contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


aallon-group-yrityskaupoilla-pohjanmaalla

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Atte Riikola

Aallon Group is an accounting firm that offer financial management services, such as bookkeeping and payroll. In addition to traditional accounting office services, the company produces various advisory services related to business operations and taxation, and financial management consulting. In addition, the company does its own application development in digital services and automation of financial administration. The oldest company in the group was founded in 1957.

CFO moving on:                   Inderes              Muutos Aallon Group Oyj:n johtoryhmässä - Inderes    Aallon Group Oyj:n talousjohtaja ja johtoryhmän jäsen Teemu Vieruaho jättää tehtävänsä.AALLON GROUP OYJ Yhtiötiedote, Muutokset hallitus/johto/tilintarkastajat 23.10.2025 klo 14.30Aallon Group...                             Probably no drama involved, but there’s no benefit to this either.

With the new CEO, Aallon Group has built its own team responsible for mergers and acquisitions, which negotiates, finalizes, and integrates these deals. To my understanding, no new recruitments have been made for this, but rather internal role changes. These were also mentioned in the H1 report:  So nowadays, the CEO is not primarily handling these deals alone, getting their hands dirty. Aallon, however, already has a strong presence in every major city, and local players surely know the other local offices very well. It is often from this level that preliminary M&A explorations begin.

I, on the other hand, have the opposite feelings. It felt like the previous CEO didn’t really close the business deals or was a bit too cautious and vague. The new CEO has brought new energy to the deals.

It’s good that acquisition targets have been found again. However, I’ve started to worry that as the pace of acquisitions accelerated with the change of CEO, whether the discipline in selecting acquisition targets has remained the same. Especially since the CEO didn’t seem to have any previous accounting firm acquisitions under their belt. When you add the ongoing organizational change to this, I believe the risks have slightly increased.

Here is a new company report on Aallon Group from Ate.  We reiterate our Add recommendation for Aallon Group and a target price of 13.0 euros. We have incorporated the company’s two most recent acquisitions into our forecasts, which has led to a 3-4% increase in earnings estimates for the coming years. Aallon Group has clearly accelerated its acquisition pace, with 12 transactions seen from the company in the past year. In our opinion, the stock’s valuation (2026e adj. P/E 11x) appears moderate in relation to the company’s stable and strong cash flow generating business and its medium-term earnings growth prospects. The implementation of the organizational reform causes short-term uncertainty and costs, but enables the continuation of profitability improvement in the coming years.                   Inderes              Aallon Group: Yrityskauppoja tehdään vauhdikkaalla tahdilla - Inderes    Olemme lisänneet yhtiön kaksi tuoreinta yritysostoa ennusteisiimme, joiden myötä lähivuosien tulosennusteet nousivat 3-4 %.

Inderes              Aallon Group Oyj:n toiminta laajenee Jyväskylässä tilitoimisto Accounteria...    Tilitoimisto Aallon Group Oyj jatkaa strategiansa mukaista kasvua hankkimalla Jyväskylässä sijaitsevan tilitoimisto Accounteria Oy:n liiketoiminnan.AALLON GROUP OYJ Lehdistötiedote 1.9.2025 ...                             And more deals are coming. Accounteria Oy’s turnover for the fiscal year ended December 31, 2024, was approximately 523 thousand euros. At the time of the transaction, the company employs six professionals in addition to one entrepreneur.

Here are Ate’s comments on Aallon Group’s recent acquisition.                    Inderes              Aallon Group yrityskaupoilla Pohjanmaalla - Inderes    Aallon Group tiedotti perjantaina ostaneensa Teuvalla sijaitsevan tilitoimisto Yrityspalvelut Instament Oy:n liiketoiminnan.

Aallon Group

Aallon Group tiedotti perjantaina ostaneensa Teuvalla sijaitsevan tilitoimisto Yrityspalvelut Instament Oy:n liiketoiminnan.

<p>Aallon Group <a href="https://www.inderes.fi/releases/aallon-group-oyj-laajentaa-toimintaansa-teuvalla-yrityspalvelu-instament-oyn-liittyessa-mukaan">tiedotti</a> perjantaina ostaneensa Teuvalla sijaitsevan tilitoimisto Yrityspalvelut Instament Oy:n liiketoiminnan. K&#xe4;teisell&#xe4; maksettavaa kauppahintaa ei kerrottu, mutta arvioimme j&#xe4;rjestelyn arvostuksen noudattaneen Aallon Groupin yrityskaupoissa tyypillisesti n&#xe4;htyj&#xe4; maltillisia tasoja. J&#xe4;rjestelyn my&#xf6;t&#xe4; Aallon Group laajenee Etel&#xe4;-Pohjanmaalle, miss&#xe4; yhti&#xf6;ll&#xe4; ei aiemmin ollut l&#xe4;sn&#xe4;oloa. Kaupan liikevaihtovaikutus suhteessa vuoden 2025 ennusteeseemme on vajaa 2 %. Lis&#xe4;&#xe4;mme j&#xe4;rjestelyn ennusteisiimme seuraavan p&#xe4;ivityksemme yhteydess&#xe4;. J&#xe4;rjestelyn my&#xf6;t&#xe4; Aallon Groupin yritysostovetoinen kasvustrategia ottaa j&#xe4;lleen askeleen eteenp&#xe4;in, mihin n&#xe4;hden osakkeen arvostus on <a href="https://www.inderes.fi/research/aallon-group-h125-yritysostovetoinen-kasvu-jatkuu">n&#xe4;kemyksemme</a> mukaan maltillinen.</p>
<h2>Kannattava tilitoimisto Pohjanmaalta</h2>
<p>Yrityspalvelu Instament Oy:n liikevaihto 31.12.2024 p&#xe4;&#xe4;ttyneen&#xe4; tilikautena oli noin 774 TEUR. Yhti&#xf6; ty&#xf6;llist&#xe4;&#xe4; kaupantekohetkell&#xe4; kaksi yritt&#xe4;j&#xe4;&#xe4; ja seitsem&#xe4;n ammattilaista. Koko yhti&#xf6;n henkil&#xf6;st&#xf6; ja yritt&#xe4;j&#xe4;t jatkavat asiakkaidensa palvelemista osana Aallon Groupia. Yrityspalvelu Instament Oy on viime vuosina kiihdytt&#xe4;nyt kasvuaan ja toiminta on hyvin kannattavaa.</p>

	2024	25e	26e
Revenue	35.1	40.3	42.3
growth-%	6.7 %	14.9 %	4.7 %
EBIT (adj.)	3.8	4.3	4.8
EBIT-% (adj.)	10.9 %	10.6 %	11.4 %
EPS (adj.)	0.78	0.90	1.00
Dividend	0.23	0.24	0.25
Dividend %	2.7 %	2.2 %	2.3 %
P/E (adj.)	11.1	11.9	10.7
EV/EBITDA	6.6	7.4	6.4

Aallon Group yrityskaupoilla Pohjanmaalla

Kannattava tilitoimisto Pohjanmaalta

Key Estimate Figures19/08

Forum discussions