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

By Sauli VilénAnalyst
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 pageKey Estimate Figures18/05
| 2024 | 25e | 26e | |
|---|---|---|---|
| Revenue | 62.1 | 53.6 | 59.6 |
| growth-% | 19.2 % | -13.7 % | 11.2 % |
| EBIT (adj.) | 23.4 | 14.9 | 18.3 |
| EBIT-% (adj.) | 37.6 % | 27.8 % | 30.8 % |
| EPS (adj.) | 1.65 | 1.02 | 1.24 |
| Dividend | 1.10 | 1.15 | 1.20 |
| Dividend % | 6.2 % | 6.1 % | 6.4 % |
| P/E (adj.) | 10.8 | 18.5 | 15.2 |
| EV/EBITDA | 7.0 | 11.0 | 9.3 |
Forum discussions
CEO John Ojanperä was at the Investor Days presenting his company as an investment. Inderes United Bankers sijoituskohteena | Sijoittajapäiv...
11/24/2025, 3:45 PM
by Sijoittaja-alokas
1
The latest UB fund interview has been published! Inderes Uusi energiapuisto | Salkunhoitajat – UB Uusiutuva Energia - Inderes Aika: 19.09.2025...
9/19/2025, 9:20 AM
by Verneri Pulkkinen
2
This video can also be found on the Inderes Nordic channel, where Sale interviews UB’s CEO, John Ojanperä. Topics: 00:00 Intro 00:04 Highlights...
8/25/2025, 1:13 PM
by Sijoittaja-alokas
2
Sale has made a report on the United Bankers gang. UB’s H1 report was clearly better than forecasts in terms of numbers. However, the earnings...
8/21/2025, 8:13 PM
by Sijoittaja-alokas
3