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Aallon Group yrityskaupoilla Pohjanmaalla

AALLONAnalyst Comment2025-09-01 07:12
Atte RiikolaAnalyst
Discuss

Aallon Group tiedotti perjantaina ostaneensa Teuvalla sijaitsevan tilitoimisto Yrityspalvelut Instament Oy:n liiketoiminnan. Käteisellä maksettavaa kauppahintaa ei kerrottu, mutta arvioimme järjestelyn arvostuksen noudattaneen Aallon Groupin yrityskaupoissa tyypillisesti nähtyjä maltillisia tasoja. Järjestelyn myötä Aallon Group laajenee Etelä-Pohjanmaalle, missä yhtiöllä ei aiemmin ollut läsnäoloa. Kaupan liikevaihtovaikutus suhteessa vuoden 2025 ennusteeseemme on vajaa 2 %. Lisäämme järjestelyn ennusteisiimme seuraavan päivityksemme yhteydessä. Järjestelyn myötä Aallon Groupin yritysostovetoinen kasvustrategia ottaa jälleen askeleen eteenpäin, mihin nähden osakkeen arvostus on näkemyksemme mukaan maltillinen.

Kannattava tilitoimisto Pohjanmaalta

Yrityspalvelu Instament Oy:n liikevaihto 31.12.2024 päättyneenä tilikautena oli noin 774 TEUR. Yhtiö työllistää kaupantekohetkellä kaksi yrittäjää ja seitsemän ammattilaista. Koko yhtiön henkilöstö ja yrittäjät jatkavat asiakkaidensa palvelemista osana Aallon Groupia. Yrityspalvelu Instament Oy on viime vuosina kiihdyttänyt kasvuaan ja toiminta on hyvin kannattavaa.

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.

Read more on company page

Key Estimate Figures2025-08-19

202425e26e
Revenue35.140.342.3
growth-%6.7 %14.9 %4.7 %
EBIT (adj.)3.84.34.8
EBIT-% (adj.)10.9 %10.6 %11.4 %
EPS (adj.)0.780.901.00
Dividend0.230.240.25
Dividend %2.7 %2.8 %2.9 %
P/E (adj.)11.19.78.7
EV/EBITDA6.66.25.3

Forum discussions

Here are Atte’s comments regarding Aallon Group’s recent acquisition Inderes – 18 Jun 26 Aallon Group vahvistaa asemiaan Lapissa yrityskaupalla...
6/18/2026, 6:15 AM
by Sijoittaja-alokas
2
The expression is “primarily their customers,” not “their customers primarily electronically.” So maybe they also serve relatives and friends...
6/17/2026, 3:30 PM
by Lars74
1
“primarily serving its customers electronically” So some parts are still done on paper… or supporting documents are delivered in paper format...
6/17/2026, 3:24 PM
by excolo
0
Aallon made a small acquisition. However, it doesn’t really affect the big picture at all. Revenue is only about €0.5M. Inderes Aallon Group...
6/17/2026, 8:40 AM
by Blackparta
7
In my opinion, Aallon is not a pure-bred serial acquirer, nor does the company profile itself as one in its own communications. The company ...
5/7/2026, 1:52 PM
by Atte Riikola
7
The Röko thread has featured quite a bit of interesting discussion regarding serial acquirers (sarjayhdistelijä). It fits well in the Aallon...
5/7/2026, 1:36 PM
by Kotipuutarhuri
2
Hi Atte, my previous message was poorly phrased. I should have been more careful when writing it, but that’s water under the bridge. I wrote...
5/7/2026, 12:57 PM
by Kotipuutarhuri
5