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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

United Bankers H1’25 preview: A sticky start to the year

UNITEDAnalyst Comment2025-08-18 15:56
Sauli VilénAnalyst
Discuss

United Bankers is a Finnish expert on wealth management and investment markets, established in 1986. It is one of the oldest non-bank asset managers in Finland. The Group's wealth management business includes funds, discretionary portfolio management, and structured investment products. In its funds, United Bankers specialises in real asset investment solutions, focusing on forest, real estate, infrastructure, and renewable energy. The company also provides capital markets services. United Bankers' headquarters is located in Helsinki.

Read more on company page

Key Estimate Figures2025-05-18

202425e26e
Revenue62.153.659.6
growth-%19.2 %-13.7 %11.2 %
EBIT (adj.)23.414.918.3
EBIT-% (adj.)37.6 %27.8 %30.8 %
EPS (adj.)1.651.021.24
Dividend1.101.151.20
Dividend %6.2 %4.6 %4.8 %
P/E (adj.)10.824.520.1
EV/EBITDA7.014.912.5

Forum discussions

In my opinion, the UB share price is starting to show signs of a bubble Almost a 50 percent increase in a year + dividend. Based on Inderes’...
7/29/2026, 11:09 AM
by Big Lynx
4
Indeed, UB made a fairly decent-sized deal by acquiring Fondita! Here is my morning comment Inderes – 25 May 26 United Bankers jatkaa yritysostostrate...
5/25/2026, 5:56 PM
by Sauli Vilen
11
Inderes Sisäpiiritieto: United Bankers Oyj ostaa Fondita Rahastoyhtiö Oy:n - Inderes United Bankers Oyj SISÄPIIRITIETO 22.5.2026 kello 22.00...
5/22/2026, 7:03 PM
by TJT
10
Really good interview with UB on AMWatch (paywall). amwatch.com – 22 Apr 26 Finnish fund manager looks across the border for an acquisition:...
4/22/2026, 10:29 AM
by Sauli Vilen
1
An article from UB about the sustainability of data centers, as these are projects spanning decades. “Data center projects are investments of...
4/17/2026, 7:59 AM
by Verneri Pulkkinen
2
UB’s article about data centers. Inderes – 16 Apr 26 Mitä datakeskus tuo kunnalle? Vaikutukset nyt ja tulevaisuudessa - Inderes Datakeskukset...
4/16/2026, 9:39 AM
by Verneri Pulkkinen
3
We chatted with Sauli about UB’s situation, more on earnings growth and new sales in the video as well. Inderes United Bankers: Uusmyyntiin ...
3/17/2026, 11:26 AM
by Mikael Maijala
2