekter opened a 4,000-square-meter production unit in Keila for data-center electrical systems in October 2026.
First-half 2026 revenue reached EUR 77.2 million, including EUR 31.0 million from Finland.
Second-quarter 2026 revenue was EUR 42.10 million, while net income fell to EUR 272,000 from EUR 2.63 million a year earlier.
The next reporting date is October 22, 2026, according to market calendar data.

Harju Elekter, EE3100004250, Illustration mit AI erstellt.

Harju Elekter opened a 4,000-square-meter production unit at its Keila plant in October 2026, adding capacity for electrical systems used in data centers. For Harju Elekter stock, the next test is the company's scheduled third-quarter reporting date on October 22, 2026.

Keila expansion targets data centers

According to Trade with Estonia in October 2026, the new unit is designed to manufacture electrical systems for data centers. The investment announced in October 2025 exceeded EUR 4.00 million, and the expansion lifts the Keila site production area to 28,000 square meters.

The project is tied to the group's E-house and substation businesses. Harju Elekter signed a EUR 15.50 million contract with Siemens in July 2026 to supply E-House systems for a data center in Finland, while Finland generated EUR 31.0 million of group revenue in the first half of 2026.

What does the expansion mean?

First-half 2026 group revenue reached EUR 77.2 million, with Sweden contributing EUR 14.1 million, according to Trade with Estonia. The geographic split gives the factory project an export-led revenue base rather than a purely domestic demand story.

That growth opportunity comes against a weaker recent earnings comparison. Simply Wall St reported that second-quarter 2026 revenue was EUR 42.10 million, down 8.60 percent from the second quarter of 2025, while net income fell 90.00 percent to EUR 272,000 from EUR 2.63 million. Profit margin declined to 0.60 percent from 5.70 percent.

Results arrive on October 22

The next reporting date is October 22, 2026, according to Investing.com. The report should show whether the new capacity is translating into orders and whether the second-quarter margin pressure is easing.

The chronology is clear. On April 5, 2026, full-year 2025 revenue was reported at EUR 174.0 million and net income at EUR 10.8 million; on July 24, 2026, second-quarter revenue was EUR 42.10 million and net income was EUR 272,000; in October 2026, the 4,000-square-meter Keila unit opened. These figures place the factory expansion between a profitable 2025 and a much weaker second quarter.

Market report and company profile

Harju Elekter Group is listed on Nasdaq Tallinn under ticker HAE1T and operates in industrial goods and services. Its core business is the development and manufacture of power-distribution and automation solutions for infrastructure, industrial and maritime customers.

The latest quoted market value shown by Simply Wall St was EUR 95.9 million, while its stated 52-week range was EUR 4.30 to EUR 6.02. The figures are separate market context and do not replace a dated Lang & Schwarz quote.

What comes next for Harju Elekter?

The October 22 report is the next concrete checkpoint for the factory strategy. Revenue from Finland and Sweden, the EUR 15.50 million Siemens contract and the 0.60 percent second-quarter profit margin give investors three measurable indicators for judging execution.

Market context: Latest market reports.

The continuously updated real-time quote of Harju Elekter stock.