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Administer

2.30 EUR

0.00 %

1,041 following
Corporate customer

ADMIN

First North Finland

IT Services

Technology

0.00 %
-2.54 %
-4.17 %
-4.17 %
-11.54 %
0.00 %
-31.03 %
-
-52.07 %

Administer Group is a Finnish company that offers financial and payroll services, consulting and software services, staffing and recruitment services, and compliance and advisory services. The company's customers are found in both small and medium-sized enterprises, as well as municipalities. Administer was founded in 1985, and has offices in Finland as well as in Stockholm and Tallinn.

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Market cap
38.71M EUR
Turnover
48.3 EUR
P/E (adj.) (26e)
9.26
EV/EBIT (adj.) (26e)
8.17
P/B (26e)
1.66
EV/S (26e)
0.44
Dividend yield-% (26e)
2.17 %
Coverage
Recommendation
Reduce
Target price
2.50 EUR
Updated
2026-04-01
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 2026-04-02

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
22/4
2026

General meeting '26

23/4
2026

Annual dividend

13/5
2026

Business review Q1'26

Risk
Business risk
Valuation risk
Low
High
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Third party research

Administer: Awaiting Sarastia clarity - Evli

Administer delivered a clear profitability beat in Q4 despite continued top-line headwinds. With no guidance provided pending the Sarastia acquisitions completion, aimed at April 1, we are waiting for clarity on the outlook of the acquired units.

Administer
Third party research

Administer: Clear profitability improvement - Evli

Administer's Q4 results were mixed, with net sales declining slightly more than we had estimated, while profitability improvement was stronger. The company will specify its outlook for 2026 once the business transfers from the Sarastia acquisitions are...

Administer
Third party research

Administer: Growth on hold pending Sarastia - Evli

Administer reports Q4 figures on March 4. We expect net sales to have declined slightly in the challenging market, while EBITDA should improve supported by previously implemented cost-saving measures. For 2026, much will depend on Sarastia.

Administer
Forum discussions
Kyösti Kakkonen accuses Administer’s major owners of greed in Talouselämä: "Veteran investor Kyösti Kakkonen has a clear vision for the companies to be purged from his portfolio. Both construction consulting firm Solwers and financial and payroll management company Administer are...
12/27/2025, 8:03 AM
by Tikkaa heittävä Apina
3
Here are the first takes on Administer’s Q4. Profitability took a nice turn for the better again towards the end of the year, after a setback in Q2-Q3. Inderes Administer Q4'25 -pikakommentti: Tehostamistoimet purivat ja kannattavuus... Tehostamistoimet nostivat Q4:n EBITA-marginaalin...
3/4/2026, 7:22 AM
by Atte Riikola
2
Here’s a fresh analysis regarding the Q3 report: Inderes Administer Q3'25: Orgaaninen kasvu voi olla tiukassa myös ensi vuonna - Inderes Laskeneilla ennusteillamme osakkeen arvostus on ensi vuoteen katsottuna melko neutraali The decline in revenue seen in Q3 came as a surprise, and...
11/6/2025, 7:32 AM
by Atte Riikola
2
Atte interviewed Administer CEO Kimmo Herranen Inderes Administer Q4'25: Kustannussäästöt näkyivät parempana kannattavuutena - Inderes Aika: 04.03.2026 klo 15.08 Administerin kannattavuus parani kustannussäästöjen myötä loppuvuonna, mutta liikevaihto oli pienessä laskussa kaikissa...
3/4/2026, 4:17 PM
by Sijoittaja-alokas
1
Here are Atte’s comments on the signing of the purchase agreement for Sarastia’s welfare customer business. Previously, the competition authority already approved the acquisition of Sarastia’s municipal customer business. Inderes Administer: Sarastian hyvinvointiasiakkaita koskevan...
12/22/2025, 6:08 AM
by Sijoittaja-alokas
1
Here’s a company report from Ate after the Sarastia acquisition The value creation of the acquisition relies particularly on efficiency measures, for which visibility is still weak. At this stage, we have modeled a very modest profitability improvement for the coming years, in addition...
yesterday
by Sijoittaja-alokas
0
Aten’s comments on how Administer finalized the Sarastia deal. Administer announced on Tuesday, as expected, that it had finalized the Sarastia business acquisition, and the business transfer to a new company (Sarastia Oy) will take place on April 1, 2026. This is the largest acquisition...
4/1/2026, 5:16 AM
by Sijoittaja-alokas
0
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